PF procedure for inspection
Contents News/Article Date: 31st July 2023
Relating to which Act: The Employees Provident Funds & Miscellaneous Provisions Act, 1952;
Penalty under the Act: Whoever, for the purpose of avoiding any payment to be made by himself under this Act [the Scheme, the [Pension] Scheme] or the Insurance Scheme] or of enabling any other person to avoid such payment knowingly makes or causes to be made any false statement or false representation shall be punishable with imprisonment for a term which may extend to one year, or with a fine of five thousand rupees, or with both].
Applicable to which State: All the States and Establishments to be covered by these Acts
Type: EPFO – Central Analysis & Intelligence Unit Circular No. CAIU/SOP/2022/E 47416/2818 dated 31st July 2023 issued by Additional Central PF Commissioner
Pertains to: Enforcement Officers and Field Officers and Employers and members
Relevance of this news: Karma Global is in the business of HR Services, Payroll, Outsourcing, and Regulatory Compliances right from its inception in 2004 since then, has brought in a lot of efficiencies and technological upgradations with experts on its role, to ease the hassles of Payroll Processing, Temp Staffing, On-boarding, Employee Life Cycle, Statutory, Regulatory, and Payroll compliances by providing customized solutions to all its elite clients.
Karma Global has set up its offices in the UK, USA, UAE, Canada, and South East Asia and is fully into providing solutions for workplace issues, employment law advice, immigration and negotiation, representation in employment tribunals, and involvement in leading cases, addressing HR issues in line with Labour Laws, payroll, staffing, and talent acquisition.
Karma Global is fully into PF compliance work for subscribers and members and is currently handing the PF higher pension work of hundreds of clients.
And in the current instance Please refer to HO letter no. CAIU/SOP/2022117206 dated 21.03.2023, wherein approved Standard Operating Procedure (SOP) for Inspection of Establishments was shared for ready reference and necessary preparatory activities. It was also stated that the date of effectiveness for the SOP will be communicated in due course.
The development of IT Tools for the complete implementation of the SOP is under process and the automated system is being operationalized in stages. However, the processes of SOP can be implemented within the existing framework using already available tools. The SOP, thus, is made effective from 01-August-2023.
The mechanism for implementation to be adopted, using already available tools, is listed as follows: Please refer to HO letter no. CAIU/SOP/2022117206 dated 21.03.2023, wherein approved Standard Operating Procedure (SOP) for Inspection of Establishments was shared for ready reference and necessary preparatory activities. It was also stated that the date of effectiveness for the SOP will be communicated in due course.
Subject: Standard Operating Procedure (SOP) for Inspection of Establishments-reg.
Attached is the notification