Employees' Provident Funds and Miscellaneous Provisions Act,1952
Act No : 19
Section :
Power to recover damages.
14B. Power to recover damages.-Where an employer makes default in the payment of any contribution to the Fund 2*[, the Family Pension Fund or the Insurance Fund] or in the transfer of accumulations required to be transferred by him under sub-section (2) of section 15 3*[or sub-section (5) of section 17] or in the payment of any charges payable under any other provision of this Act or of 4*[any Scheme or Insurance Scheme] or under any of the conditions specified under section 17, 5*[the Central Provident Fund Commissioner or such other officer as may be authorised by the Central Government, by notification in the Official Gazette, in this behalf] may recover 6*[from the employer by way of penalty such damages, not exceeding the amount of arrears, as may be specified in the Scheme]: 7*[Provided that before levying and recovering such damages, the employer shall be given a reasonable opportunity of being heard]: 8*[Provided further that the Central Board may reduce or waive the damages levied under this section in relation to an establishment which is a sick industrial company and in respect of which a scheme for rehabilitation has been sanctioned by the Board for Industrial and Financial Reconstruction established under section 4 of the Sick Industrial Companies (Special Provisions) Act, 1985 (1 of 1986),subject to such terms and conditions as may be specified in the Scheme.]
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