Business Standard

Wednesday, January 08, 2025 | 10:05 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

EPFO seals bank a/c of over 600 firms sealed for irregularities

During this period, 14 employees who indulged in wrong- doings in depositing their employees' PF were also arrested

EPFO

Press Trust of India Indore
Employees Provident Fund Organisation (EPFO) has sealed the bank accounts of 636 organisations and attached the properties of seven others for alleged irregularities in paying their employees' PF contribution in Madhya Pradesh.

"EPFO has sealed the bank accounts of 636 employers and attached the properties of seven organisations for committing irregularities in paying their employees' PF contribution," an EPFO spokesman said.

During this period, 14 employees who indulged in wrong- doings in depositing their employees' PF were also arrested, he said.

EPFO carried out a drive to realise PF contributions from employers and took the strict action against them between April 1 last year and March 10 this year, he said.
 
The EPFO was observing March as 'recovery month' to realise PF contributions from employers, the spokesman added.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Mar 11 2016 | 6:17 PM IST

Explore News