Social security exemption undertaking binds employer and trustees to compliance, fund transfer duties, and cancellation consequences. Employer and the board of trustees give a certificate of undertaking to abide by the conditions for exemption under section 143(1) of the Code on Social Security, 2020. The undertaking binds the establishment, the PF trust, and their successors and assignees, and extends to any further conditions required for continuation of exemption. It also requires prompt transfer of funds on cancellation of exemption within the time prescribed by the Regional Provident Fund Commissioner, failing which sections 127 and 128 of the Code apply.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Social security exemption undertaking binds employer and trustees to compliance, fund transfer duties, and cancellation consequences.
Employer and the board of trustees give a certificate of undertaking to abide by the conditions for exemption under section 143(1) of the Code on Social Security, 2020. The undertaking binds the establishment, the PF trust, and their successors and assignees, and extends to any further conditions required for continuation of exemption. It also requires prompt transfer of funds on cancellation of exemption within the time prescribed by the Regional Provident Fund Commissioner, failing which sections 127 and 128 of the Code apply.
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