Page 302 - DCOM404_CORPORATE_LEGAL_FRAMEWORK

Unit 13: Industrial Law

13.6.3 Role of Central and Regional Provident Fund Organisations Notes

The Employees' Provident Fund Organisation (EPFO), India is a state sponsored compulsory
contributory pension and insurance scheme. It is one of the largest social security organisations
in the world in terms of members and volume of financial transactions undertaken. The
Employees Provident Fund Organisations is the incharge of all the three schemes. The organisation
functions under the overall superintendence of the policies framed by the Central Board of
Trustees, a tripartite body consisting of the chairman's, nominees of the Central and State
Governments and employees and employers organisations. The Chief Executive Officer of the
Organisation is the Central Provident Fund Commissioner, who is also a Member of the Board
and its Secretary.
Figure 13.1 Structure of the EPFO in India

Central Board of
Trustees

Executive Committee
CBT, EPF

Corporate Headquarters, Employees
Provident Fund Organisation

Regional Offices

Sub
Regional Offices

District Offices Service Centres

He is assisted by the Regional Provident Fund Commissioner, one in each state and in Delhi.
The regional committees advise the Central Board on matters connected with the administration
of the scheme in their respective States. Sub-regional provident fund offices have been opened
in some regions to render better services to the subscribers of the fund. Provident fund inspectors
are appointed to carry out inspections and to perform an advisory role vis-à-vis the employers
and workers in different covered establishments. They conduct surveys to ensure that all coverable
establishments/factories are covered under the Act. They also recommend and file prosecutions
in the courts against defaulting employers and pursue these cases till their final disposal.

13.6.4 Offences and Penalties

The penalties in respect of the various offences in regard to provident fund, family pension fund,
etc. are as follows:

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