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EMPLOYEES' PROVIDENT FUNDORGANISATION

AGENDA BOOK

30th Meeting of the Sub- Committee ofCentral Board of Trustees, (EPF) on : .. -·;I

Exempted Establishments.

Date 08.10.2010 (Friday)••

Time ·• 11:00 AM

Venue BHEL CONFERRENCE HALL, 1ST FLOORopp REGIONAL OFFICE KOLKATASALT LAKEKOLKATA

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""' ,....•• Agenda Paper

For the so"Meeting of the

Sub-Committee of

Central Board of Trustees

(Employees' Provident Fund)

On Exempted Establishments

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30th Meeting of the Sub- Committee on Exempted Establishments

--Date: 08.10.2010(Friday) Time: 11: 00 AM

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INDEX OF ITEMS

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SI. No ITEMS Page No1 Action Taken Statement in 1-2

respect of 29th Meeting ofthe Sub Committee onexempted establishments

2. Status Report on the 3-8Exempted Establishmentsof West Bengal, NER &Jharkhand

3. Progress of grant of 9-11Exemption

4 Annexures A-I 12-46

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Item.No: 1 : Action Taken statement in respect of 29th

meeting of the sub- committee of CBT, EPF onExempted establishmentsI

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2.

the committee

SI DecisionN /Recommendations ofo.

Action Taken/ Status

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Approval of the report of the The Institute of Chartered

committee constituted for Accountant of India (ICAI) was

standardization of balance requested to examine the

sheet! reporting the system feasibility of developing an

of accounts by the accounting standard for audit of

exempted trust. the exempted trust funds in light

of condition no 24(b) of Para

27AA of the EPF scheme'52.

The institute has informed that

the accounting standard on

retirement benefit plans

developed by the study group

constituted by them for the

purpose has been finalized. The

firstexposure draft has been

issued by the institute and the

same is placed as Annexure J,for the perusal & deliberations of

the members .

Resolution to recommend to The exempted committee's

the Government a suitable viewsl recommendations have

amendment in the Scheme already been communicated to

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·.__ .._--,...._ ...__ .• ._---_ .._--------placing a limit of 6-month's the Government Of India vide

for crediting of interest in the letter dated 16.09.05 and

members' accounts from 18.01.06 & reminder dated

of 07.10.09.

During the 190th meeting of the

CBT,EPF an item has already

been placed for amending para

60 of the EPF scheme'52 , in

order to stop crediting interest to

members' accounts after an

account is inoperative for a

period of 36 months . The said

amendment shall also fulfil the

requirements of the exempted

establishments.

their dates

superannuation.

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Item No 2: Status Report on the Exempted establishments

of Kolkata, Jalpaiguri, Jharkhand & North East Regions

KOLKATA:-

Kolkata region having its Regional Office at Salt Lake, Kolkata and SubRegional Offices at Park Street, Howrah, Barrackpore, Durgapur andPort Blair has a total of 431 exempted/relaxedestablishments{Annexure-A), having membership of 476988.-

-Compliance:-

During the 2009-10 Compliance audit in respect of 384 establishments

was conducted out of which 205 establishments were found to be

violating one or more conditions of exemption Annexure- 8,& C) ,

whereas 26 establishments had defaulted in the payment of

dues(Annexure-F). Actions including initiation of enquiry u/s 7A, issue

of show cause notices u/s 14 and for withdrawal of relaxation as well as

recommending cases for cancellation of exemption were initiated by the

RPFCs against all violators. The replies received to the show cause

notices were examined and appropriate actions have been initiated in a

number of cases. Further in a few cases the replies to the show cause

notice are under examination for initiating necessary action as per the

provisions of the Act and Scheme.

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grant of Exemption:-

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Out of 75 relaxed establishments, Kolkata region has submitted 32

proposals for grant of exemption to Head Office which are being

processed (Annexure- D).The remaining proposals have not been

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-recommended either because they are lying closed or have not

submitted their complete proposals.

Cancellation of Exemption:-

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During the year 2009-10 action for cancellation of exemption or

withdrawal of relaxation was initiated against 97 establishments which

were found to be violating one or more conditions of exemption. Out of

these 97 cases in 36 cases (Annexure - E) exemption/relaxation has

already been cancelled/withdrawn by the appropriate authority after

following the due procedure. Further in respect of 41 establishments

(Annexure G), Head office, EPFO after due approval of the competent

authority has forwarded the cancellation proposals to the appropriate

authority for further necessary action.

The remaining 20 proposals submitted to Head Office are under

process and are being examined and after approval shall be forwarded

to the appropriate authority. (Annexure - H)

-It may be mentioned here that Head Office , EPFO has streamlined the

procedure for cancellation of exemption and a circular dated 30.07.09

was issued clearly mentioning the procedure and documents required

for the purpose, accordingly RPFCs have been submitting complete

cancellation proposals which has helped in expediting the action for

cancellation of exemption.

JALPAIGURI:-A, Jalpaiguri region having RO at Jalpaiguri and a Sub Regional Offices at

Siliguri, Oarjeeling and Jangipur , has a total of 10 exempted/relaxed

establishments, having membership of 5209 members.(Annexure-A).

Out of these 10 establishments, 6 establishments are exempted u/s 17

and the remaining 4 establishments are relaxed u/p 79.

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Compliance:-

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After the compliance audit of the exempted establishments conducted

during 2009-10, 04 establishments were found to be violating various

conditions of exemption (Annexure-B&C). All the four establishments

had failed to achieve the pattern of investment prescribed by Ministry of

Labour, Government of India and accordingly advisory letters were

issued to follow and achieve the pattern in the next financial year.

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"'"During the compliance audit it was found that four establishments had

defaulted in the payment of dues to the trust and EPFO (Annexure-F)

accordingly action u/s 7A has already been initiated against all the four

establishments. FIR u/s 406/409 and prosecution action u/s 14 has also

been initiated against MIs NBSTC for failure to deposit the employees'

share after deduction.

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Grant of Exemption:-

Regional Office Jalpaiguri has forwarded 2 cases for grant of

exemption to Head Office which are under process (Annexure D). As

regards the remaining' two establishments, M/s North Bengal State

Transport Corporation is a defaulter establishment and hence its

proposal has not been forwarded to Head Office while MIs Sila Foams

(P) Ltd. has not submitted the required documents for grant of

exemption.

t JHARKHAND:-

, Jharkhand region with its Regional Office at Ranchi and Sub R~gional

Office at Jamshedpur has a total of 73 exempted/relaxed

establishments, having a membership of 156010 members. (Annexure-

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A). Region has 50 establishments which are exempted u/s 17, five

establishments are exempted u/p27 A and 18 relaxed establishments.I

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Compliance:-

After the last compliance audit, violations of the conditions of exemption

were noticed in 06 establishments. (Annexure- B & C)

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In respect of MIs HEC (JH/1465) the establishment was found to be

violating condition no 25 of para 27AA of the EPF scheme'52. As the

establishment is still a relaxed establishment, show cause notice for

withdrawal of relaxation has been issued to the establishment by the

RPFC on 30.08.10.

Further in respect of five other establishments show cause notices for

withdrawal of relaxation has been issued ,as violation of condition no

29 of para 27M of the EPF scheme 1952 (i.e. Change in legal status

due to amalgamation, merger, demerger etc), was noticed in their

cases and accordingly appropriate action as prescribed under the said

para has been initiated.

Although no establishment was found to be defaulting in the deposit of

dues to the trust or EPFO, MIs IFFCO-SAIL Ltd Ramgarh has not

deposited the monthly and yearly returns (Fonn 7PS & 8PS) for the last

two years for which a show cause notice has been issued to the

establishment (Annexure-F).

Grant of Exemption:-

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Jharkhand region is having 18 relaxed establishments (u/p79 of the

EPF scheme '52). Out of these 18, exemption proposals in respect of

05 establishments are pending with the Government of Jharkhand, for

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grant of exemption (Annexure- D) and in the remaining cases proposals

have been submitted to Head Office which are being processed.I,....."

Proposals of MIs TRF Itd (JH/1302) and MIs Bihar Sponge (JH/12557)

for grant of exemption were put up before the CBT during its 189th and

190th meetings held on 09.04.10 and 15.09.10 respectively. While the

minutes of the 190th meeting are awaited, it was decided during the

189th meeting that the proposal of MIs TRF Itd shall be re-examined by

the RPFC in view of the observations raised by Sh. M.J. Rao, Hon'ble

Member CBT, accordingly the case has been referred to RPFC

Jamshedpur for a thorough re-examination.

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~-- During the year 2009-10, RPFC (Jharkhand) withdrew the relaxation in

respect of 05 establishments due to violations of the conditions of

exemption (Annexure E).-NORTH EAST REGION (NER):-

NER with its Regional Office at Guwahati and Sub Regional Offices at

Shillong, Tinsukia and Agartala has a total of 13 exempted/relaxed

establishments, having membership of 10361 members. (Annexure-

A). NER has 11 exempted establishment u/s 17, and the remaining two

are relaxed establishments.

Compliance:-

After the last compliance audit violations of the conditions of exemption

were noticed in 10 establishments. (An nexure- A&B). In majority of the

cases the violations pertain to non achievement of the prescribed

pattern at the end of the financial year by the trust for which advisory

letters have been issued.

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In respect of MIs Brahmputra Valley Fertilizers (AS/620) relaxation was

withdrawn by the RPFC due to violation of condition no 25 of para

27M l.e losses suffered by the establishment for 3 consecutive years,

however the establishment appealed against the said orders in the

Hon'ble Guwahati High Court which granted a stay and the matter is

pending in the court.

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RPFC (NER) has initiated an enquiry uls 7A of the Act against MIs

Assam Tribune (P) Ltd (AS/40) for default in payment of dues and the

same is under process, while in the case of Mis NEEPCO a thorough

compliance audit is being conducted after complaints of non

compliance in respect of contractors' employees (Annexure-F).

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II'"'"'\, Grant of Exemption:-

Two cases for grant of exemption are pending in the region Le MIs

NEEPCO and Mis Tura Christian Hospital (Annexure D). Proposals of

both the establishments were forwarded to Head Office; however the

same have been referred back to the RPFC for clarifications and the

latest compliance audit report.

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Item No 3:- Progress of grant of exemption

Clause 56 of the Finance Bill, 2006 amended Part A of the Fourth

Schedule to the Income tax Act relating to recognized provident funds.

The proposed amendment inserted a proviso in sub-rule (1) of rule 3 of

Part A of the Fourth Schedule so as to provide that in a case where

recognition has been accorded to any provident fund on or before 31st

March, 2006 and such provident fund does not satisfy the conditions

set out in clause (ea) of rule 4 of Part A of the Fourth Schedule, and

any other conditions which the B02rd may, by rules specify in this

behalf, the recognition to such provident fund shall be withdrawn.

-Subsequent to the said amendment it become mandatory for the

provident fund of any establishment to which the provisions of section

1(3) or 1(4) of the EPF & MP Act, 1952 applies to obtain ·exemption of

the said Act in order to obtain Income Tax recognition.

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Since then EPFO has made all out efforts to ensure that all the pending

proposals for grant of exemption are processed expeditiously.

Comprehensive instructions have been issued to all the field

functionaries vide Head Office circular dated 28.12.07 rationalizing the

process of grant of exemption and stressing the need for a thorough

SCI utiny of all proposals at the level of the field offices and forwarding

the same in a time bound manner to Head office. The circular dated

28.12.07 is also put up on the EPFO website for the benefit of all .

Further, CPFC has vide circular dated 27.04.09 has issued directions

for expeditious processing and forwarding of all applications for grant of

exemption. It has been directed that within 15 days of receipt of a

complete proposal, the same should be forwarded to the Head Office.

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Before placing a proposal before the CBT, it is scrutinized to examine

its suitability with respect to the provisions for grant of exemption as

contained under section 17 of the EPF & MP Act. In view of the

Ministry of Labour Government of India's guidelines issued vide letter

dated 27.02.07 all RPFCs furnish a certificate on a checklist of 10

points after 'due verification carried out at their end.

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As per Ministry of Labour & Employment letter dated 1.4.08, all cases

of grant of exemption should be placed before the CST, EPF for

consideration before sending the same to Appropriate Governments as

per the provisions of the Act. Accordingly after the approval of the

CPFC all proposals for grant of exemption are placed before the CBT,

EPF for its approval.

-.In March 2009 Ministry of Labour, Government of India also issued

directions that proposals should only be forwarded after the report of

the latest compliance audit is found to be satisfactory. hence a

thorough compliance audit covering all the points as mentioned under

the revised conditions for grant of exemption is undertaken and a copy

of the report is forwarded to the appropriate government.

-- Since January 2008 the following proposals were approved and

forwarded to the appropriate government for consideration.

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181st CBT Meeting - 134 cases

186th CBT Meeting - 147 cases

18th CST Meeting - 10'cases

188th CST meeting - 14 cases

189th CST Meeting - 31 cases

190th CST meeting - 19 cases

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.- As per information available the Appropriate Government has granted

exemption in 228 cases and relaxation in respect of 15 establishments

was withdrawn by the RPFC after the compliance audit deducted

violations of conditions of exemption. The remaining cases are under

progress with the Appropriate Governments and EPFO.

A comprehensive picture of all exempted establishment is placed as

Annexure-I

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GENERAL STATISTICS OF EXEMPTED ESTABLISHMENTS ANNEX·A

.JHARKHAND REGION

Total No of esttExempted Exempted UJs exempted Relaxed uJp No of estts Violating

SI No. Region Estt 17 uJp27A 79 Total members No of defaulting Estt conditions of exemption1 RO, Ranchi 37 25 2 10 68385 1 6

2 SRO,Jamshedpur 38 25 3 8 87625 NIL NILTOTAL 13 50 5 18 156010 1 6

NORTH EAST REGION

TotalExempted Exempted Uls exempted No ofestt No of estts Violating

SINo. Region Estt 17 u/p 27A Relaxed uJp 79 Total members No of defaulting Estt conditions of exemption

1 NER 13 11 NIL 2 10361 2 10WEST BENGAL REGION

TotalExempted Exempted UJa exempted No ofestt No of estts Violating

SINo. Region Estt 17 u/p 27A Relaxed uJp79 Total members No of defaultingEstt conditions of exemption1 KolJlata RegIon 431 325 31 75 476988 26 2052 Jalpalgurt Region 10 6 0 4 5209 4 4

TOTAL 441 331 31 79 482197 30 209

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~KANUTOTAL TOTAL 527 392 36 99 648568 33 225 I----- ....

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STATUS REPORT OF KOLKATA, JHARKHAND, JALPAIGURI AND NER ANNEX-8

SINo ITEMS KOLKATA JALPAIGURI JHARKHAND NER1 No of cases of default In

payment of dues toBOTIEPFO andsubmission of returns 26 4 1 2

2No of Cases of otherviolations of conditions ofexemption 205 4 6 10

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No of cases pending for[grant of exemption 75 4 18 2

4Cases of withdrwal ofrelaxation! cancellation ofexemption 36 NIL 5 1

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TYPES OF VIOLATIONS OF CONDITIONS OF EXEMPTION ANNEX- C

Non Consecutive lossMaintainence of to the estt for 3 Same AuditorInvestment Lossincurred years or erosion appointed for 2

SrNo Region Pattern by the trust in its net worth years Other violations

1 KOLKATA 106 18 19 24 38

2 JHARKHAND NIL NIL 1 NIL 5I

3 JALPAIGURI 4 NIL NIL NIL NIL

4 NER· 8 NIL 1 NIL 1~.~.~-.- -~ .. L......;..--_.- ------

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LIST OF RELAXED CASES ANNEX-O

JHARKHANO REGIONSINo Name of the establishment Code No Office Status1 MIs Delhi Public School, Sector- JH/10068 RO-Ranchi Proposal forwarded to Head Office, New Delhi,clarifications and compliance

IV, Bokaro audit report called for2 MIs Bokaro Power Supply Co. Ltd. JHI11252 RO-Ranchi Proposal forwarded to Head Office, New Delhi,clarifications and compliance

Bokaro audit report called for on 20.09.10·3 Mis Bharat Refractones ltd. JH/1151 RO-Ranchi Proposal for exemption received on 17-09-2010

Hazarlbagh4 Mis India Fire Bricks Insulation JH!1230 RO-Ranchi Proposal for exemption has been received in RO on 21-07-2010

Company, Ranchi Road,HazaribaQh

5 Bihar Sponge JH/12557 RO-Ranchi ProposalQut up before the CBT , minutes awaited6 MIs HEC Ltd. Dhurwa, ranchi JH/1465 RO-Ranchi As per HO direction clarification has been asked from the establishment on

03-08-20107 MIs Bharat Refractory, JH/2247 RO-Ranchi Proposal for exemption received on 24-08-2010

Bhandaridah, Bokaro8 MIs Aditya Birla Chemicals (India) JH/4989 RO-Ranchi Proposal forwarded to Head Office, New Delhi,clarifications and compliance

Ltd., Rehla, Palamau audit report called for on 18.06.109 MIs Carmel School, Giridh JH/5541 RO-Ranchi Proposal for exemption sent to the HO on 27-02-2008 & clarification sent to

24-06-201010 MIs Carmel School, Madhupur, JH/5624 RO-Ranchi Proposal forwarded to Head Office, New Delhi,clarifications and compliance

Deoahar. audit report called for11 MIs Usha Martin Ltd, JH/4018 SRO Jamshedpur Proposal Not Submitted12 MIs Loyola School JH/4111 SRO Jamshedpur Prop_osal forwarded toState Govt, notification awaited13 XLRI JH!4116 SRO Jamshedpur Proposal forwarded toState Govt, notification awaited14 Mis Rakha COP2er Project JH/3618 SRO Jamshedpur Establishment closed15 Mis Tata Cummins Ltd JH/13022 SRO Jamshedp_ur Proposal forwarded toState Govt, notification awaited16 Mis H.V.Axles Ltd JH/14833 SRO Jamshedpur Proposal forwarded toState Govt, notification awaited17 MIs HV Transmission Ltd, JH/14834 SRO Jamshedpur Proposal forwarded toState Govt notification awaited18 TRF Ltd JH/1302 SRO Jamshedpur Proposal put up before CBT ,however CBT directed for thorough inspection

withr egards to contractor employees compliance and complaints. Matterreferred to RPFC Jamshedpur

NORTH EAST REGIONSINo Name of the establishment Code No Office Status1 SRO Shillong Proposal forwarded to Head Office, New Delhi,clarifications and compliance:

WJs 'fu!aChrjs!ian Hospital AS1779 audit report called for I

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LIST OF RELAXED CASES ANNEX-O

2 SRO Shillong Proposal forwarded to Head Office, New Delhi,clarifications and complianceMIs Neepco Ltd. AS/941 audit report called for

WEST BENGAL REGIONJal(;!aiguri RegionSINo Name of the establishment Code No Office Status1 Mis NBSTC WB/11092 RO-Jalpaiguri Defaulter estt, prq20sal not submitted2 Mis Grhams Homes WB/26439 SRO- Siliguri Proposal forwarded to Head Office, New Delhi,clarifications and compliance

audit report called for3 Mis Bangia Gramin Bikash Bank WB/16303 SRO- Siliguri Proposal forwarded to Head Office, New Delhi,clarifications and compliance

audit report called for4 MIs Sila Foams (P) Ltd. WB/31103 SRO- Siliguri Proposal not submittedKolkata RegionSINo Name of the establishment Code No Office Status

1 Mis Kothari Medical Centre WB/2f}714 R.O. Kolkata Application not submitted2 MIs The Orissa Minerals WB/34595 R.O. Kolkata Application not submitted

Development Corpn Ltd ,

3 MIs Mcleod & Co. Ltd WBI5169 R.O. Kolkata Appiication not submitted

4 MIs Oriental Machinery & Civil WBI12192 R.O. Kolkata ClosedConstraction Ltd

5 MIs Business Forms Ltd WBI12245 R.O. Kolkata Closede MIs U!hA Breeo Ltd WBI14047 R.O. Kolkata Closed7 Mis E?gle Sales Dlstrlbutor$ Ltd WB/19051 R.O. Kolkata Closed8 Mis Nicco C~~oration WB/5520 RO. Kolkata Closed9 MIs G.Das Ltd WB17615 RO. Kolkata Closed

10 MIs Vishnu AgenCies Pvt Ltd WB/8317 RO. Kolkata Closed11 MIS Hindustan Auto WB/12392 SRO, Park Street Closed12 MIS Advertising Consultants (P) WB/23906 SRO, Park Street Closed

Ltd. .13 MIS SBI Home Finance WB/27613 SRO Park Street Closed14 MIS Sudera Services WB128998 SRO, Park Street Closed i

15 MIS W. Newman & Co. Ltd WB/5353 SRO, Park Street Closed16 MIS CFCL Ltd. WB/28508 SRO, Park Street Estt Closed & Under liquidation17 MIS St. Mary Time (P) Ltd. WB128517 SRO, Park Street Estt. Closed18 MIs. liSCO, Burnpur WBI161 SRO, Durgapur Exemption not recommended by RPFC, HO directed to seek compliance as

unexempted------------

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LIST OF RELAXED CASES ANNEX-O

19 M/sHindustan National Glass WB/5727 SRO Howrah H.O., New Delhi vide letter dated-29/07/2010 has forwardedrecommendation for Grant of Exemption to Ministry of Labour which hasasked for the latest Compliance Audit Report for 2009-10.

20 Mfs W.S. Cress Well WB/B099 R.O. Kol~8ta liquidation21 Mfs Dewrance Mcneil & Co. Ltd WB/11811 RO. Kolkata Non functioning22 Mfs Hlndustan Fertilizer WB/14326 R.O. Kolkata Non Functioning

Corporation ltd23 MIs Allied Marcentile Agencies Ltd WB/9120 RO. Kolkata Non functioning

24 MIS Jenson & Nicholson WB/9888 SRO, Park Street Not Recommended due to serious irregularities. Letter issued25 Mis Kanoria Chemicals & WB/9961 SRO, Park Street Not Recommended. EO Note issued for compliance audit report.

Industries Ltd.26 MIS Jenson & Nicholson WB/S143 SRO, Park Street Not Recommended. Due to serious irregularities. Letter issued27 MIS Bharat Battery mfg Co. Ltd WB/S667 SRO, Park Street Not Recommended. Due to serious irrequiarifies, Show Cause notice issued

28 Mis Contai Co-op Bank WB/15194 R.O. Kolkata Proposal forwarded to Head Office, New Delhi,clarifications and complianceaudit report called for

29 Mis WB Housing Board WB/19148 R.O. Kolkata Proposal forwarded to Head Office, New Delhi,clarifications and complianceaudit report called for

30. MIs Basant Properties WB/48310 RO. Kolkata Proposal forwarded to Head Office, New Delhi,clarifications and complianceaudit report called for

31 MIs Pilani Investment & Industries WB/48331 RO. Kolkata Proposal forwarded to Head Office, New Delhi,clarifications and complianceCorporation Ltd audit report called for

32 MIs Gwalior Finance Corporation W8/48332 RO. Kolkata Proposal forwarded to Head Office, New Delhi,c1arifications and complianceLtd audit re1>.ortcalled for

33 MIs Central India Industries Itd WB/48333 R.O. Kolkata Proposal forwarded to Head Office, New Delhi,clarifications and complianceaudit report called for

34 MIs Hindustan Discounting Ltd W8/48337 RO. Kolkata Proposal forwarded to Head Office, New Delhi,clarifications and complianceaudit report called for

35 MIs Bengal Rubber Co. Ltd WB/48338 R.O. Kolkata Proposal forwarded to Head Office, New Delhi,clarifications and complianceaudit reQort called for

36 MIs Central General Agents Ltd WBJ48339 R.O. Kolkata Proposal forwarded to Head Office, New Delhi,clarifications and complianceaudit report called for

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37 Mis Ganga Properties Ltd WB/48340 R.O. Kolkata Proposal forwarded to Head Office, New Delhi,clarifications and complianceaudit report calleJ11~_ _ ____

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LIST OF RELAXED CASES ANNEX-D

38 MIs Pilani Properties Ltd WB/48341 R.O. Kolkata Proposal forwarded to Head Office, NewDelhi,clarifications and compliance. audit report called for

39 MIs Janardhan Trading Co. WB/48343 R.O. Kolkata Proposal forwarded to Head Office, New Delhi,clarifications and complianceaudit report called for

40 MIs Rajasthan Industries Ltd WB/48344 R.O. Kolkata Proposal forwarded to Head Office, New Delhi,clarifications and complianceaudit report called for

41 MIs Ranchi Enterprise & WB/8334 R.O. Kolkata Proposal forwarded to Head Office, New Delhi,clarifications and complianceProperties Ltd audit report called for

42 MIs Produce & Share Brokers Ltd WB/8342 R.O. Kolkata Proposal forwarded to Head Office, New Delhi,clarifications and complianceaudit report called for .

43 Mis Soorya Vnijya & Investment W8!8346 R.O. Kolkata Proposal forwarded to Head Office, New Delhi,clarifications and complianceLtd audit report called for

44 Jayshree Chemicals & Fertilizer WBI10B03 SRO Barrackpore Proposal forwarded to Head Office, New Delhi,clarifications and complianceaudit report called for

45 M/sHlndustan National Glass WB/652 SRO Howrah Proposal forwarded to Head Office, New Delhi,clarifications and complianceaudit report called for

46 MIS WB Mineral Development & WB/14758 SRO, Park Street Proposal forwarded to Head Office, New Delhi,clarifications and complianceTrading Corporation audit report called for

47 MIS Goodrick Group Ltd. WB/16448 SRO, Park Street Proposal forwarded to Head Office, New Delhi,clarifications and complianceaudit report called for

48 MIS G.D.Biria Centre For WB/19715 SRO, Park Street Proposal forwarded to Head Office, New Delhi,clarifications and complianceEducation audit report called for

49 MIS Mahadevi Birla Sishu Vihar WB/25928 SRO, Park Street Proposal forwarded to Head Office, New Delhi,clarifications and complianceaudit report called for

50 MIS Simplex Infrastructure Limited WB/29601 SRO, Park Street Proposal forwarded to Head Office, New Delhi,clarifications and complianceaudit report called for

51 MIS Genius Consultants Ltd. WB!34609 SRO, Park Street Proposal forwarded to Head Office, New Delhi,clarifications and complianceaudit report called for

I52 MIS Sekhawati Investment & WB/42486 SRO, Park Street Proposal forwarded to Head Office, New Delhi,clarifications and compliance

Traders Ltd. audit report called for53 MIS India Silica Magnesite Works WB/42487 SRO, Park Street Proposal forwarded to Head Office, New Delhi,clarifications and compliance

L.td. audit report called for54 MIS Blrla Seve Trust WB/42488 SRO, Park Street Proposal forwarded to Head Office, New Delhi,clarifications and compliance

audit report called for55 MIS Hlndultln Charity Trult WB/42489 SRO, Park Street Proposal forwarded to Head Office, New Delhi,clarlficatlons and compliance

audit report called for ~ --

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LIST OF RELAXED CASES ANNEX-O

56 MIS Sirla Academy Art & Culture WB/42494 SRO, Park Street Proposal forwarded to Head Office, New Delhi,clarifications and complianceaudit reoort called for

57 MIS Sangeet kala Mandir Trust WB/42496 SRO, Park Street Proposal forwarded to Head Office, New Delhi,clarifications and complianceaudit reoort called for

58 MIS M.P Birla Institute of WB/42500 SRO, Park Street Proposal forwarded to Head Office, New Delhi,clarifications and complianceFundamental Research audit report called for

59 MIS Eveready Industries Ltd. WB/5215 SRO, Park Street Proposal forwarded to Head Office, New Delhi,clarifications and complianceaudit report called for

60 MIs. The Institute of Cost & Work RO. Kolkata Proposal forwarded to State Govt, notification not yet receivedAccounts of India WB121500

61 Swar Sangam WB126941 R.O. Kolkata Proposal forwarded to State Govt, notification not yet rec~ived

52 MIs. St. Thomas Church School WB120401 SRO Howrah Proposal forwarded to State Govt, notification not yet received

63 MIS The WB State Co-operative & WB/14625 SRO, Park Street Proposal forwarded to State Govt. notification not yet receivedRural Bank Develooment

64 Sangit Kala Mandir WB/42493 SRO, Park Street Proposal forwarded to State Govt, notification not yet received

55 MIS Calcutta Club Limited WB/9408 SRO, Park Street Proposal forwarded to State Govt, notification not yet received

66 MIS. Hindustan Cable Ltd. WB/1651 SRO, Durgapur Proposal not recommended due to various irregularities

67 MIs United LinearsAaencies WB/44824 R.O. Kolkata Proposal not submitted ,68 MIs Emami Frank Ross Ltd WB17905 R.O. Kolkata Proposal not submitted69 MIs. DlIraaour Chemicals Ltd. WB/13537 SRO Durgapur Proposal not submitted70 Mis HSCL Ltd WB/12619 R.O. Kolkata Relaxation Withdrawn Stav obtained71 MIs Blue Moon Engg. Ltd WB/28393 R.O. Kolkata Relaxation Withdrawn Stay obtained

72 MIs Areva T & D WB/5111 RO. Kolkata Relaxation Withdrawn Stay obtained

73 MIs Areva T & 0 WB/5116 RO. Kolkata Relaxation Withdrawn Stay obtained

74 MIs Price Water House. WB/10406 R.O. Kolkata Relaxation Withdrawn. Stay obtained

75 MIs Fairlie Distributors Pvt. Ltd. WB/15751 R.O. Kolkata Under Liquidation

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LIST OF CANCEL~TION OF EXEMPTION I WITHDRAWAL OF RELAXATION ANNEXURE-E

SLNO OFFICE CODE NO NAME OF THE ESTABLISHMENT STATUS VIOLATIONS WHETHER PASTACCUMULATIONSITRANSFERREDTOEPFO

1 Relaxation withdrawnWB/10384 w.eJ. 01nJ2009 vide Various irregularities

R.O. Kolkata Ford Rhodes Parks & Co. order dated 2316/09 noticed Partly transferred2 Relaxation withdrawn

WB/1138 w.e.f. 1.4.2010 vide Various irregularitiesR.O. Kolkata Albert David Ltd order dated 141712010 noticed Partlv transferred

3 Relaxation u/p 79WB/11415 withdrawn vide order Various irregularities

R.O. Kolkata . Shri Ram Bearing Ltd dated' 29110/09 noticed Partlv transferred4

WBI11508 Relaxation withdrawn Various irregularitiesR.O. Kolkata Usha Martin Ventures Ltd vide order dated 2917109 noticed Partlv transferred

5 Relaxation withdrawnWBI15492 w.eJ.01103/09 vide order Various irregularities

R.O. Kolkata G.Oas &Co 19/212009 noticed Partly transferred6

WB/15888 Relaxation withdrawn Various irregularitiesR.O. Kolkata Gillender Arbuthnot Co Ltd vide order dated 9/10/09 noticed Partly transferred

7 WB/27651IMJ"'.t:llna r-ounoauon rt.e, Relaxation Withdrawn .vanous Irregularities

R.O. Kolkata School noticed Partlv transferred8 Exemption cancelled by Not Transferred

CPFC & notified on Various irregularitiesR.O. Kolkata WB/28 Caledonian jute 24.07.10 noticed

9 Exemption withdrawnWB/29018 C.F.L. Capital Financial vide order dated Various irregularities I

R.O. Kolkata Services Ltd 2419/2009 noticed Partlv transferred10 Relaxation withdrawn

WB/29270 vide order dated Various irregularitiesR.O. Kolkata Chamundi Fabrics Pvt. Ltd 19/11/2009 noticed Partly transferred

11 Relaxation withdrawnWB/48335 w.e.f. 1/4/10 vide order Various irregularities

I R.O. Kolkata Universal Trading Co. Ltd dated 23/8/10 noticed Partly transferred12 relaxatiOn WIThdrawn

WB/48345 Rameshwara Jute & Other vide order dated Various irregularitiesI R.O. Kolkata Concern's P.F. 13/6/2009 noticed Partlv transferredl_

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LIST OF CANCELLATION OF EXEMPTION I WITHDRAWAL OF RELAXATION ANNEXURE-E

,13 Relaxation withdrawn

WB/5027 vide order dated Various irregularitiesR.O. Kolkata Shaw Wallace Co. Ltd 11/9/2009 noticed Partly transferred

14WB/521Q Relaxation withdrawn Various irregularities

RO. Kolkata J. Thomas & Co. Pvt Ltd vide order dated 9/9/09 noticed Partly transferred15 Relaxation withdrawn

WB/5358 Air Conditioning Corporation w.eJ. 3113/09 vide order Various irregularitiesRO. Kolkata Ltd dated 2a/8/09 noticed Partly transferred

16 Relaxation withdrawn Partly transferredWB/5491 Karam Chand Thapar & w.eJ. 1/4/09 vide order Various irregularities

RO. Kolkata Brothers Ltd 6/10/09 noticed17 Exemption cancelled by Not Transferred

Ministry of Labour on Various irregularitiesR.O. Kolkata WB/8 NJMC (unit: union) 03.09.10 noticed

18 Relaxation withdrawn Partly transferredGlllanders Arthbuttnot & co. vide letter dated Various irregularities

RO Kolkata WB/15888 Ltd. 6110/2009 noticed19 Partly transferred

M.P.Blrla foundation H S. Relaxation withdrawn Various IrregularitiesRO Kolkata WB/27651 school vide order dated 23/2/10 noticed

20 Partly transferredRelaxation withdrawn by Various irregularities

RO Kolkata WB/48345 Rameshwara lute the RPFC on 13.06.09 noticed21 Relaxation withdrawn Not Transferred

and subjudice before Various irregularitiesRO Kolkata WB/5111 Areva T &0 Hon'ble HC noticed

22 Relaxation withdrawn Not Transferredand subjudice before Various irregularities I

I RO Kolkata WB/5116 ArevaT &0 Hon'bleHC noticed23 SRO Exemption cancelled by Various irregularities Not Transferred !

Barrackpore WB/36 &47 Nuddea Mills Co.Ltd._~ CPFC oJlj6.08.10 __ ~ed J

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LIST OF CANCELLATION OF EXEMPTION I WITHDRAWAL OF RELAXATION ANNEXURE- E

24 Exemption cancelled by Past accumulationsMOL & the transferred to CST, EPFOestablishment directed

, to comply with Para 28of the EPF Scheme'52

SRO and transfer the past Various irregularitiesBarrackp_ore WB/3S8 Nicco COrPoration accumulations noticed

25 SRO WB/11692 Tyre Corporation of India Relaxation withdrawn Various irregularities Partly transferredBarrackpore noticed

26 SRO WB/12794 Eastern Spinning Mills & Relaxation withdrawn Various irregularities Past accumulationsBarrackpore Industries Ltd. noticed transferred to CST EPFO

27 WS/12947 & Kalyani Spinning Mills Ltd, Relaxation withdrawn Not transferredSRO 10074 Unit: Kalyani & Habra Various irregularities Subjudice, pending beforeBarrackpore noticed Hon'ble Hiah Court Kolkata

28 WS/17118 Central Tool Room & Training Relaxation withdrawn Not TransferredSRO Centre Various irregularities Subjudice, pending beforeSarrackpore noticed Hon'ble Hioh Court Kolkata

29 SRO Exemption cancelled by Various irregularities Not TransferredSarrackpore WS/36 &47 Nuddea Mills Co. Ltd. CPFC on 16.08.10 noticed

30 SRO WS/368 Nlcco Corporation Exemption cancelled by Various irregularities Partly transferredBarrackpore MOL noticed

31 SRQ, Park WBl23955 M/S Assam Company (I) Ltd. Relaxation Withdrawn Various irregularities Partly transferredStreet noticed

32 SRO, Park WBI24973 MIS Macmat India Ltd. Relaxation Withdrawn Various Irregularities Partly transferred,

I

Street noticed i

33 SRO, Park WBI39785 MIS British Airways Relaxation Withdrawn Various irregularities Past accumulationsStreet noticed transferred to CBT EPFO

34 SRO, Park WB/42498 MIS Hindustan Charity Trust Relaxation Withdrawn Various irregularities Not transferred.Street noticed

35 SRO, Park WB/5205 MIS Stewards & Lloyds Relaxation Withdrawn Various irregularities Past accumulationsStreet noticed transferred to CST EPFO

36 Relaxation Withdrawn Various irregularities Not TransferredSRO Howrah WB/24719 Howrah Gramin Sank on 03.08.10 noticed

37 SRO Ranchi jJH/1089 Mis Tilaya Hydel Station, Relaxation withdrawn Past accumulationsDVC, Tilaya, JH/1089 w.eJ 01.08.09, vide Various irregularities transferred to CST, EPFO

. order dated 24.07.09 noticed ~----.-- -- --

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r':'" . LIST OF CANCELLATION OF EXEMPTION IWITHDRAWAL OF RELAXATION ANNEXURE-E

38 SRO Ranchi JH/1160MIs Ranchi Club Ltd .•

Relaxation withdrawn Past accumulationsw.eJ 01.04.2009. vide Various irregularities transferred to CST. EPFO

Ranchi.order dated 04.05.09 noticed

39 SRO Ranchi JH/334Mis Gornd-lv, DVC. Sindri.

Relaxation withdrawn Past accumulationsw.eJ 01.08.09, vide Various irregularities transferred to CST. EPFODhanbad., JH/334order dated 24.07.09 noticed

40 SRO Ranchi JH/337 MIs Gomd-ttl, DVC, Relaxation withdrawn Past accumulations

Jamshedpur .• JH/337 w.eJ 01.08.09, vide Various Irregularities transferred to CST, EPFOorder dated 24.07.09 noticed

41 SRO Ranchi JH/344 MIs Motor Work. Shop, DVC, Relaxation withdrawn Past accumulationsw.e.f01.08.09, vide Various irregularities transferred to CST, EPFO

Malthon. Chanbad. JH/344order dated 24.07 09 noticed

42 SRO Tlnsukla AS/620 Srahmputra Valley Fertilizers Relaxation withdrwn Past accumulations not!

vide order dated transferred, matter stayed by20.04.09 Continuous losses for 3 Hon'ble Guwahati High Court

---- -------- --_ ..._------ L _________ years __

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LIST OF DEFAULTING ESTABLISHMENTS ANNEXURE-F

SI Name of theNo. Code No Establishment Office Violations Noticed Action Initiated

WB/l037 Bijoynagar Tea Estate Jalpaiguri Default in payment to BOT7A has been initiaated. FIR lodged &

1 Prosecution filed

North Bengal State Transport1. EPS,Inspection charges from 95-96 to 08-

WB/ll092 Jalpaiguri 09 & for 08-09 onward not deposited. Proceedings u/s 7A is under process.2

Corpn.2. Evasion of contractor's employees

3 WB/1082 Joaesh Chandra Tea Estate Jalpaiguri Estt has defaulted in payment of dues Proceedings u/s 7A is under process.Default & records of BOTnot made available

WB/1083 Subhasini Tea Estate Jalpaiguri before squad as BOT is functioning at Proceedings u/s 7A is under process.4 Kolkata

5 AS/40 Assam Tribune Guwahati Estt has defaulted in payment of dues Enquiry u/s 7A initiatedA squad has been formed for conducting

Employees angaged by or through the compliance audit for the period6 AS/941 Mis NEEPCOltd. Shillong contractor not yet enrolled as member 2009-10 and submit report

Form 7PSand 8PSfor the last two financialyears (2007-08 & 2008-09) has not been

7 JH/1230 IFFCO,SAILLtd.Ramgarh Ranchi submitted. Show cause notice issued

PFbenefits not extended to all eligible8 WB/12 Jagatdal Jute & Industries Barrackpore employees Show Cause Notice issued

PFbenefits not extended to all eligible

9 WB/13 &16 Alliance Mills (lessee) ltd. Barrackpore employees Show Cause Notice issuedPFbenefits not extended to all eligible

10 'WB/17 Kamarhatty Co. ltd. Barrackpore employees Show Cause Notice issuedPFbenefits not extended to all eligible

11 WB/21&34 AI Champdany Industries Ltd. Barrackpore employees Show Cause Notice issued

12 WB/22 Auckland International Ltd. Barrackpore PFbenefits not extended to all employees Show Cause Notice issuedFailed to transfer contribution to BOTfor3/2008-2/2009, not credit of interest at par

13 WB/3S Meahna Jute Mill Barrackpore wIth the statutory rate Show Cause Notice issuedNot remitted the amount of account 10

14 WB/354 PremIum M.ro Exports Ltd. Barrackpore since 8/2008 Show Cause Notice issued

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LIST OF DEFAULTING ESTABLISHMENTS ANNEXURE - F

Not transfer the contribution to BOTfor15 WB/36 &47 Nuddea Jute Mill Barrackpore 3/2008-2/2009 Show Cause Notice issued

WB/38 &16 9952 Shree Gouri Shankar Jute Mills Barrackpore Pension dues not remitted from 3/2009 Show Cause Notice issued

PFbenefits not extended to all eligible17 WB/39 Naffar Chandra Jute Mill Barrackpore employees Show Cause Notice issued

PFbenefits not extended to all eligible18 WB/42 Prabartak Jute Mill Barrackpore employees Show Cause Notice issued

PFbenefits not extended to all eligible19 WB/52 Reliance Jute Mill Barrackpore employees Show CauseNotice issued

inspection charges not paid as per20 WB/666 Wimco Ltd. Barrackpore prescribed rate for 4/2008-3/09 Show Cause Notice issued

PFbenefits not extended to all eligible21 WB/9991 Agarwal Hardware Steels Ltd. Barrackpore employees Show Cause Notice issued22 WB/1651 Hindustan Cables Ltd Durgapur Non-deposit of contribution Proceedings u/s 7A is under process.23 WB/24S01 Oxide India Pvt. Ltd. Durgapur Non-deposit of contribution Proceedings u/s 7A is under process.

, Show Cause Notice issued & esttWest bengal industrial dev. submitted its compliance report which

24 WB/19145 corporation Kolkata PF not credited to the contract emp loyees was found to be satisfactoryPFbenefit not extended to all the

25 WB/24070 CCAPItd Kolkata employees as per rule. Show Cause Notice issued I

PFbenefit not extended to the employeesas per Sec 2(f). Recommendation for cancellation ofInterest has not been credited on MRB but exemption sent to HO R-Ex/WB/268 &credited on closing balance for the year 369/CC·VI/1918 dated 28/8/09. SCN

26 WB/268 Braithwaite & co. ltd. Kolkata 2008-09. is being initiated.27 WB/273 C. comens & sons ltd. Kolkata PFbenifits not extended to Job workers. Show Cause Notice issued

PFbenefit not extended to all contractual28 WB/29 Cheviot co. Itd Kolkata employees Show Cause Notice issued

scn issued on 16/12/09. Proceeding U/SOrissa mineral development PFbenefit not extended to Secutity 7A is going on for evasion of

29 WB/34595 corpn.ltd. Kolkata employees. membership~_-- -- ---

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LIST OF DEFAULTING ESTABLISHMENTS ANNEXURE·F

PFbenefit not extended to the employees Recommended to H.O. vide letter No. R-as per See2(f). Interest has not been EX-WB/CA/369/CC-VI/1918 datedcredited on MRB but credited on closing 28/8/09 for cancellation of exemption.

30 WB/369 Braithmwaite & co. ltd. Kolkata balance for the year 2008-09. SCNis being initiated.Contribution deducted from the salary of

Neo Pipes and tubes co. ltd. the employees for 2005-06 @10% instead31 WB/5940 (owned by govt. ofw.b) Kolkata of@12%. Show Cause Notice issued

Show Cause Notice issued & esttdirected to reconstitute it trust as per

32 WB/8218 Indian city properties ltd. Kolkata PFnot deducted on special allowance. para 79© I

Show Cause Notice issued & esttI

Karam Chand Thapar & Huge amount have been paid to contractor directed to reconstitute it trust as per

i33 WB/8219 bros(produce ex.div} Kolkata & Sub Contractor but PFnot deducted. para 79©

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CANCELLATION PROPOSALS FORWARDED TO GOVERNMENT ANNEX-G

Name of theSINo. Code No RO/SRO Establishment Nature of Violations Action taken

Proposal for cancellation of exemption forwardedWB/1 & to Head Office & a SCN issued by CPFC on

1 WB124 RO Kolkata Budge Budge A number of irregularities noticed 14.09.10Proposal for cancellationof exemption sent to the. Ministry of Labour on 01.02.10, MOL has calledfor clarifications and the same sent to RPFC on

2 WB/111 RO Kolkata Shri Annapurna Cotton Mills Loss for 3 consecutive j'ears 10.08.10Proposal for cancellation of exmption sent to the

3 WB/1129 RO Kolkata Calcutta'chemlcals ltd. Closed and various irregularities noticed Govt of India on 26.04.10Proposal sent to the Govt of West Bengal on

4 WB/1133 RO Kolkata Standard pharmaceuticals Various irregularities noticed 22.07.09

Company has suffered loss for two Proposal sent to the Govt of West Bengal on5 WB/1266 RO Kolkata The Statesman ltd. consecutive,years 2007-08 & 2008-09. 24.09.096 WB/1645 RO Kolkata Bengal Distilleries co. Ltd. Various irregularities noticed Proposal sent to the Govt of India on 01.12.09

PF benefit not extended to theemployees as per Sec 2(1) & Interest Proposal for cancellation of exemption sent to the

7 WB1268 RO Kolkata Braithwaite & co. Ltd. has not been credited on MRB Ministry of Labour ON 30.09.10Annual Ales due since 2006-07. PF not Proposal for cancellation of exemption sent to the

8 WB1273 RO Kolkata C. Com ens & sons ltd. extended to Job workers. Govt of West Bengal on 28.05.09Proposal sent to the Ministry of Labour on14.09.10. MOL Issued a show cause notice on

9 WB1288 RO Kolksta Bengal electric Closed and various irregularities noticed 23.09.10Company has Incurred loss for three Recommended to the Govt. of West Bengal for

10 WB/3484 RO Kolkata C.K. Sen & co. Ltd. consecutive years. cancellationPF benefit not extended to the

, employees as per Sec 2(1) & Interest Proposal for cancellationof exemption sent to the11 WB/369 RO Kolkata Braithwaite & co. Ltd. has not been credited on MRB Ministry of Labour ON 30.09.10

Proposal for cancellation of exemption sent to the[12 WB/45 RO Kolkata Soorah Jute Various irregularities noticed Govt of West Bengal on 13.07.10

Carritt Moran & co. Ltd.(tsai Company incurred loss in three Proposal sent to the MOL on 06.07.10. MOL13 WB/5093 RO Kolkata entp) consecutive years. issued show cause notice on 23.09.10

. Proposal sent to the'Ministry of Labour on08.09.09. Show cause notice issued by Ministryand reply to the notice submitted by the estt.

Company incurred loss in three Ministry requires details of investments and14 WB/5138 RO Kolkata Incab industries ltd. consecutive years. arrears of the establishment

Interest credited on Closing Blanceinstead of MRS. BOT suffered loss onredemption of securities and yet to be Proposal sent to the Govt of West Bengal on

15 WB/5204 RO Kolkata Stewart & co. made good. 22.03.10

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CANCELLATION PROPOSALS FORWARDED TO GOVERNMENT ANNEX-G

No investment made during 2008-09. A Proposal for cancellation of exemption forwardednumber of claims pending for to Govt of West Bengal by Head Office on

16 WB/5529 RO Kolkata New Central jute mills settlement. 09.03.10Bengal Chemical & The Estt. reporting loss for three Proposal sent to the Govt of West Bengal on

17 WB/556 RO Kolkata .pharrnacueflcals ltd. consecutive years. 30.04.10Contribution deducted from the salary

Neo pipes and tubes co. of the employees for 2005-06 @10% in Proposal for cancellation sent to the Govt of West18 WB/5940 RO Kolkata Ltd. stead of@12%. Bengal on 25.08.10

Company incurred loss for three Proposal sent to the Govt of West Bengal on19 WB1753 RO Kolkata Calcutta Photo type consecutive years. 12105/10

Rs. 20 Crores withdrawn from 80S Nc Proposal sent to the Govt of West Bengal on20 WB/933 RO Kolkata CESC limited without prior permission of R.P.F.C. 29.07.10

1. Interest not credited at par with the Proposal sent to the Ministry of Labour onstatutory rate, 28.07.09. MOL has issued a show cause notice to2. PF contribution not transferred to the estt and the reply received from estt has been

WB/2,27 & SRO Baranagore Jute Factory BOT, 3. Accounts of forwarded to RO for comments vide letter dated21 40 ,Barracl<pore PlC BOT for 2007-08 not issued. 10.12.09 & 18/05/10

Accounts of BOT audited by the sameauditor for more than two consecutive

SRO Anglo India Jute Mills Co. years, 3. All claims not settled within the Proposal sent to the Govt of West Bengal on22 WB121 & 34 ,Barracl<pore ltd. time limit. 2.06.10

1. Loss on investment, 2. Interest notSRO credited at par with the statutory rate, 3. Proposal for cancellation of exemption forwarded

23 WB130 ,Barrackpore Waiverly Jute Mills Accounts of BOT not issued, to Ministry Of Labour by Head Office on 14.06.10 ,Proposal sent to Ministry of Labour on 05/05/10 &SCN issued to the establishment by Ministry of

SRO 1. Investment pattern not followed, Labour on 25/05/10, reply of estt sent to RPFC for24 WB/32 ,Barrackpore Hukum Chand Jute Mills 2. PF benefits not extended, comments .

Proposal sent to Ministry of Labour on 25/05110 I

and MOL has issued a scn to estt on 01.06.10 ,ISRO reply recvd from estt forwarded to RPFC for

25 WB/384 ,Barrackpore Gaurishanker Jute Various irregularities noticed comments j

1. Investment pattern not followed,,

2. PF & allied dues not remitted for fewSRO months (2007-08), Statutory returns not Proposal for cancellation of exemption sent to the

26 WBn614 IBarracl<pore Tims Products ltd. submitted. Govt of West Bengal on 14.09.10Proposal for cancellation of exemption forwarded

MIs. Samnuggur Jute Failed to re-constitute the BOT after to H.O.and Show Cause Notice has been issued27 WB/64 SRO ,Howrah Factory completion of its tenure. to the estt. by CPFC on 02.08.10

Failed to audit Alcs of the BOT since2006-07.FaUed to issue Annual Ales. Proposal for cancellation of exemption sent to the

28 waee SFiO--,!-Ip~ah _ M/s3epp'nJntE!lT1~tiol1al since 200EHl7 GovtofWestBengalon29.07.10

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CANCELLATION PROPOSALS FORWARDED TO GOVERNMENT ANNEX-G

MIs Agarwal Hardware Proposal for cancellation of exemption sent to the29 WB/167 SRO ,Howrah Works Alcs. of the BOT has not been audited. Ministry of Labour

Alcs. of the BOT not audited sinceMIs. Fort Gloster Industries 2007-0S. Contributions are transferred to Proposal for cancellation of exemption sent to the

30 WB/1959 SRO ,Howrah Ltd. BOT belatedly. Govt of West Bengal on 10.11.09Proposal for cancellation of exemption sent to the

31 WB/28097 SRO ,Howrah MIs. Rishra Vani Bharati Auditors appointment not as per norms. Govt of West BengalProposal for cancellation of exemption forwarded

32 WB/375 SRO ,Howrah MIs Gondal Para Jute Investment pattern- not followed. to Ministry of Labour on 20.08.10Contribution transferred to the BOTbelatedly. Investment has not been Proposal for cancellation of exemption forwarded

33 WB/408 SRO,Howrah MIs Victory Iron Works Ltd made during OS-09. to Ministry Of Labour by Head Office on 04/08/10Proposal for cancellation of exemption submittedby RPFC and a Show cause notice issued by

34 WB164 SRO ,Howrah Shamnuggar Jute Various irregularities noticed CPFC on 02.08.10Monthly & Yearly returns have not beensubmitted. Audit of BOT has not been

WB1716 & done since 2004-05. Default in payment Proposal forwarded for cancellation of exemption35 5106 SRO ,Howrah MIs. Dunlop India Ltd. of dues to BOT to Govt. of West Bengal on 17.08.10

Failed to re-constitute the BOT aftercompletion of its tenure. Default in Proposal for cancellanon of exemption sent to the

36 WB172 SRO ,Howrah MIs. North Brook Jute Co. paYlTlent of dues to BOT Govt of West Bengal on 16.06.10Incurred loss for 3 consecutive years.Pattern of Investment not beenfollowed. Default in payment of dues to Proposal for cancellation of exemption sent to the

37 WB179 SRO ,Howrah MIs Delta Limited BOT Govt of West Bengal on 14.09.10WB/9516 & MIs. India Jute & Industries Company has reported loss for 3 Proposal sent to Ministry of Labour on 22.06.10. I

38 5135 SRO ,Howrah Ltd. consecutive financial years. SCN issued by_MOLI Proposal for cancellation of exemption sent to the139 WB/97 SRO ,Howrah Kanoria Jute Various irregularities noticed Govt of West Bengal on 21.05.09

SRO, Park Non-submission of Return. Investment Proposal for cancellation of exemption sent to the40 WB12083 Street. MIs. India Automobiles [pattern not followed. Govt of West Bengal on 01.04.09

SRO, Park Under continuous losses and Proposal for cancellation of exemption forwarded41 WB/9229 Street. MIs. RIC Ltd. liquidation. to Ministry Of Labour by Head Office on 16/09/10

19

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CANCELLATION PROPOSALS OF KOLKATA REGION UNDER PROCESS ANNEX-H

Name of theSI No. Code No RO/SRO Establishment Nature of Violations Action taken

Legal status of the establishment hasbeen changed on acquisiton. Compamy Recommendation for cancellation ofhas suffered loss for two consecutive exemption sent to Head office / draft

1 WB/l071 ROKolkata Khaitan India ltd. financial years. scn called for on 16.07.09Proposal received, however copy of

Under Strike. Various irregularities notification called for vide letter dated2 WB/24 &626 ROKolkata Jai jute co. Ltd noticed 02.07.10.

BBJconstruction co. BOTdid not follow the pattern of3 WB/275 ROKolkata Ltd. investment. BOTsuffered loss. Clarifications called for on 23.08.10

Proposal submitted however, copy ofnotification & compliance status called

4 WB/12 SRO,Barrackpore Jagatdal Jute Various irregularities noticed for vide letter dated 21/06/10Interest not credited at par with thestatutory rate, Proposal received, however copy of thePFbenefits not extended to all notification & compliance audit report

5 WB/1S SRO,Barrackpore Kankinarrah Co. employees. called forProposal received however, copy ofnotification & compliance status called

6 WB/19 SRO,Barrackpore Naihati Jute Mills Interest credited @8.43% for 2008-09, for vide letter dated 16/06/10

Proposal for cancellation of exemptionAuckland International submitted to Head Office and

7 WB/22 SRO.Barrackpore Ltd. Various irregularities noticed clarifications called for on 23.06.10Proposal for cancellation of exemption,submitted to Head office however copyof the notification calied for on

8 WB/264 SRO,Barrackpore Texmaco Ltd. Statutory returns not submitted. 27.08.10.i A draft show cause notice called for19 WB/35 SRO,Barrackpore MeghnaJute Mills Various irregularities noticed from RPFCon 28.06.10

,I Proposal for cancellation of exemption10 WB/360 SRO,Barrackpore Ramsarup Utpadak Various Irregularities noticed submitted and is under process.

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CANCELLATION PROPOSALS OF KOLKATA REGION UNDER PROCESS ANNEX-H

copy of notification & compliance status11 WB/42 SRO,Barrackpore Prabartak Jute Mills Various irregularities noticed called for vide letter dated 01/06/10

copy of the. notification & ComplianceStatus called for from the RPFCon

12 WB/46 SRO,Barrackpore NJMC, Alexandra Various irregularities noticed 12.05.10

Details ofcompliance called for vide13 WB/48 & 55 SRO',Barrackpore NJMC, Kinnison Net loss incurred during last three years letter dt. 24-5-2010.

Proposalreceived however copy of theNJMC, Kinnison(Head notification & Compliance Status called

14 WB/48A SRO,Barrackpore Office) Various irregula rities noticed for from the RPFCon 24.05.10Proposal received, however copy of the

1. Investment pattern not followed, notification & compliance audit report15 WB/52 SRO,Barrackpore Reliance Jute Mills 2. Securities not dematerialized, called for 21.06.10

Proposal received, however copy of the1. Investment pattern not followed, notification & compliance audit report

16 WB/663 SRO,Barrackpore Saraswati Press ltd. 2. Huge amount lying uninvested called for on 01.06.10

Agarwal Hardware Proposal for cancellation of exemption,17 WB/9991 SRO,Barrackpore Steels Ltd. Various irregularities noticed submitted and is under process.

MIs. Amrita Bazar Under liquidation and default in Proposal received, however copy of the18 WB/1267 SRO,Park Street. Patrika ltd. payment of dues to the trust notification called for

Proposal for cancellation of exemptionMis. Kalimpong Non-submission of Return. Investment submitted to Head office and is under

19 Wa/7710 SRO,Park Street. Confectiona ry pattern not followed. process.Copy of notification called for on

20 WB/33 ROKolkata Birla Jute Various irregularities noticed 03.08.10-_.-

?,1

)~) .• )~)~)_)_)_)_)_)_J_)_)_)_)_)_)_)_)_ )-J-J-)-)- )-J _) _) _). ) ). ) - )

.GENERAL STATISTICS OF EXEMPTED ESTABLISHMENTS ANNEX-I

NO OF ESTISVIOLATING

TOTAL NO OF NOOF ESTTS NO OF ESTTS NO OF ESTTS CONDITIONS OFSLNO REGIONS EXMP ESlTS EXEMPT U/S 17 EXEMPT U/P 27A RELAXED U/P 79 EXEMPTION

1 CHANDIGARH 11 7 0 4 72 DELHI (S) 67 31 4 32 173 DELHI(N) 154 68 2 84 504 FARIDABAD 30 24 1 5 55 GURGAON 29 0 0 29 186 HIMACHAL PRADESH 9 4 1 4 17 KANPUR 141 72 3 66 468 LUDHIANA 11 8 0 3 99 MERRUT 49 29 0 20 810 UTTARAKHAND 20 7 0 13 12

NORTH TOTAL 521 250 11 260 173

11 BIHAR 37 34 0 3 1912 JALPAIGURI 10 6 0 4 413 JHARKHAND 73 50 5 18 614 KOLKATA 431 325 31 75 20515 NER 13 11 0 2 1016 ORRISSA 53 38 4 11 24

EAST TOTAL 617 464 40 113 26817 CHATTISGARH 12 2 5 5 1S!18 A~MEDABAD 48 41 4 3 3119 SURAT 18 16 1 1 _Jil

----

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)-)~)-)-)-)-)-)-)-)-j-)-)-)-)-)) )-) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

OVERVIEW OF ALL EXEMPTED ESTABLISHMENTS ANNEX-I

NO OF ESTTS,-

VIOLATINGTOTAL NO OF NOOFESTIS NOOFESTIS NO OF ESTTS CONDITIONS OF

SLNO REGIONS EXMP ESTIS EXEMPT U/S 17 EXEMPT U/P 27A RELAXEDU/P 79 EXEMPTION

1 CH/-\NDIGARH 11 7 0 4 7

2 DELHI (5) 67 31 4 32 17

3 DELHI(N) 154 68 2 84 50

4 FARIDABAD 30 24 1 5 5

5 GURGAON 29 0 0 29 186 HIMACHAL PRADESH 9 4 1 4 17 KANPUR 141 72 3 66 468 LUDHIANA 11 / 8 0 3 99 MERRUT 49 29 0 20 810 UTIARAKHAND 20 7 0 13 12

NORTH TOTAL 521 250 11 260 173

11 BIHAR 37 34 0 3 1912 JALPAIGURI 10 6 0 4 41

13 JHARKHAND 73 50 5 18 614 KOLKATA 431 325 31 7S 20515 NER 13 11 0 2 10

I 16 ORRISSA S3 38 4 11 24

EAST TOTAL 617 464 40 113 26817 CHATIISGARH 12 2 5 5 1518 AHMEDABAD 48 41 4 3 319 SURAT 18 16 1 1 6

------- --

'O?>

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).••.).•)••J.) .•).•)_)_)_)_)_)_)_)_)_)_)_)_J_)_)_)_)_)_ )_)_)_) )_) )- )-) ) ) ) ) )

OVERVIEW OF ALL EXEMPTED ESTABLISHMENTS ANNEX-J

20 VADODRA 21 19 0 2 132:1. MADHYA PRo,DESH 34 22 4 8 722 MUMBAI-I 221 136 17 68 2923 MUMBAI-II 99 75 11 13 224 MUMBAI-III . 59 32 4 13 1325 NAGPUR 22 14 1 7 1026 PUNE 82 61 5 16 1227 RAJASTHAN 50 27 3 20 6

WESTTOTAL 666 445 55 156 11628 CHENNAI 55 51 4 0 2729 TAMBARAM 18 10 2 6 830 MADURAI 14 11 0 3 631 COIMBATORE 29 27 0 2 632 BANGALORE 48 31 3 14 2,33 MANGALORE 25 22 3 0 934 PEENYA 48 28 5 15 1835 KERELA 64 47 15 2 9,36 HYDERABAD 49 39 8 2 9]37 NIZAMABAD 6 5 1 0 538 GUNTUR 48 41 7 0 3339 GOA 8 8 0 0 040 GULBARGA 10 8 1 1 8

SOUTHTOTAL 422 328 49 45 140I GRAND TOTAL 2226 1487 155 574 697

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td the same accountinq and funding' rec::auil:e«leIitsl"'rlr'~n,"''''''I'Y\'''.nt'c:, Accordingly. ther ar~within the'rnritr ••r.t with th~ insurance ~omp~r1Y,is in the

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""n .•r>"n"'....,.'" 'on or after tennination Iof ~""'rvll""".lncome'i()r I:lS ~ lump sum) when

;J~b:NlllrClIS them, ,f,an be ~teqnined or .eS1timate~dIIOvisions6f a doeumentorfrcm the Arll~if1""c,nr'2'l"itrr

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'.Q~tir.t~dconttibtJtion plans .are'retirement •.•.••.••.••.Ifif

as retlremenf benefits, ere IiIA,tA,"",linAIiI,';lklll colllfrilbUitioli$to'letltler wlUt 'OYe'StIn"t eamtng~ •.h•••...,.,.••••

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y ba~ed on employees' earni~gs aridl<~ry~ar~ ~f selrvll~e-,~:. ~, • 'I . I ' '," :, ~

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;<.. '~ " ': , .~, ...' I ,', ,I. , '..: ~ . t~~~;,,~.purposes ofthls Standard 'the following te.rm~

i ".,'".\. , ',!.,.' :' ..: ','. 'I : I ~I., ;i>'~ .,n""',.",.<JI . . ~re themembers .of a retirement benefit

,to benefits under, the 'plan. / \;, ~;,.:., i I t I • • .' . • I ,'-. .' • '\, . ~~ ~ .',

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1YElll~!aSSC~IS\eveitebte (or benefits ar~·the assets of ta 'planCI\",~u.':1I present value of promise~ retir.~f1lel)tQ~I)~tl'.~\,': .,::' 'l.t; :}t:

RGI[Lttl,rlal present value of plOmised retirement benefits is •.n",.\n'rA"' ••n~exoecteo payments by' a retirement benefit plan .to11P)[j~~oyees, attributable to the servlce already rendered; .:

( ;:' • : I .', .: '. ~•.r!~~~"{~"i.~~~~,vp';~'P'fJbeiJefils are benefits. the,rlghts to which, under

ei)t·benefit plan, are not,con.ditional on continued en:lpI4()Vllnel1lt.I ~ ',' ','. " .

. ',. , ~ I I :;' • • I \~, ,<~t: -: l .)',.iP.~:SP.Ii!1i~'\,'retir~ment benefit' plans have sponsors other';

.appties to the financial,statements of .sl.i.ch',' '. j, .• ji:: ~

·.""IIVlU,n n:.tirc!>Mloi, ..••.,t benet.t' plans are,based on formal' a~r'~~~'~rn,""n'rC!have .acquired a d~r~e of obligatiQn {.as

'While .some~plans pel~mitr~·lmp"9.v~OiiMthe plans. it is' usu~lIy' difficult for an prrlnlt'lv,,·r:.

l{,;~!Mi)lo~,eel$.are to' be retained. 'T~ same' basis, informalplan as to a formal plan .

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lV','reltlre~m4ent benefit' plans' provide' for the. ~.~tal:)Ii~:hn'Ar'Hir.f

are made and.out of which OenelrllS,ar:e"'PI"'.~~1stered by.parties who act independen~lyin ",~_s.o

:T ••.t- ••••••n,~nu::•.•:: are called trustees jn some countries. The .~..•.••'''~i4'~.f:? desc.ri~ such parties regardles.$ otwnlett!e,~,a H~!lI'~'!U5~1

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;lR.~~tJm.e11tberi~fitplans a~e normany'described ;:a~.benefit 'plans, each having their

exist that oontaio.1iharacteristicsbe defl{led benefit Plans for ttle

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~:''''.d~.''''';otiiect:ive of reporting bya definedcorltrllJuliion·r••••.',rft'\:,,;ti"" about the plan-and the perfori:naIIlCE~tofiit$;lrnti::~t~iEitlts.twlhc,,,,,,,'''~'''''''Jacbieved by providing'finaflcial

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a note disclosing the actuarialretirement benefits, distinguishing' H"AhAlp.p.n 'v"•••t".-ti

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\' report. " I'.' •. ' 1"; 1 I .;

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fi~'actuarial ~ah.iation has not been 't :'1'the' most recentvafuatlon

valuation 'disclosed. . r ;.-:~':l . i . .' .~' I',Ii , .' ", .

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.lr£iltir'li'l.,,,c:.nt benefits sli~li be based 01;\the plan 'on service rendered to date',

pr projected salary· levels with ,disc~f any changes in actuarial ass. -III the actuarial present value Qf nr.runi ••a,ti r.c:.I'.'.6r •••••.n •..·n""'n6'~'"''

I'.al;so~be,disclosed. ' ! .'. . " ".

I" '.: ~.. "1':',. I 'I:. I . ~ ~ ,'])~' fi~ancial.~tatemerit~ . ,sh~1I explain ;<the "'r 'elli!lU~.n!';FlGtuariaJ present .value of promised retirement, belne1rlts

'::rVlfi\'~ITfor be?~f~ts, a~~ ~he'~~I;iCY for '.thl7~;:'i .

!U~dW,,,;dGfin~d !'qenefit plah: the p~YrQentL~o('prc)mise(Utletit'emleht tbEinetl~$'~I~~,:'~~s~on the:'~na~cia~,pPsi~iQnof the plan; ~,

future contributions to the plan as w~1 as ', 1 I· I "~: '.· efficiency, of the plan. ' , I'.' ,

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.1 Ai defi~ed benefit plan 'needs '1he periodic advice of'I'nnan~al, condiudn of the' plan, 'review 'the. 'c6htribution levels.' ' i '. .·i , '. t ~ , ;; " . I

,'lihe ~bjEtctive 6f: reporting. by ~defined benflfit pic~n•, ;nfonriation' about ,the financial resources and ', "II .'. I' J.

~ssessing the relationships between the' acc~nluljatioIM~)fm~~~~,I,m;;e;;I' beriefits over time. This obj~Gtiye' is U;'I~liY,' "",,.r••,••.' •.••lI'I" ';st~tementsincl'rl~,in~ the following:J I .., ,1L : I: . i ,,' :. ,. ...

(a) ~~.a~description of .signifiCant .activities for: tIle'f.' I:'.ctlan~~s -relating to the pian,' ~nd .!fs' ~rr'".g,...," ••••r~,hi..•.'>·. "I 1\llcbndlttoA~;' . , " ., ""1'1' 1';", . I.' ';.' . . " '.;:': \';:!

,'(b) '. f ·,~t~teinEmtsreportin~ 'ori:th'e transadioris knci i•.••l,..;••tl •••.•., ••~.· \' 'I.' i' !~e perio(f~nd th~ flnanclal position of~. ";, :': ,1,:', : . .'.. I • " : ' ...' . ;.' f" L .~c)'. ,i ~ctuarial ~informatiOI') eittler as part Qf , "'~t~ru..;.,;",

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.: '." t ,~I It I' I.·...',bl ~~'v~,ri~lli:~res~ntvalue of'~romisect ritir~:· ", ~ y,:-r'" '.', .,. " .fi·.. I ' .::.' >."j ,,··KII.' ' " ,.,' +'.'F.r. "fti~:p,resent'yalue of.the expe(;teppayments by a r~tir,,,,.,,,,,,,,,,,,,,,'.'''''''-'-+i.',.1 '#~\¢.4lated:,antlreported !-Ising current salary levels/or, pf()ielcted·'l,l'~?;~etime o,fretirement ~f pa~icipants. . " -.~:. f .. ) tf' ,r ,',"f I,' ',.,' ." . ", ,.}. l; ;:.t.

l';,"Jh~f~aso~s.given tor adopttns ,a c~~rentsalary, aPRfo:Cl~· ~ ~. ,~I,l~)/J: I" -. • • , . , '. :t:qLf+LL) n: 'the ~Ctuarial present value ~fpromised retir~O:te'n~:DeJnel:ats,~'nE;m~:.'J) .' . ':'.'' of ,;theamounts presently attributable toq:i, ;., ',' be calculated,more objectively than with~T.. ') ,involi,(esfewer assumptions;' , '.~'. f

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~r . '\ t /" ..., 'i increases in' benefits attributable to a' .I'; I ,'oblig~tion 'df t~e plan at the time of the ,.,"; 1 I :'.....1-

.. ,.. ' . . "f-., :tl;te,'Clmount of the actuarial present value of

" '" u~in~ current salary levels,i~ ge,nerallympr~. ~ . p~yable in t~eevent of ~~r~lnatlon.or,I i I, • I •. •

I, II Igiven for adopting a proj~ctedsalary' -,..,,,,.•"","'-.'I : i ..': : I 1 t . ;:' I \ ~ I I

: i financial imormation should be.., 1,lirrespectivepf the assumppons and ocolfi •••.•••••••••

e

., : ,~ ,I . ~ ..'':,',. ~~9~r final·.pay plans,' bere~ts are rI",fo,.,,,,,i,,,.'o,4:.h,viI'.,.t'l=Oi'jOI,",,,co

lt'ri

. " tir .near retirement date; hence salan~es~" "I fei4m must.beprojetted; an~ , i

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'i;"1 ' failure to'in¥orporate sal.a'ry projectiqns·,··'lIvnen"U .\~.alaryprojectio~s.•IQay ~esultin the ., , , ~hen the p,lan IS not ov~rfunded. or; In

;the plan is und.erfu'1de~,' '::i .·If ,".'!'

i2""IlUi2IIIi21 present value o~protrised pi.",.lr'An"b"'''t It)erlefi.t~

saLcaries,is disclo~ In the' firianc;ial . '~~~~J~~d111Q~'~~~~~~~!~~~~~~~~1[Or;fbertefjlts.••.'.•rn~.,.-to the oate ·ofthe finanCiaOi

•..•IJ,"'r", •.•.•i.'brI retirement benefits based ;ptc)lelbtE!itnialiiH(;~s:Ilna:~te(l1le magn~ude oJ.th.e,potentialUUII,YClI.IUIII

"""';U~!3\1\1 the basis for func;iing.In addition to UI:::r,~I\JI:SUI

ni~oo. retirer.nei'tt~nefits; " .' vnll~",btiinn'''''''~u

lIVI'OJII'"'' to in9i~te cle~rW,tile cont~~ I,nXOcinlsEKi retirement' benefits should be~;m'I"'fllinfl"",l",,fij~ abou~the' adequaCy'of.

based on sala~ .projectionS,.u;,.,~h.t•.•or in the actuary's repOrt.: ~

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different practices in the ul""~'Y."',411,9~\~U~i ..IPlre.~;erataltlol~·fl. l' , •.' • .~.

., \ . '.~"i;l'~.p.t~:tll~~,h~,I. Ii ,I

statement is included in the TlnclOQlillclJiJCllmrn~lm~t-a::;sel[S' "avallable for ',benefits. the '.N•."',..·.J·lJ:'"

,rAtlrpnrlpr,t' benefits, 'and thestatements of the plan also contain ,~rQ,""",ny.",

. 'i , available for benefits and change~',.IP., I;i promised retirement, benefits.', The i ','; accompariied by a separate actuary'~r present value ofprcimised retirementhAI,,'Ofj,tc!'#I· ,- . '

'\:\ financi~' statements; that includ~ a' ~'1t~~~~~rt\IIbenefits and a 'staterven~ of .ctljan·~iesin A~R'~~V~ll;l1lbl~t! it; The aqtuarial present value of oromtsed rAtilrAln •••·l"lt;;h1:!i:nafit." cti~iQl()~!;~:'1r a' note . to the etatements, ",e ,fi.n~c!r;ij:;i.~~1t!J~~.~~.m~.Q!t~: ~ accompanied by a report from'an ~v'UClln

'ff'value of promised retirement nA~''''hY«:'"it i. '. I •

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,,,: financial statementsthat inc,ludea st~ltem~r}~i,' l benef~' and a .staternent of chalige~ l"Iet}~5;setSl'ElVi~i!:c",,,,,,,,, " with tf\e actuarial present value;of n',rn' ,mlC:An •.•••TI'r ••••..•.

r; \ I in a separate actuarial repo~. I"~,I ' , ' , ,I "',. • \ ...: I' I ••.• . '.. .

,ea\fa f~t, a trustees', report In the.•[}!,.t'!o"'10 and an=,lhvestment report mayalso gPl-nn'n~lnCtth':~:-filii':'in""i

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in favour of the formats described't' '., It·

lan1Jfic;atio'nof promised retireme,{ltnt:>,,\,,,,nyCI, those approactres help users to\fllj:~~~,

. ,likelihood of the plan's pbligations, s\al~ments .~.ould be 'complete in. themSlalvE~"~Ul(J••.•,...•..4r',.'";I. statements.However, sorne.belleve that, coI,lIdgive II1e Impression -thzt a ,lia~lity:"v~I~~of ~.ised· 'r~t~rement benefits:;.characl~ of a liability." .' .'.1 I I : , . I 1,.l ."J .. ~. t J •

~';Those whO t.ivQur' the I format ,de~icriIJedi.~11')R~Iii\9rpt~tlilJlh,""".\,~t'I'•.• I: ~ _ ••

. :. actuarial ~nt value of 'promised .a' statemer4'of .net assets' available for'~:,c~'~~I~j~~!~~j~~~~

'. ~aragraph ~a) or even be I .. r;It'

: wi~tF~red directly. with plan asselS.{ilt\1~it4i1Qb;,,\' , " . ", .. I. "'" '.' I, ' " '. "" ,,1. •.I ,",I.

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marketable securitles fairn\U~<e:hn"lr\tc: arehetd for which an"esti

shanbe.made of the reason '.1;' :-, I . ~ , I' I ," ••, 1.7-" • ~

Vt;thei;~se of m~rk~table 'securities fair. YC :.'" 1.1•••. 1,10;,

.thls is considered the most useful measure ·nT(':rnA

'. qf ~e investment perfo,rmance for t~ePeI1OQ.tIUxed''tedemption value and tha\ have, been,. 'plan, or specific p~rts thereof, may be.~fl1~IR11~

1,'ltilm~'.1~orede value lassuming a ••nl"~'~.:"~~~~.'I.T"''''''·1n\l'~dmAnlc:. are held for which an ..,..,.f·in.,,,f ••.'·,,,

pwnership of an ~ntity :,disclosure iC::;"'YH:I"rtA~j

To the extent that, I"l" lIPc:tm,Ant'c::,

. 'Or fair value, fair .value 'isl">nI.:>.r"",tlnr,c:Qf the fund are accounted

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app.e(ldix isl.not a part o(the AcCO,unlinf1 ptandard.: i1ii purpqse' of this'only to bringOut the mejor. differences, if anYI betw~en PropOsed ~ccountiQg:

';36 (I~s4ed 20XX) and' the coirespond!ng(nt~rnatlonal Accotlnti!lg,'36. Acco~~ting af1~ Rep,orting by Retire,ment ~e.r~qtf!frf:' I r. ~',.

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, witlr ,JAS," 34,· Accoun't~Pfr'al1'1;: ;;~eeorting .byt, Benefit Plans,' ',: :" j',i ! j', ,lli1'1:,I'II,:,'; :.; I ~": ,~.:, l' ' ii' I. . .,I ~.~~ , I j; I .' :'~'1~ -: lli ,-.i~' .' " fI -

rpajqr differe~c~ between ~heDraftof AS 36 (ls$lJeg ~9XX)t~Ccountipg.anct.:,Retiremel~tBenefit '~/aris and Intemation~1~Cf~unt~n~an~~fdl('A~) 3~~~

:Report~ng by Retirement Benefit ~/ans~ :' (~ U d'l r~'i( -: h· !:>•. 1 • U 1 I H?':! t" ::i

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RPFC.:-II(Exenl;::.tion~HO)

Gener~ll~ccr.:::tary, AITue

Sr. Mana' cr. : ;,:lIrl1:·r and Lawrie

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Secretary .A\ ~JTUe

M::'nage.r, KG. Thapar & Brothers

C!.i r.,lIs;::L ,.,'.; ,'1Lawrie

j-Jic;,;'lager ;:. C Tbapar & Brothers

Manaqer MIs 8ata India

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j' ,At 1.;1e outsetSh. P.K. Mishr~ RPFC(I) Kolkata welcomed all the rnernors and guests., :I "He' .then requesled the Chairman of the sub-committee Sh. Sankar Saha to give his

,""--"""'---::(.i~~lt~,;",:;, -.' ,1.\1 I" ~~.~I!:j··"~i;.l'_·' '; JO~,ug~~a,IClddre3s.,'i'.',:r.(:, ': '"i)\'.t-!.':""'>, ,:" ,. ;" . ': ,:':", ' ,: S,~;,s.,~n.~~~,"S~h~i :~fy1emher::~,!?TI ,~PF.O: and Ch~irman of the Sub-Committee on

, ,Exempted ,Estr61i~hmenl$~welconled all the participants and mentioned that this is the, 'r'!' '.:" • \1 "',.' q ',:",,.. ",! .1,"/ ",' "'" , .• • 3, meetinqof t~:~1r~99.n,~t!,~ute.d,su~- committee a~d expressed his hOjJ? that I~aders of, ,tr,e Cen~ra' ~ra9E1 ,~~I~I)~::'a~,w~11as r~~re~entatlves of the Ex.empted establishments" ~~~r,~tl~~~IS iW\~~1~1~I~i9~~I,I~~,xpr7ssthe~~,ylews about the workmg of the PF trusts and

-,"",)\I~."'l ' ',: i!~~WJW,f~,T;~.m~:~0~li~!rwr~,?,~hir,h:0~~.,f~r7 ~ bf:sis for further discussions.

• .B.p'.P~~t~~lp'!!>e(l',~~J'EPFO agreed With Sh. Saha & ~tate~ that thl' ~II theen'~)~oy~~~; ,~, ~i~nl~~l~r~~/epres~ntcltive~ present In the meeting should be given a

ar:ng b,;(,thls t!)mrni . ;h!,::' ", "''j' - "rl"'" llj~'("':! t~ ,·~c.;· t,,' " .'

, 'M~,Jag~i~;h'~'~:~lr-i~~~;·~:¥~.~~er.;,CSTt EPFO in his opening remarks mentioned that he, s:'beenl requ~i~~\ng,'l~{?{this meeting for a long time a~(! stated that the members

~sbc'uid h~~r al.\1':r?e~jf~pr~sentative$ and note down their views subsequently the'; di:: Cl,ISSlo~,'ont1~:?-.t,g;;~!o~;!1~an,take pi Ice.

,(~,n.'.a.L. +~di ':~~0~~~~q~~,EPFO aqreed' that the format of the meeting is good, and, stated that any I.E·\I!V~~, :s~,19gestions,call be put up in the CST for further •.•iscussions.':hi "I') 1;1; • ;:, ,t i " 11'! i .':-".,' , '

, :':~,tr;~pr~~r:ta,:il'9~~~rm~B~y (CITU) .ex~.lai~ed ~at. " iaj~r irregularities in the, '\!iilP,:~rn:n,al~or~::,C:~'~)ljli~~?,ur laws are cemq seen I,n(the Jute. Industry.of West Bengal., '!~,h,(; 'ne~~ ~f,th~,\t:l.f~f\~I~~~~ t~e PF Act should be e~forced stnct~y specially to exempted

'!l/nits, bur-:'c':' ·tl1q' s~me:; time wherever possible exemption granted to these~:~~t~bIiShn)~nl~ :~i+iUI~~ipb(~ewithdrawn as employees suffer the most after exemption

.. iswithdrawn. <,'l:, \i~:1 ':,'

_"",,,,,,,,,,,'"~';l;:·f'urther\remir~.;;d '\l~~at'in Ko;k,li:! the erstwhile State Electricity Boards have been, , :' ,\'1,1\, , •llconverted{geme:r::;Jr1c:tjm~~(pOrporatiO!)S and accordtn~l~ they n~ed to a~ply afres~,::;~;V:~~:V~,;~k~~\ULOf1~(e~Pled 9ra"led to su, h electricity estabhshme nts In K0I~.0ta IS

, It; ';-,'1 -0 ic,! ~,:;! \,"'" " , " ,• ""S~, R<:l:',ajjtGulla l,\IT:9.C) statec tnat exemption should be give'n only to establishments

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-. r:l:€'re the P.F beGI?fits:ii=ire',not les s f:.:!vourable than the PF scheme. He mentioned that, u;,.: fo!kw/in;J probft:m~;exist in the exempted establishments in Kolkata:-

J " ; ~ l! ;i : .: ..:\' ,~~,.(i) Electic.is to .he BOT are not held timely.(il) Ernp:c, ees' representatives are nomina.eo without any election.(iii) In the casG,,(,f f3il!a Jute Mili=-. elections have not been held since a long time.

, (iv) Members {:f OOT disappear after misappropriation of funds~ ~.: .' ,. ,

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~~,\!;,~ii (v)' Inspections are not conducted regularly~:""'O (vi) Procedure for transfer of funds of members is cumbersome. :\::} (v.ii)lnvestments is made WiU10:Jt adhering to the pattern~·;t··, , : '~I.':·;'I· .'. .-:',.. . ., ':.rl'~""... 1 '\ • . 'j. •. ';'\~' . ·'1 '.fi;'U :,Sh.8 P P~nt Member q,~r.slJggested that exempt;;·\ should be cancelled in such

~ , ,; cases however the int8,~!!Prl should be to make establishments comply with the rules asit is pnly th:~members ·~h9:sulfer the most if exemption is cancelled on sl'!'all issues .

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I,~\~·.~.i~t';1ir~rp; i,~~:F~a:~~I!1f~rmed' that in respect of Birla Jute Mills, ''l.emption::cancellatic;'~l 'proposal ~as:falready been sent to the Head Office and the same is under

, : " " ;. I 'J\\t~?:' :,.: i:·..Sb~~charj~e Senior Mi:ii.tl.ager. [~ulmer Lawrie, informed that their trust is well managed

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'·';~;;;~~W;:;,i~lsP~:fNW1~'!df.r~i~'.~~g ~Ic;lj. regularl~ by EPFO. He sugge.sted. that af~er an:,."i.~~t~P.:hshm~~~,~;~\m'?I~~1~~1{p,arlflcatlons/rePlles to t~e EO's observations It should get a

:' coinmunic~~tIQn "fr()rri~FO as to whether their reply has been accepted and tne.. , .: :' .t 'it' , .

observ 3tions have :1Jc:\~r1i::c;l:roppecl~;m~~',i~',ii',~;"~,,.!' l ~: ,,' '. ::11iHl~-: .: .

Sh>'~wapanDasC,JP~t~~O~n'~I'll Manager, BATA, staled that although they have some•. ·Ptp'.~.I·emsr~gar(Ii.I)t; s~'H~melll of tile pension claims they are receiving regular support

: ! • and.coopcratjon r·.f EP~O';offiCi:'l!s to sort out the issue at the earliest.. :. ~. .:, ;'. ';:\\: i;:: '.'. .

:. Sh. M. JClWiishw8rn R~o;l;Mel11ber CBT mentioned that as regard the views of Sh. Guha"', '" ,,11.,,· .!' isconcerned he c gre'~9 :it~at in many esiablishrnerits elections to the BOT are not being

. held regularly. He :urtl:i~(stal(::d that alth0ugh many exemptions are being granted but'. 'I

. .at the same '1ime defaUlts' are also incressinq leading to suffering by workers for which•. :'. pr6SeCUlL)~' '~'/s 1tr shd~ll~ be Lh.:d againsl1trustees also in addition to the employer. He

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,.' '~YQge~ted \t~at :sl.l:t·ici~mnpl;lmber. of EOs .should b.e posted for inspection. of exempted'. ~~ta~llshl:lt~lts or~;3 r~~~;I.~~b~sls a~d C;J1 vacancies of EOs should be filled up along

•••••••.•.:J•• II\""·,·.,!,..witha revl:lo~ of n;:.rnl:~{?T.their postl~~

'; Sh. Guha remark..«: th~~ara evaluation shou'd be done 3S to whether the existing laws. are sulf! .:;,:~nt'(Of: f',i, !~l]l~gall I",el +ioles. He :"!.'; .qested that Inspection observations and

.'H ..:':ODI': : ••ll~(:' 'II~_'; (lll~PFO s;:clIld alsc !~,~:!S'.:I: to the [)OTs of exempted trusts.. '!i1: " •

:.... •...• "'. . iii"Sit rv1.,1;r:.Jdis!l'.,'n·cif:.(~ornentior cd tha:,:ircul;Js and correspondence from EPFO goes

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. " ". ,:: to:: t!.-le.n:311!aW~~:lCil'·f(~!Wit istbei: dutym circulate it to 311t~e trustees of the BOTs. ;'Ie" ~.tated tn~t the tr.utees thernsc'vc s <b not d=mand the Circulars and are not aware" . ,Ii

.;/ .. about th.~ arnendrnontsjand new ueve.l~4nellts .. ' I: .:. . 'l",

.' ~.:·h F\Clll.!;:t CAll ~1..I:l~tested !;';,11 eirel/,s st'I' :!d als. oe posted on the website and. Kolkata : :liu:! Si;:'1 lei li'ave itsov.n we!::···o Icr .llCr. puuoses.

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---;l:~j~,:-,Sh. Dilip Bhatta+iarya, Secretary (AIUTUC) mentioned that their organization shou! : h:'!""' \() given representa..on in the Regional Committee of the West Bengal State. He stated

" that thousands of workers ale not being covered under EPf, In West Bengal. 95%r'\' :,', workers in factories are: contractor workers, however these workers are not being;' \>:::':!j : 'c~ver~c('urider the Act. He mentioned that the following issues require urgent attention

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i~Jh' I.~ 'in West Bengal reoion: ~:"" :,

J~t/)ii~ In Jute imILl3trie~l~h'ere is huge under coverage.I;';'~ il! - Employees' trustees Cl' e also being nominated and elec'icns are not being held

~,~; ::\':: ,Te.gu:,I~,rIY.., " ,: : : l~'~~l;;:;'!:\lnve~'tmkht~ are' ~:ot.'proper e.q. in Jute Industries investments are being made in~'~1'.:n: ..private banks and hence strict rnooitorin ; is required on this front~'l.;H>',.,:: Pension i. .rlso a problematic area and workers are facing hu~ -: difficulties li1

~\:'[.. ~' avallinq 'th:;i' pen~ion~;r i .~. " n . .

J}l. "Sh, S, Gupta (K.(, Thapar) ~'ited that they cornply with all the statutory requirements.;:f'l:~~"_':i.:\' He stated that, a~~tI1G:;patb~rn' of investments as notified by EPFO & Income Tax arei~~iwilldi'ffereri(a~·d "as \:1.~y h~'ve'to comply with Income Tax authorities also, compliance with

ll,~rf:\':~:h:::;t:~::~:t::'t~:~l,:>,:~~::ga:::iC;:~blems can be sent in writing for furtherl~i,;;;,'~:'III-ex?rriinatid~', .,i '''il : -:.~ ,~~(F::'; .' I

~':":jt~,",!,1':":':'I;"'\"":":'; Sh. S Gupta req.n-sted that .uvtil and unless the new rate i.e 9.5% is notified by the. ,'_.S;overnr:nent it s!~", lid riot be ;':nding and a cl~)rifiC'ltion may also be issued by EPFO in

~;:'i;;.::'" t;~"i3 regard. He;,,:() sugges;:::d that 1(,,')additronal interest should be in the form of a

-M;;:-'~>;>;!; bonLJ~ ~a~~€)f,t~,ari,:1na~!\~,g.it as the new stat~tory rat~, as Income Tax is to be deducted~kJ.:,~-:.beyond 8,~% as PH In?ome Tax department s new circular.---,:~t.,;:'" ,; . , ,', ',:. ,

;~!'M.T;,:l Sh. Prasanta Chak: aborty (CITU) mentioned thnt the relaxed establishments' exemption'\q';I'~)':~l:proposals 'shoulo ~"e~inalized:'lt the earlies~ in vk:w of the dead.line of 31112/1 0, ~Ie-.1 ~{HN; :1' sugg~,~.ted!that t-_F'Fq,\ should Involve and Inform the Trade Union members whilejJ~~I~IJ!,sc'l\dl'ng sqli~d~ f(;fdet$~ting (Inlier coverage in order to ensure better results.

'-d[{:':',iO::; sr. Saba ~emark::'(' ti~'~t'he hJS taken lip the',,"; all issues specially with 'reqards to the

-~ :': .' jii:~'- mills 'sit:, Rpr~ -'-itKoikat;:l en a number 0; times and have also prov.Jed details of,....l ~'i-,:.~~;,.... 11H:111bersili)tenr',~ .c.f 'tor Pf- :,) EPt:O, As L ,';ii':iS rate of interest the same will be

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~ !: 1!1i1lized v(~ry son, i ,,!lhollgh t:'rc v.-il! be diff:uiti,:~sbr exempted trusts, but statutory~If',

r.1t~;'.viII have to b,! credited L,' dll. So tar as 11'.:;(jme Tax issue is concerned in it has to, ,

be discussed in the relevant couumttee of the EPFO., ;

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r-.,: Sh. Saha irformed that MIs CESC have withdrawn Rs. 20 cr.uos from SOS, ,I i ..

~ .hout permission of the ~PF~ which is 'the reason for recommending Its exemption

JA';i~!nc~n~t~?~: ~fth~!State ?~veri.~~,Ilt. ,~.>. .;.',;":,- H_e'further stated that there is a need to ensure coverage of 100% employees in

~~'ii,;aI1,e~tabi\?pm~nt~;'fPf Vy~ic~l t?FO shoi.Jl~·take active steps. Sh.Saha mentioned that~: }:th: ~Ituatlo~i~fl ,yyest B~n9.~~i~~,.comparatively better however more effc 's are needed:-~qhrom all: '.EPFO'I RSlcl ~;;'r:~~torrO,irect~~ate should conduct joint insp.iction of such

~;F~:e~t~~lrShmThlt" h()weJ'~,rrtH~,/~9~ories,:: \?~partnF;nt is not very co-operative in thi's

~:~ 1(~:.~p,~~t:o;::li.Ii hdU}:':. ;:j \. (:,;.." :~:r' ';,L:' , ,. '. _~:;':! ~..'~)' C': l.: ShS a stated 'that another arealofconcern was the meager amount of pension

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-\1~I\V~~}.r9\·gr,al).~,~ J?;I,f:1.;~ ~l~~~~~r~,~~lc~h~S; to. be~ddressed quickly and the pension,):I!r~shoulg be h. d 'vllth, Ul~i<;0'1§umer priceindex. '.

~,:r:i'l:;i;-':.;!li.i; :';11:~1 . '~'·~l}\.~)'Vf","" d:~", . .d('hJ;s:~~:~C.J~~;(,·,~~V.,~f~,f.~R~M~8tiiC?h~d'tha,~~~..comprehensive report has been submitted

"I ;,.~;:j:regardmg P ijSl0nllNhiCH willbe discussedin the CBT.;;,;:::\;;\:' ";!}';>\ ~:J!lliHTt::,',! H r;·:::,·· " ':::-.:. .' ..' . "

l;:~n)r.?~i~dr~laQ.f, ':;4~\~lj:;~.;th:F1Vt,e?~~enda itetlls:.~an ~ow ~betaken up/or discussion.

rt.ti\H::~~e_!~:d,a,,'t~ri!Nd \:-nt',%§\!q'r.\ l8,kel,1 staf,!(,n,ent in respect of 29,h meeting of the sub-

1::;\(i;,'~!CoMj?i,ttE~e~f 8l\-~~:,'~:P~n?~,.~~e,lrpt,ed;es\abliShnicnts , .•,

~. }Y!T~i·tM.,Jag~i~~~~~P' R?p'me:,ti;on~d tha, s6n,6 more time is required for discussion for':;' ;:';':-rICA1's draft'f~por:t f nd h~r1,ce\'.'8 can defer it for the next meeting.

~\l!:\Il:~haj,,"an. ~~fJ~~Ht~l~k~~~g~stibn ofSh. Rao . He stated that in futuro II concerned.l::' :;;:ltR~r.S(I)S s!1oUi-1,,1:;0 ~TI~nv!;ted for, exempted c,olllinittee meetings, ."" .. '\ ' .",".,.'" ' ·,1,,, I • , ," I .'..... '\. ~ \ ~ '/., • ',' I. • '.' : 1.10' ,.. , " •-:'~,;f::r~g~7~~a'it~~, ~~o,r- ~~<:,t,usReport on tne Exempted Establishments of West Benqa],1:5.-':)::lU;:l~R,~Jh(;l,r"np'lp; : :I,.lr',;,:'.: " . ,.J ''.' " '; , ~1 • . , .• c' . i(' 1 1 f' , •

l:)~~k~il~h.!\~.'Jag~i~hW~(a ~~~~,,~n8Uired.as ,0 why all the ~xempted .es.tablishillents in Kolkata-';,1:":;:f~-;:reglon could n(·t 1·(; ·,tn~pected dUring the last cornptiance audit :$h.S S Prasad (RPFC-rl\,:T)n; p;n):?!~rified. ;U13t .:~,sm~l:lW'exempted establishn rents wp.re inoperative or closed th, y(, ';l~L~ould,not b¢ \n,sp'€:.c:edld~ring'thela:;t compliance audit.

"1~i~~n:j:SI~".~: Jad1)~'~~;hht,-~'1b': mentioned that all exemption, proposals should be verified

~~\,X.~~I[d,with:r~9~rd~tQ'1~~ ,pol~k:th.~Ck'ist prescribed by, MOL and only cases satisfying the~t:}t:;· :cI}eckpolllts; shou.d bc)recomrn::ndecl for exen.ption. He also slJ[!~ested that trustees

',to . Ii •.':. ~} '. ," ..•.• , • ( '. 'I· ':t". _: '~j::i~!:!'shoutd also; be hdl'i ,eci:qally-responsible and picecu~'2d for defaults and violations asI.; . 'i- ',4' • '. "' I

:f/~i.:,H:p~t':~Cribed.~,n~~r;:t,(: i~~~y,8ndtherefore show cause notices should be sent to trustees

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Jf:[jj1i· i,:Sh. pant stated tll'ate~~mption i:sto facilitate service and reduce workload of EPFO..~~':b'1~,ence~f1)~I.L~i~l:ation~.if;,not repetitiveJn nature should not lead to cancellation of. .... .exemption. .: ; . . '. .

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.:::';';Sh.Tel; statedthat hEuigrees .wit~ the suggestions of Sh. Rao that notices should be:':~t~nl to thr ~~s~e~s 8:1~'?i':·~t\.P.an\~h.iie agreeing to th-3 suggestion mentioned that this~1\:.~~~~11~~9~/~\ffl {E1~o.:~:~I :el;r~7d, by,it!:li~.,~<?ml';',mi~t~e. I

,':~t~b.~::X~~:h~jc~~~~tl~~';:~:~~~~;~~:~;~s~:e~e:~~n:~~~eh~~~~u~:,~,~:~~:~S8fd'. . 'l··ql.!.:,.; 'i,L"".·,· .•... '.. ".::. R30mJ,~tici,'~~d t~~t~s:th~{e':~~redear ptd~isions in the Act in this regard we should

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{~~~Uy·hk'p-k::~li(~b:'ifi:id 'that 'In,' k61kata reqion the show cause notices are.~endU'I]h~~·9ar·.\I~f.lrti:st~esalongwith i.he employer..' I

1 H!HflPj:; ': lJl!'r:~.:;·': : ," ." '\" !:lh8"'r' .h1a~I~E::d~~\:.Ia's:M,'s':NBTC is a"defaulter. whether prosecution has br.$n

; 1l~8~~ltRqlt.::. \:d~\fj~.~"<~:·.FlJfti),b.r.th'(:r~ ~Ii~uld not be any discrimination betweenIIc ~\n~'ph~~~,~.'01~'t~~?'!i~~i;)(~I'lt~~asr~gard~s'Initiation of prosecution and other actions. n?~f1~p.{li'p .f.l!t.~:f~:.~i.)e;etiilg~info:rmatio'~'~egarding PSU & private default's should

eprovlded ..:. ll.:l;:~ , .) I

~.~~~~~.~lt:~:'. l.i~:_ ,~.~. :' .",'.. I.T odim~p~i~r~~~dtn~:U:p'WesJBeng,81 Jute Mills are in deep losses, to which Sh.

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•,.' of f.l'1v:t?~:;;rho\t\~r.~I~?0:mentioned .i~~:the agenda in future meetings

anda Iten; No :'Z:- Progr'ess of grant of c:ernptions. ;!~U·lt'J;.' '.1 :,l;j::':::: 'n:ii.tJ . ". . '. i·~~i~TI:~\?!;,Fa?T:~$.gf-~;;Edtry,~.t..~Jtexei11~t~onprcip~sals should first be r~uied. through ~?e.:ri:', '!'exempted commlttcc.l Sh.Saha clariflec that as the exempted committee IS not havinq. ;,'"1:: '. ,-,. 1 }t ". i ',' ..:.. i .' -'_' •:~.: . . , :- . i

(:': l'a~y;.~dmi~i7~~~ti\!e,p·o~~,~.~ndc,,~onIY ~~~.ge~~and recommend arnendr-ents it has ?O. rfll,..C}.~ctate tp,~ppr~w;3ond.ls~pprove exemption proposals;:; ~,.~-.},.::. f "~ ~:>:~.:~';: . !.:,. ~:. 1 .'~ . ':

.>+,,-.,. ••.••.•. , ~nt.rD~nt\9:lr~·Jttl~tJn~yroc~ss otqrant of exemption needs to be expedited .. ' .' L;:,~;!;L!;;'\ 1;!;1;",;:.<:·} '.' \

••. ···,'71:'-ao·: stated' th::EPFO,:; has'lto be very careful while recommending exemption. ~',;~l'! ".' .1.:!·~ ....>"t .. ~~ ~.:.1 . :

rTrr'uu""als:as:defa: Its'i~vlolatioris are also increasinq. Sh. Pant mentioned that as the. ..': I. • . ~ '. -; t ..' - !

ie Taxdeac' ire _ip~omjp~Jup grant of exemption needs to be expedited. .I . .:;;. ; '. .~·;:L~t·. '.

. Sh. S.:·,urClbhJa~::<·ti. ;(RPFCll, clarified that as per Ministry's directions the latestcompliance audit ;8[1011 are being tho: (')uDh1y scrutinized for compliance to revised'.cdO.ditlOilSand ony tI .en cases are put up to CBT.

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2..04i' I~·~:I '-,"~\~q , ,~IIIf ,: Sh. Rao,'mentioned that establishments having branches should be inspected for1::: ~ cornpliance of L-',',:Iditions of exemption in all its branches and after thorough scrutiny theNt, ..9~$es should be put up before CST.2Ji! :l;:""~~: i~~ha irema rked t~a t ,in the case ql "NTPC the contractor .chanr··' every yearl,<A~) IIhowever the er:nploye~~:ar~ same a., rl result all the P,F & Pension accumulation are~>~':~~11\~~ing settl~d e~cry ,Yt.~r~h~~~e~E!r._~TPCis not having any hold over such contractors.

;+~r:'~h.S'0 X~Vi':'I.Ul1d~/S~'Dci~':H)' Ministry of Labour Government of India mentioned th~t

,"",~'!Ila'\'li;\ ~.~i W:~~~~,rr(:' ~,~iQ~J. ~~l~{!P:l.i".hed ?nly for r~gllla'r employees !:~nce if th,e contractor :is::!.li~1) !I' separately' Covered It, has to comply with EPFO, He clarilied that In such cases',,;.j; :-'~ • "I ::; ",...' ; ~': • I

'")'jl~IIH';'R.?.vervn'1~\ li~I~I~p~tl,~Ri~~~mptl~n only for ,a category of employees, however a!:: a, "!,'I B ,::p~q~~c..i~~1r!:;rJ\G) Y.r it,' ;i~ ~;t~~ir 9uty to ensure the compliance in respect of U, rir\\! ~,~ ,::~: ~~~~~a,ctors: ':\illplOyee~ also. ! I

A,t>~Ir.,tk::';;!\:;'t:1i;;: j,j.!,I·,I\:;·;:\:r:,·',!. '" ";: ,:TI: ,f;" Sf' . .'Rao : \T1e~t,lc)ned,:~hat -before recommendlnq exempt' -n to an estabfishment,

-':,,~l,::'C~lllpli8nce inl resped~ ;of all the workers should be ensured, He stated that he liS4~J~/'~is::,atisfl(:~d' \·;!th the 90IT)~lial1ce of tile exempted establishments as nearly 50% 'ofj~nj(;::'; ~SLlb~I~;im:i.,' -, :W} v~~l.atlng C?ndltlons. hence trustees should be prosecuted ~or....,:'. .•.,1.\.'., stnpotn(lv'("!',I")!\':', ,,1\' , •

{'" ,,'. ' " ~ - . , -, I" Ill~}t~,~i~;iC:hairman' 8\)reed :witpl ~l;'Rao and stated that this committee expresses its conc~rn..-:,'t:f.~~t:~;:;'c.lbDut H1(>II':: l~a:'llIg defaults .,,::d ouer.ts the [ PFO tc· be more vigilant. ' ;

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i;~:~!~'i~l:)$,JLM, JagdI5h"'fpra:,ra8.rclYla,i<ed t.iat \,.'i;l;lh~r c:,iI eXf:m.pted establishments ha:Je~~~,:)n~,' . employee tr :;t',"':":i. or rotl w!v:~rher regular n;.~:dI119~::me being conducted of the trust,:~!Hn<.:v.hether 4li'!'),;:;m 'rnen.ts and circulars issue. i by [;"FO have been adcoted/dlsplayed

. '\r : ',;I .',.' •• ~ , -• • .' .

~~j;7~~~k~;'"b:1 the e~.tabjishri\:!nts; also ,needs to be vertl'ed,' In thi~ context ,EOs' s!10uld take, t~e,IJ:\;\,. Vi "':IS of nil ~"8 r.ipresentauves of the Trade Unions while recording their observations1111\,j:: eluting thec'inplGnr.e:audit. .

~,~I:f,.,;::,·I',·.P':"".~,.',i':'~"I~:"'. !~ll:r.balnt Sl"I::~d tll~t ~t;h~~O~S'dl:O~ <:lgrefet"hWiEU'O'tho b,;t suggestion as it is not practically~ ~}' passl, ,e anr '? 1'101 In, nejuns iction 0 e s.~;r'Frr,' ; .

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