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Sahara India faces Rs 1,181 cr PF demand at Lucknow | Nagpur News – Times of India

NAGPUR: Subrata Roy’s Sahara India, which is already facing the heat from SEBI, now has a Rs 1,181 crore provident fund (PF) demand. Following a high court order, the Lucknow office of the Employees Provident Fund Organization (EPFO) has deemed all ‘commission agents’ of Sahara India as ‘employees’, requiring payment of their past PF dues as well as penalty for late payment. The demand of Rs 1,181 crore is just the assessment for 2010 to 2012, and the amount would be much higher when the dues of earlier and later years are calculated subsequently. The Sahara-EPFO story began in 2012.…

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CBT meet on March 4 to discuss PF interest rate

Since CBT’s first meeting which was held on February 5, 1953, Srinagar was never a venue for the meet.The Central Board of Trustees (CBT), the highest decision-making body of the Employees’ Provident Fund Organisation (EPFO), will have its next meeting on March 4 in Srinagar, to discuss among other things the interest rate on provident fund deposits for 2020-21.“The exact time and venue of the meeting will be intimated shortly,” the EPFO wrote said to the CBT members. “The agenda of the meeting will be forwarded shortly,” it said.However, sources said the CBT may discuss the rate of interest for…

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