Bus company MD held on charge of PF default | punjab | Hindustan Times
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Bus company MD held on charge of PF default

punjab Updated: Feb 25, 2012 12:13 IST

Sleuths of the Regional Provident Commissioner's office have arrested MD of Pritam Bus Service, Paramjit Singh Mithapur, for allegedly not depositing provident fund of employees of the company.

According to Regional Provident Fund Commissioner Viswajit Sagar, the company, which is now defunct, failed to deposit Rs 48.38 lakh dues of its 92 employees as the company's share towards the provident fund from 1998 to 2005.

Mithapur was arrested on Friday by the sleuths of Commissioner's office.

The company was issued notices many times, directing its director and management to deposit the GPF of company employees but no one cared for the notices issued by Regional Provident Fund Commissioner office here, following which authorities took stern legal action against the defaulter company which ceased to function in 2005.

Sagar said that the office had to recover Rs 82.58 lakh, including interest, on provident fund amount.

He said that the authorities were also seeking assistance from the district administration to arrest other company directors to realise the entire amount of GPF due towards the company.