LATEST NEWS UPDATES | Sahara India under EPFO scanner for payment defaults-Surabhi

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]

Code Context



        trigger_error($message, E_USER_DEPRECATED);

    }

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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]

Code Context



        trigger_error($message, E_USER_DEPRECATED);

    }

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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]

Code Context

            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

            } else {

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</span></span></code>
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-The Indian Express
&lt;/div&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;br /&gt;
Sahara India, which is already being investigated by market regulator Sebi, has now also come under the scanner of the provident fund department and is amongst the top defaulters of the Employees&#039; Provident Fund Organisation (EPFO) in the country.
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
Five of the group firms including Sahara India Financial Corporation and the former Sahara Airlines are part of the top 50 companies in the country that have defaulted on depositing contributions to the Employees&#039; Pension Fund on behalf of its employees.
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
Official data reveals that in total, the Subrata Roy-promoted group owes Rs 3,341.67 lakh to the EPFO as dues (see chart).
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
These largely relate to the Employees&#039; Provident Fund (EPF) linked Employees&#039; Pension Scheme.
&lt;/p&gt;
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Under the scheme, 8.33 per cent from the 24 per cent provident fund contributions (12 per cent as employees&#039; share and 24 per cent of employer&#039;s share) are deposited.
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
According to the Employees&#039; Provident Fund Act, it is a criminal offence for an employer to deduct but not deposit employees&#039; provident fund and related contributions. In such cases, the EPFO can also seize property of the defaulter to recover dues and the defaulter can be charged under Sections 405 and 420 of the Indian Penal Code.
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
Significantly, Sahara India first came under the EPFO&#039;s radar after it published numerous advertisements in national newspapers that boasted of a 10 lakh plus workforce.
&lt;/p&gt;
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Following this, the provident fund department had asked the group to furnish details of its employees.
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But the Lucknow headquartered group then approached the Allahabad High Court against the notice. It was however directed by the High Court earlier this year to submit all relevant details to the provident fund department.
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
More than one email from The Indian Express sent to Sahara got no response from the group.
&lt;/p&gt;
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Sahara is already under investigation the by market regulator Sebi in a refund case involving over Rs 24,000 crore it collected from over three crore investors.
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
The Securities Appellate Tribunal is understood to take up for hearing sometime this week an appeal by Subrata Roy against a Sebi order to freeze his assets, along with similar appeals filed by two Sahara group firms and three other directors.
&lt;/p&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;The Indian Express, 22 April, 2013, http://www.indianexpress.com/news/sahara-india-under-epfo-scanner-for-payment-defaults/1105753/0&#039;,
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-The Indian Express



Sahara India, which is already being investigated by market regulator Sebi, has now also come under the scanner of the provident fund department and is amongst the top defaulters of the Employees&#039; Provident Fund Organisation (EPFO) in the...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-The Indian Express&lt;/div&gt;&lt;p align=&quot;justify&quot;&gt;&lt;br /&gt;Sahara India, which is already being investigated by market regulator Sebi, has now also come under the scanner of the provident fund department and is amongst the top defaulters of the Employees&#039; Provident Fund Organisation (EPFO) in the country.&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;Five of the group firms including Sahara India Financial Corporation and the former Sahara Airlines are part of the top 50 companies in the country that have defaulted on depositing contributions to the Employees&#039; Pension Fund on behalf of its employees.&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;Official data reveals that in total, the Subrata Roy-promoted group owes Rs 3,341.67 lakh to the EPFO as dues (see chart).&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;These largely relate to the Employees&#039; Provident Fund (EPF) linked Employees&#039; Pension Scheme.&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;Under the scheme, 8.33 per cent from the 24 per cent provident fund contributions (12 per cent as employees&#039; share and 24 per cent of employer&#039;s share) are deposited.&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;According to the Employees&#039; Provident Fund Act, it is a criminal offence for an employer to deduct but not deposit employees&#039; provident fund and related contributions. In such cases, the EPFO can also seize property of the defaulter to recover dues and the defaulter can be charged under Sections 405 and 420 of the Indian Penal Code.&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;Significantly, Sahara India first came under the EPFO&#039;s radar after it published numerous advertisements in national newspapers that boasted of a 10 lakh plus workforce.&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;Following this, the provident fund department had asked the group to furnish details of its employees.&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;But the Lucknow headquartered group then approached the Allahabad High Court against the notice. It was however directed by the High Court earlier this year to submit all relevant details to the provident fund department.&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;More than one email from The Indian Express sent to Sahara got no response from the group.&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;Sahara is already under investigation the by market regulator Sebi in a refund case involving over Rs 24,000 crore it collected from over three crore investors.&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;The Securities Appellate Tribunal is understood to take up for hearing sometime this week an appeal by Subrata Roy against a Sebi order to freeze his assets, along with similar appeals filed by two Sahara group firms and three other directors.&lt;/p&gt;&#039;,
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-The Indian Express
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&lt;br /&gt;
Sahara India, which is already being investigated by market regulator Sebi, has now also come under the scanner of the provident fund department and is amongst the top defaulters of the Employees&#039; Provident Fund Organisation (EPFO) in the country.
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Five of the group firms including Sahara India Financial Corporation and the former Sahara Airlines are part of the top 50 companies in the country that have defaulted on depositing contributions to the Employees&#039; Pension Fund on behalf of its employees.
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Official data reveals that in total, the Subrata Roy-promoted group owes Rs 3,341.67 lakh to the EPFO as dues (see chart).
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These largely relate to the Employees&#039; Provident Fund (EPF) linked Employees&#039; Pension Scheme.
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Under the scheme, 8.33 per cent from the 24 per cent provident fund contributions (12 per cent as employees&#039; share and 24 per cent of employer&#039;s share) are deposited.
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&lt;/p&gt;
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Significantly, Sahara India first came under the EPFO&#039;s radar after it published numerous advertisements in national newspapers that boasted of a 10 lakh plus workforce.
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&lt;p align=&quot;justify&quot;&gt;
Following this, the provident fund department had asked the group to furnish details of its employees.
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Sahara is already under investigation the by market regulator Sebi in a refund case involving over Rs 24,000 crore it collected from over three crore investors.
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The Securities Appellate Tribunal is understood to take up for hearing sometime this week an appeal by Subrata Roy against a Sebi order to freeze his assets, along with similar appeals filed by two Sahara group firms and three other directors.
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-The Indian Express



Sahara India, which is already being investigated by market regulator Sebi, has now also come under the scanner of the provident fund department and is amongst the top defaulters of the Employees&#039; Provident Fund Organisation (EPFO) in the...&#039;
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-The Indian Express



Sahara India, which is already being investigated by market regulator Sebi, has now also come under the scanner of the provident fund department and is amongst the top defaulters of the Employees' Provident Fund Organisation (EPFO) in the..."/>
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                <strong>Sahara India under EPFO scanner for payment defaults-Surabhi</strong></h1>
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                <div align="justify">-The Indian Express</div><p align="justify"><br />Sahara India, which is already being investigated by market regulator Sebi, has now also come under the scanner of the provident fund department and is amongst the top defaulters of the Employees' Provident Fund Organisation (EPFO) in the country.</p><p align="justify">Five of the group firms including Sahara India Financial Corporation and the former Sahara Airlines are part of the top 50 companies in the country that have defaulted on depositing contributions to the Employees' Pension Fund on behalf of its employees.</p><p align="justify">Official data reveals that in total, the Subrata Roy-promoted group owes Rs 3,341.67 lakh to the EPFO as dues (see chart).</p><p align="justify">These largely relate to the Employees' Provident Fund (EPF) linked Employees' Pension Scheme.</p><p align="justify">Under the scheme, 8.33 per cent from the 24 per cent provident fund contributions (12 per cent as employees' share and 24 per cent of employer's share) are deposited.</p><p align="justify">According to the Employees' Provident Fund Act, it is a criminal offence for an employer to deduct but not deposit employees' provident fund and related contributions. In such cases, the EPFO can also seize property of the defaulter to recover dues and the defaulter can be charged under Sections 405 and 420 of the Indian Penal Code.</p><p align="justify">Significantly, Sahara India first came under the EPFO's radar after it published numerous advertisements in national newspapers that boasted of a 10 lakh plus workforce.</p><p align="justify">Following this, the provident fund department had asked the group to furnish details of its employees.</p><p align="justify">But the Lucknow headquartered group then approached the Allahabad High Court against the notice. It was however directed by the High Court earlier this year to submit all relevant details to the provident fund department.</p><p align="justify">More than one email from The Indian Express sent to Sahara got no response from the group.</p><p align="justify">Sahara is already under investigation the by market regulator Sebi in a refund case involving over Rs 24,000 crore it collected from over three crore investors.</p><p align="justify">The Securities Appellate Tribunal is understood to take up for hearing sometime this week an appeal by Subrata Roy against a Sebi order to freeze his assets, along with similar appeals filed by two Sahara group firms and three other directors.</p>               </font>
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    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68049c14b45a7-trace').style.display = (document.getElementById('cakeErr68049c14b45a7-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr68049c14b45a7-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68049c14b45a7-code').style.display = (document.getElementById('cakeErr68049c14b45a7-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr68049c14b45a7-context').style.display = (document.getElementById('cakeErr68049c14b45a7-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr68049c14b45a7-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
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-The Indian Express
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&lt;br /&gt;
Sahara India, which is already being investigated by market regulator Sebi, has now also come under the scanner of the provident fund department and is amongst the top defaulters of the Employees&#039; Provident Fund Organisation (EPFO) in the country.
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
Five of the group firms including Sahara India Financial Corporation and the former Sahara Airlines are part of the top 50 companies in the country that have defaulted on depositing contributions to the Employees&#039; Pension Fund on behalf of its employees.
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
Official data reveals that in total, the Subrata Roy-promoted group owes Rs 3,341.67 lakh to the EPFO as dues (see chart).
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These largely relate to the Employees&#039; Provident Fund (EPF) linked Employees&#039; Pension Scheme.
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Under the scheme, 8.33 per cent from the 24 per cent provident fund contributions (12 per cent as employees&#039; share and 24 per cent of employer&#039;s share) are deposited.
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According to the Employees&#039; Provident Fund Act, it is a criminal offence for an employer to deduct but not deposit employees&#039; provident fund and related contributions. In such cases, the EPFO can also seize property of the defaulter to recover dues and the defaulter can be charged under Sections 405 and 420 of the Indian Penal Code.
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
Significantly, Sahara India first came under the EPFO&#039;s radar after it published numerous advertisements in national newspapers that boasted of a 10 lakh plus workforce.
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Following this, the provident fund department had asked the group to furnish details of its employees.
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But the Lucknow headquartered group then approached the Allahabad High Court against the notice. It was however directed by the High Court earlier this year to submit all relevant details to the provident fund department.
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More than one email from The Indian Express sent to Sahara got no response from the group.
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Sahara is already under investigation the by market regulator Sebi in a refund case involving over Rs 24,000 crore it collected from over three crore investors.
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Sahara India, which is already being investigated by market regulator Sebi, has now also come under the scanner of the provident fund department and is amongst the top defaulters of the Employees&#039; Provident Fund Organisation (EPFO) in the...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-The Indian Express&lt;/div&gt;&lt;p align=&quot;justify&quot;&gt;&lt;br /&gt;Sahara India, which is already being investigated by market regulator Sebi, has now also come under the scanner of the provident fund department and is amongst the top defaulters of the Employees&#039; Provident Fund Organisation (EPFO) in the country.&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;Five of the group firms including Sahara India Financial Corporation and the former Sahara Airlines are part of the top 50 companies in the country that have defaulted on depositing contributions to the Employees&#039; Pension Fund on behalf of its employees.&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;Official data reveals that in total, the Subrata Roy-promoted group owes Rs 3,341.67 lakh to the EPFO as dues (see chart).&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;These largely relate to the Employees&#039; Provident Fund (EPF) linked Employees&#039; Pension Scheme.&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;Under the scheme, 8.33 per cent from the 24 per cent provident fund contributions (12 per cent as employees&#039; share and 24 per cent of employer&#039;s share) are deposited.&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;According to the Employees&#039; Provident Fund Act, it is a criminal offence for an employer to deduct but not deposit employees&#039; provident fund and related contributions. In such cases, the EPFO can also seize property of the defaulter to recover dues and the defaulter can be charged under Sections 405 and 420 of the Indian Penal Code.&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;Significantly, Sahara India first came under the EPFO&#039;s radar after it published numerous advertisements in national newspapers that boasted of a 10 lakh plus workforce.&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;Following this, the provident fund department had asked the group to furnish details of its employees.&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;But the Lucknow headquartered group then approached the Allahabad High Court against the notice. It was however directed by the High Court earlier this year to submit all relevant details to the provident fund department.&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;More than one email from The Indian Express sent to Sahara got no response from the group.&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;Sahara is already under investigation the by market regulator Sebi in a refund case involving over Rs 24,000 crore it collected from over three crore investors.&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;The Securities Appellate Tribunal is understood to take up for hearing sometime this week an appeal by Subrata Roy against a Sebi order to freeze his assets, along with similar appeals filed by two Sahara group firms and three other directors.&lt;/p&gt;&#039;,
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-The Indian Express
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Sahara India, which is already being investigated by market regulator Sebi, has now also come under the scanner of the provident fund department and is amongst the top defaulters of the Employees&#039; Provident Fund Organisation (EPFO) in the country.
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Five of the group firms including Sahara India Financial Corporation and the former Sahara Airlines are part of the top 50 companies in the country that have defaulted on depositing contributions to the Employees&#039; Pension Fund on behalf of its employees.
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&lt;/p&gt;
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Significantly, Sahara India first came under the EPFO&#039;s radar after it published numerous advertisements in national newspapers that boasted of a 10 lakh plus workforce.
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Sahara is already under investigation the by market regulator Sebi in a refund case involving over Rs 24,000 crore it collected from over three crore investors.
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-The Indian Express



Sahara India, which is already being investigated by market regulator Sebi, has now also come under the scanner of the provident fund department and is amongst the top defaulters of the Employees' Provident Fund Organisation (EPFO) in the..."/>
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                <strong>Sahara India under EPFO scanner for payment defaults-Surabhi</strong></h1>
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                <div align="justify">-The Indian Express</div><p align="justify"><br />Sahara India, which is already being investigated by market regulator Sebi, has now also come under the scanner of the provident fund department and is amongst the top defaulters of the Employees' Provident Fund Organisation (EPFO) in the country.</p><p align="justify">Five of the group firms including Sahara India Financial Corporation and the former Sahara Airlines are part of the top 50 companies in the country that have defaulted on depositing contributions to the Employees' Pension Fund on behalf of its employees.</p><p align="justify">Official data reveals that in total, the Subrata Roy-promoted group owes Rs 3,341.67 lakh to the EPFO as dues (see chart).</p><p align="justify">These largely relate to the Employees' Provident Fund (EPF) linked Employees' Pension Scheme.</p><p align="justify">Under the scheme, 8.33 per cent from the 24 per cent provident fund contributions (12 per cent as employees' share and 24 per cent of employer's share) are deposited.</p><p align="justify">According to the Employees' Provident Fund Act, it is a criminal offence for an employer to deduct but not deposit employees' provident fund and related contributions. In such cases, the EPFO can also seize property of the defaulter to recover dues and the defaulter can be charged under Sections 405 and 420 of the Indian Penal Code.</p><p align="justify">Significantly, Sahara India first came under the EPFO's radar after it published numerous advertisements in national newspapers that boasted of a 10 lakh plus workforce.</p><p align="justify">Following this, the provident fund department had asked the group to furnish details of its employees.</p><p align="justify">But the Lucknow headquartered group then approached the Allahabad High Court against the notice. It was however directed by the High Court earlier this year to submit all relevant details to the provident fund department.</p><p align="justify">More than one email from The Indian Express sent to Sahara got no response from the group.</p><p align="justify">Sahara is already under investigation the by market regulator Sebi in a refund case involving over Rs 24,000 crore it collected from over three crore investors.</p><p align="justify">The Securities Appellate Tribunal is understood to take up for hearing sometime this week an appeal by Subrata Roy against a Sebi order to freeze his assets, along with similar appeals filed by two Sahara group firms and three other directors.</p>               </font>
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-The Indian Express
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Sahara India, which is already being investigated by market regulator Sebi, has now also come under the scanner of the provident fund department and is amongst the top defaulters of the Employees&#039; Provident Fund Organisation (EPFO) in the country.
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Five of the group firms including Sahara India Financial Corporation and the former Sahara Airlines are part of the top 50 companies in the country that have defaulted on depositing contributions to the Employees&#039; Pension Fund on behalf of its employees.
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Official data reveals that in total, the Subrata Roy-promoted group owes Rs 3,341.67 lakh to the EPFO as dues (see chart).
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These largely relate to the Employees&#039; Provident Fund (EPF) linked Employees&#039; Pension Scheme.
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According to the Employees&#039; Provident Fund Act, it is a criminal offence for an employer to deduct but not deposit employees&#039; provident fund and related contributions. In such cases, the EPFO can also seize property of the defaulter to recover dues and the defaulter can be charged under Sections 405 and 420 of the Indian Penal Code.
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Significantly, Sahara India first came under the EPFO&#039;s radar after it published numerous advertisements in national newspapers that boasted of a 10 lakh plus workforce.
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	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-The Indian Express&lt;/div&gt;&lt;p align=&quot;justify&quot;&gt;&lt;br /&gt;Sahara India, which is already being investigated by market regulator Sebi, has now also come under the scanner of the provident fund department and is amongst the top defaulters of the Employees&#039; Provident Fund Organisation (EPFO) in the country.&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;Five of the group firms including Sahara India Financial Corporation and the former Sahara Airlines are part of the top 50 companies in the country that have defaulted on depositing contributions to the Employees&#039; Pension Fund on behalf of its employees.&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;Official data reveals that in total, the Subrata Roy-promoted group owes Rs 3,341.67 lakh to the EPFO as dues (see chart).&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;These largely relate to the Employees&#039; Provident Fund (EPF) linked Employees&#039; Pension Scheme.&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;Under the scheme, 8.33 per cent from the 24 per cent provident fund contributions (12 per cent as employees&#039; share and 24 per cent of employer&#039;s share) are deposited.&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;According to the Employees&#039; Provident Fund Act, it is a criminal offence for an employer to deduct but not deposit employees&#039; provident fund and related contributions. In such cases, the EPFO can also seize property of the defaulter to recover dues and the defaulter can be charged under Sections 405 and 420 of the Indian Penal Code.&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;Significantly, Sahara India first came under the EPFO&#039;s radar after it published numerous advertisements in national newspapers that boasted of a 10 lakh plus workforce.&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;Following this, the provident fund department had asked the group to furnish details of its employees.&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;But the Lucknow headquartered group then approached the Allahabad High Court against the notice. It was however directed by the High Court earlier this year to submit all relevant details to the provident fund department.&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;More than one email from The Indian Express sent to Sahara got no response from the group.&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;Sahara is already under investigation the by market regulator Sebi in a refund case involving over Rs 24,000 crore it collected from over three crore investors.&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;The Securities Appellate Tribunal is understood to take up for hearing sometime this week an appeal by Subrata Roy against a Sebi order to freeze his assets, along with similar appeals filed by two Sahara group firms and three other directors.&lt;/p&gt;&#039;,
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-The Indian Express
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&lt;br /&gt;
Sahara India, which is already being investigated by market regulator Sebi, has now also come under the scanner of the provident fund department and is amongst the top defaulters of the Employees&#039; Provident Fund Organisation (EPFO) in the country.
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Five of the group firms including Sahara India Financial Corporation and the former Sahara Airlines are part of the top 50 companies in the country that have defaulted on depositing contributions to the Employees&#039; Pension Fund on behalf of its employees.
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These largely relate to the Employees&#039; Provident Fund (EPF) linked Employees&#039; Pension Scheme.
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-The Indian Express



Sahara India, which is already being investigated by market regulator Sebi, has now also come under the scanner of the provident fund department and is amongst the top defaulters of the Employees&#039; Provident Fund Organisation (EPFO) in the...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-The Indian Express&lt;/div&gt;&lt;p align=&quot;justify&quot;&gt;&lt;br /&gt;Sahara India, which is already being investigated by market regulator Sebi, has now also come under the scanner of the provident fund department and is amongst the top defaulters of the Employees&#039; Provident Fund Organisation (EPFO) in the country.&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;Five of the group firms including Sahara India Financial Corporation and the former Sahara Airlines are part of the top 50 companies in the country that have defaulted on depositing contributions to the Employees&#039; Pension Fund on behalf of its employees.&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;Official data reveals that in total, the Subrata Roy-promoted group owes Rs 3,341.67 lakh to the EPFO as dues (see chart).&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;These largely relate to the Employees&#039; Provident Fund (EPF) linked Employees&#039; Pension Scheme.&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;Under the scheme, 8.33 per cent from the 24 per cent provident fund contributions (12 per cent as employees&#039; share and 24 per cent of employer&#039;s share) are deposited.&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;According to the Employees&#039; Provident Fund Act, it is a criminal offence for an employer to deduct but not deposit employees&#039; provident fund and related contributions. In such cases, the EPFO can also seize property of the defaulter to recover dues and the defaulter can be charged under Sections 405 and 420 of the Indian Penal Code.&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;Significantly, Sahara India first came under the EPFO&#039;s radar after it published numerous advertisements in national newspapers that boasted of a 10 lakh plus workforce.&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;Following this, the provident fund department had asked the group to furnish details of its employees.&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;But the Lucknow headquartered group then approached the Allahabad High Court against the notice. It was however directed by the High Court earlier this year to submit all relevant details to the provident fund department.&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;More than one email from The Indian Express sent to Sahara got no response from the group.&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;Sahara is already under investigation the by market regulator Sebi in a refund case involving over Rs 24,000 crore it collected from over three crore investors.&lt;/p&gt;&lt;p align=&quot;justify&quot;&gt;The Securities Appellate Tribunal is understood to take up for hearing sometime this week an appeal by Subrata Roy against a Sebi order to freeze his assets, along with similar appeals filed by two Sahara group firms and three other directors.&lt;/p&gt;&#039;
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-The Indian Express



Sahara India, which is already being investigated by market regulator Sebi, has now also come under the scanner of the provident fund department and is amongst the top defaulters of the Employees' Provident Fund Organisation (EPFO) in the..."/>
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                <strong>Sahara India under EPFO scanner for payment defaults-Surabhi</strong></h1>
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                <div align="justify">-The Indian Express</div><p align="justify"><br />Sahara India, which is already being investigated by market regulator Sebi, has now also come under the scanner of the provident fund department and is amongst the top defaulters of the Employees' Provident Fund Organisation (EPFO) in the country.</p><p align="justify">Five of the group firms including Sahara India Financial Corporation and the former Sahara Airlines are part of the top 50 companies in the country that have defaulted on depositing contributions to the Employees' Pension Fund on behalf of its employees.</p><p align="justify">Official data reveals that in total, the Subrata Roy-promoted group owes Rs 3,341.67 lakh to the EPFO as dues (see chart).</p><p align="justify">These largely relate to the Employees' Provident Fund (EPF) linked Employees' Pension Scheme.</p><p align="justify">Under the scheme, 8.33 per cent from the 24 per cent provident fund contributions (12 per cent as employees' share and 24 per cent of employer's share) are deposited.</p><p align="justify">According to the Employees' Provident Fund Act, it is a criminal offence for an employer to deduct but not deposit employees' provident fund and related contributions. In such cases, the EPFO can also seize property of the defaulter to recover dues and the defaulter can be charged under Sections 405 and 420 of the Indian Penal Code.</p><p align="justify">Significantly, Sahara India first came under the EPFO's radar after it published numerous advertisements in national newspapers that boasted of a 10 lakh plus workforce.</p><p align="justify">Following this, the provident fund department had asked the group to furnish details of its employees.</p><p align="justify">But the Lucknow headquartered group then approached the Allahabad High Court against the notice. It was however directed by the High Court earlier this year to submit all relevant details to the provident fund department.</p><p align="justify">More than one email from The Indian Express sent to Sahara got no response from the group.</p><p align="justify">Sahara is already under investigation the by market regulator Sebi in a refund case involving over Rs 24,000 crore it collected from over three crore investors.</p><p align="justify">The Securities Appellate Tribunal is understood to take up for hearing sometime this week an appeal by Subrata Roy against a Sebi order to freeze his assets, along with similar appeals filed by two Sahara group firms and three other directors.</p>               </font>
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