Is any damage leviable on the employer delaying any payment due from him under the Act or the Schemes?
If any employer makes default-
(i) in the payment of any contribution to any Fund;
(ii) in the transfer of accumulations as required under Section 15(2) or Section 17(5);
(iii) in the payment of any charges payable under the Act or Schemes the Central/Regional Provident Fund Commissioner can levy and recover from the employer by way of penalty such damages not exceeding the amount of arrears, as may be specified in the scheme. The Central Board may reduce or waive the damages levied by the Commissioner in certain case.
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