Amendment status not verified — confirm the current text below against the official source.
Whoever for the purposes of this Act or under the Scheme framed under the Act fail to make the required contribution within the prescribed time limit or makes a false statement or does not furnish the required information shall be punishable by- (i) direct recovery from the Grant-in-aid or other existing fun d of the School/College by the Board of Trustees with interest and/or such other compensation as may be decided by the Board of Trustees ; (ii) stoppage of Grant-in-aid of the School/ College; (iii) imposition of compensa tion not exceeding 25 per cen t of the amount due, as ma y be decided, by the Board of: Trustees, provi- ded that the employer shall be given an op portunity for his defence within 30 days from the date of issue of the notice, provided further that if in the opinion of the Board of T rustees, any contribution is delayed for reasons beyond the control of the employer, he shall not be punish- able under the provision of this Act. Powerto