Amendment status not verified — confirm the current text below against the official source.
PROVISION FOR IMPOSITION OF DAMAGE:— When an employer makes default in payment of any c ontri bution or instalment or in the tra nsfer of any accumulation required to be transferred under this Act and Scheme or In the payment of any charges payable under auv other provi sion of this Aft or Scheme or in the assignment of the Policies obtained from Life Insurance Co rporation of India , he shall be liable to pay damage not exceeding the amount in arrear. Pr vided that no order for payment of dama ges shall be passed unless reasonable op po rtu nities of being heard is given to the defaulter.