EPF Closure Violations
Criminal Prosecution Under EPF Act
- Up to ₹5 lakhs + 12% interest on unpaid dues
- Section 14 EPF Act - Imprisonment up to 3 years
- Personal prosecution of directors/officers
- Mass claims filed by exiting employees
- Blacklisted from future EPF registrations
"In 2023, [Company Name] faced ₹8.7 lakh penalty + criminal proceedings for improper EPF closure affecting 47 employees."