Section 14B [Power to recover damages. of Employees Provident Funds And Miscellaneous Provisions Act, 1952

[Power to recover damages.

14B. Where an employer makes default in the payment of any contribution to the Fund   [, the  [* * *] Pension Fund or the Insurance Fund] or in the transfer of accumulations required to be transferred by him under sub-section (2) of section 15  [or sub-section (5) of section 17] or in the payment of any charges payable under any other provision of this Act or of  [any Scheme or Insurance Scheme] or under any of the conditions specified under section 17,  [the Central Provident Fund Commissioner or such other officer as may be authorised by the Central Government, by notification in the Official Gazette, in this behalf] may recover  [from the employer by way of penalty such damages, not exceeding the amount of arrears, as may be specified in the Scheme]]:

  [Provided that before levying and recovering such damages, the employer shall be given a reasonable opportunity of being heard:]

  [Provided further that the Central Board may reduce or waive the damages levied under this section in relation to an establishment which is a sick industrial company and in respect of which a scheme for rehabilitation has been sanctioned by the Board for Industrial and Financial Reconstruction estab­lished under section 4 of the Sick Industrial Companies (Special Provisions) Act, 1985 (1 of 1986), subject to such terms and conditions as may be specified in the Scheme.]