Home India Ministry of Ports, Shipping and Waterways Circular No.2/2022 of SPFO- Levy of penalty on late submiss...
Date: 2022-08-23 Category: DGS Circular State: Union Government Country: India

Circular No.2/2022 of SPFO- Levy of penalty on late submission of Provident Fund statement in SPFO

Issued by Ministry of Ports, Shipping and Waterways · Directorate General of Shipping

Research with AI Agent Chat with Document Generate Summary Translate Helpful Share Add to Project Create Task

Executive Summary & Key Takeaways

Circular No. 2 of 2022 from the Office of the Seamen's Provident Fund Commissioner (under Ministry of Ports, Shipping and Waterways), dated August 23, 2022, addresses all shipping companies regarding the levy of penalty on late submission of Provident Fund statements in SPFO. In the 142nd Board of Trustee meeting held on July 18, 2022, a decision was made to grant a 30-day grace period for PF contributions to shipping companies depositing PF amounts directly into the SPFO bank account but not uploading/submitting PF return statements in SPFO. After this grace period, a penalty will be levied on non-compliant companies for late submission of PF return statements: Rs. 10,000 per month for the first three months, and Rs. 20,000 per month thereafter until submission of PF statements. Shipping companies are requested to ensure that Provident Fund statements are uploaded/submitted to the Seamen's Provident Fund Organisation according to the decision of the Board of Trustees. Acknowledgement of the circular is requested. The contact details for the Seamen's Provident Fund Commissioner are as follows: Telephone: 022-22 66 20 44/22 61 69 25, 022-22 62 04 02 (Commissioner), Email: spfoac@gmail.com/spfo.commr@gov.in, Web: www.spfo.gov.in, Fax: 022-22 61 62 02. The office is located at Krupandhi, 3rd floor, 9 Walchand Hirachand Marg, Ballard Estate, Mumbai-400001. All replies should be addressed to the Commissioner with reference number 137/III/118/2022. The Commissioner is Surendra Kumar.

Key Entities Referenced

Seamens Provident Fund Organisation: Organization responsible for managing the Provident Fund for seamen. Provident Fund: Provident Fund contributions and return statements, subject to penalties for late submission as per the circular. Ministry of Ports, Shipping and Waterways: The ministry under which the Seamens Provident Fund Commissioner operates. SPFO: Abbreviation for Seamens Provident Fund Organisation, where PF statements are submitted.
Official Source Record View Original Source →
See Full Document Text
& ffia:ozz-zz 66 20 44t22 61 69 2s rel 022-22 66 20 44122 61 69 25 t$std 022-22 62 04 02 (3nq-rd) 'lel 022-22 62 04 02 (Commissioner) f-*a: spfoac@gmail.com/spfo,commr@gov.in E-mail: spfoacagmail.com/ sofGcommr@qov.in *{: www.sofo.oov.in Web:: www.sofo.gov.in hw: 022-22 61 62 02 JE.rd arfu6 rrhq Afr 6r+dq, d{5 Fax 022-22 61 62 02 (qd-r, +d cft-{Cd 3ik a-frfrrrt Iirrfrq ) OFFICE OF THE SEAMENS PROVIDENT FUND COMMISSIONER (UNDER MINISTRY OF PORTS, SHIPPING ANO WATERWAYS) Tqqr $fr tri a€6R 3ag€ fi Tqfift, 3{r ardr, / KRUPAN|DH|, 3d floor, ri qr +t 9, Erdriq fi{rrjE qr4l Watchand Hirachand Marg, All Replies should be i-dra a*c, / Ba ard Esrate, Commissioner Addressed to the ffaOO OO1/ Mumbai-4oo O0'1 ttl Ref No.137/lll/ t2022 Date: .23 AUG?il'/Z clRcuLAR NO.2 0F 2022 To, All the Shipping Companies Sub : Levy of penalty on late submission of Provident Fund statement in SPFO. ln the 142nd Board of trustee meeting held on 18.07.2022 the Board deliberated and decided to give 30 days' grace period as applicable to PF contribution to the shipping companies those who are depositing PF amount directly in the SPFO bank account but not uploading / submitting PF return statement in SPFO. Thereafter penalty should be levied on the non-compliance companies for late subnrission of PF return statements @Rs.10,0001 per month for first three months and Rs.20,0001 per month after 3 months till submission of PF statements. 2. You are, therefore, requested to ensure that the Provident Fund statements are uploaded / submitted to the Seamen's Prcvident Fund organisation in accordance with the decision of the Board of Trustees, Seamer,'s Provident Fund as above. 3. Kindly acknowledge t, \clryL, (Suren ra Kumar) c mrsstoner Seamen's Provident Fund anisation Mumbai

Continue your research