Central
Labour CodeCircular regarding timely conclusion of Proceedings relating to assessment or levy of PD in IBC Cases
Central published this gazette notification (Gazette ID: central-circular-regarding-timely-conclusion-of-proceedings-relating-to-assessment-or-levy-of-pd-in-ibc-cases) on 2026-03-17, filed under Labour Code. The purpose of this circular is to streamline the process of assessing and levying PF dues in IBC cases, thereby ensuring compliance with labour laws and regulations.
| Issue Date | |
| Published | |
| Gazette ID | central-circular-regarding-timely-conclusion-of-proceedings-relating-to-assessment-or-levy-of-pd-in-ibc-cases |
| Category | Labour Code |
Action Required
Employers and HR departments must ensure timely compliance with the assessment and levy of PF dues in IBC cases, and cooperate with the relevant authorities to facilitate the resolution process. They must also maintain accurate records and submit necessary documents within the stipulated timeframe.
Statutes & Rules Amended
- Insolvency and Bankruptcy Code (IBC)
- Employees' Provident Funds and Miscellaneous Provisions Act, 1952
Compliance Impact
| Action Required | Employers and HR departments must ensure timely compliance with the assessment and levy of PF dues in IBC cases, and cooperate with the relevant authorities to facilitate the resolution process. They must also maintain accurate records and submit necessary documents within the stipulated timeframe. |
| Compliance Deadline |
Purpose
The purpose of this circular is to streamline the process of assessing and levying PF dues in IBC cases, thereby ensuring compliance with labour laws and regulations.
Summary
The Central Government has issued a circular to ensure timely conclusion of proceedings related to assessment or levy of provident fund (PF) dues in cases under the Insolvency and Bankruptcy Code (IBC). This move aims to expedite the resolution process and protect the interests of employees and PF authorities.