Sri Lanka Consolidated Acts

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Employees' Provident Fund (Amendment) Act (No. 8 of 1971) - Sect 7

Replacement of section 16 of the principal Act

7. Section 18 of the principal Act is hereby repealed and the following new section substituted therefor:-
16. Where contributions payable under this Act in respect of any month have not been made to the Fund before the last day of the succeeding month and the employer is unable to explain to the satisfaction of the Commissioner that the failure to pay such contributions was due to circumstances beyond his control, he shall be liable to pay to the Fund, in addition to the amount of the contributions due, a surcharge on such amount calculated in the following manner:-
(a) where the contributions are in arrears for a period not exceeding one month, a surcharge of ten per centum of the amount of the contributions due:
(b) where the contributions are in arrears for a period exceeding one month but not exceeding three months, a surcharge of fifteen per centum of the amount of the contributions due;
(c) where the contributions are in arrears for a period exceeding three months but not exceeding six months, a surcharge of twenty per centum of the amount of the contributions due;
(d) where the contributions are in arrears for a period exceeding six months, a surcharge of twenty-five per centum of the amount of the contributions, due.".

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