Central Provident Fund Act 1953 · 2020 Revised Edition · Part 2 · Contributions to Fund
9. Payment of interest on contributions in arrears
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Where the amount of the contributions which an employer or a platform operator is liable to pay under section 7 or 8A (as the case may be) is not paid within such period as may be prescribed, the employer or the platform operator (as the case may be) is liable to pay interest on the amount for every day the amount remains unpaid at the rate and commencing from the date prescribed in regulations made under section 77(1).
employer
“employer” means —(a)any person, company, association or body of persons, whether or not incorporated, by whom an employee is employed;(b)the owners of any vessel on which an employee is employed;(c)any manager, agent or person responsible for the payment of wages to an employee on behalf of an employer; and(d)the Government in respect of such categories, classes or descriptions of officers or employees of such Government as may from time to time be declared by the President by notification in the Gazette to be employees for the purposes of this Act;
Where the amount of the contributions a self‑employed person is liable to pay under section 9A is not paid within the time prescribed for payment, that person is liable to pay interest on that amount for every day the amount remains unpaid at the rate and commencing from the date prescribed in regulations made under section 77(1).
self-employed person
“self-employed person” has the meaning given by any regulations made under section 77(1)(e);
The Board may, in any case in which it thinks fit, waive the payment of the whole or part of, or remit in whole or in part, any interest due or paid under subsection (1) or (2).
Board
“Board” means the Central Provident Fund Board constituted under section 3;