Tax & Penalty2 Sept 2026, 12:19 pm

FGP Ltd Receives ₹39.13 Lakh Demand Notice for Welfare Fund Non-Payment

AI Summary

FGP Ltd has received a Demand Notice from the Maharashtra Labour Welfare Board for alleged non-payment of statutory contributions under the Maharashtra Labour Welfare Fund Act, 1953. The demand aggregates to ₹39,13,712, including penal interest of ₹29,43,176, for alleged default in remittance of employee and employer contributions from June 1998 to June 2025. The company is evaluating the notice and plans to seek appropriate legal remedies to contest the demand.

Key Highlights

FGP Ltd received a demand notice for ₹39.13 Lakhs.
The notice is for alleged non-payment of labour welfare fund contributions.
Penal interest amounts to ₹29.43 Lakhs.
The company intends to contest the demand legally.
The alleged default period spans from June 1998 to June 2025.

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FGP

Non Banking Financial Company (NBFC)

FGP LTD.

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