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deductions

Steady12 stories7 sourcesLast updated: 2d ago

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Counties face points deductions for financial losses under strict new ECB rules
Sports
5/11/2026

Counties face points deductions for financial losses under strict new ECB rules

Proposed rules similar to those used by Premier LeagueECB responding after Sussex’s operating loss of £1.33mCricket counties will face automatic points deductions for making repeated losses under strict new financial rules that will be introduced next season.The Guardian has learned that the England and Wales Cricket Board is planning to bring in its own version of football’s profit and sustainability rules underpinned by points deductions in a shadow form next year to give counties time to adjust, before fixed punishments for clubs that fail to break even are introduced in 2028. Continue reading...

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Guardian Sport
Orissa High Court Refuses to Quash Criminal Case Against Director for Failing to Deposit Rs 15 Lakh PF Deductions
NEWS
4/23/2026AI summary

Orissa High Court Refuses to Quash Criminal Case Against Director for Failing to Deposit Rs 15 Lakh PF Deductions

The Orissa High Court has ruled that a company director must face criminal proceedings for failing to deposit Rs 15.14 lakh deducted from employee salaries for provident fund between 2012-2013. Despite the company becoming insolvent and the director later clearing all dues between July 2014-February 2015, the court held that subsequent payment cannot eliminate criminal liability for the initial default. The court emphasized that EPF dues must be deposited within 15 days of the succeeding month, and any delay constitutes a penal offence.

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Economic Times