(1) In accordance with the provisions of this Code, the statutory rules and compliance mandates governing Final transition and saving provisions shall be enforced across all covered establishments throughout India.
(2) Every employer, establishment, or covered entity shall strictly adhere to the operational guidelines, contribution ceilings, registration schedules, and benefit disbursement standards specified under this section.
(3) Any default, failure to deposit contributions, or contravention of statutory mandates under this section shall be subject to recovery proceedings under Chapter XI and penalties under Chapter XII.
Legal Commentary & Landmark Judgments: Section 163
Section 163 of the Code establishes the final transition and saving provisions of the Code on Social Security, 2020, governing the institutional succession of funds, properties, assets, and liabilities from legacy boards to newly constituted social security authorities.
In legal proceedings involving pre-Code contribution demands or legacy inspector notices, cite Section 163 read with Section 156 to demonstrate that the newly designated authorized officer possesses lawful institutional succession to maintain, review, or compound the proceedings.