Incorrect Date/Time is shown on OpenVZ node and all its VPSes

Symptoms 

Incorrect Date/Time is shown on OpenVZ node and all its VPSes

Cause

NTPD service is not running on the OpenVZ node.

Resolution

1. Connect to OpenVZ node via SSH
2. Start ntpd service:

   # service ntpd start

Refer the link for more details on the issue.
https://wiki.openvz.org/Timezone