I'm getting this error on my PC:
frequency error -1732 PPM exceeds tolerance 500 PPM
This means that the difference between your local time and the server you're syncing with has exceed
You can do these steps manually if you want (e.g. you're not running Red Hat which includes the ntpdate step in it's restart script):
However, if you're seeing these errors in a log file for a machine that has been up sometime and it is a virtual machine then there may be a different issue at play. Virtual Machines have problems with their time because there isn't a proper hardware timing signal coming in. Follow VMWare's advice found here (it is equally relevant for other virtualisation platforms):
Or NTP's advice here:
Microsoft Hyper V docs reference the VMWare stuff above for when running Linux on their virtualisation platform.
You tagged this with "Windows", so I am assuming you are running the reference implementation of ntpd under Windows using the installer from Meinberg.
Meinberg suggests the following command line args