The Economic Times

EPFO overhauls PF trust rules: Risk-based audits, 2% interest cap on exempted establishments

New rules are set for companies managing their own provident fund trusts. Mandatory annual audits are replaced by a risk-based system. Interest rates offered by these trusts will now be capped. Exempted establishments can retain their status after mergers and acquisitions. These changes aim to strengthen oversight and improve ease of doing business.