EPFO overhauls PF trust rules risk based audits and an interest cap for exempt establishments

Mandatory checks end as audits get risk rated

EPFO has introduced new rules for companies running their own provident fund trusts. Instead of mandatory annual audits, oversight will shift to a risk-based audit system. The interest rates offered by such trusts will be capped, and exempted establishments can keep their status even after mergers and acquisitions. The changes are designed to strengthen governance while easing compliance for businesses.