Legal Question in Employment Law in India
can a employee provident fund trust pay interest less than declared by central govt. for fy 2014-15 our trust paid 8.70%, is it proper
our trust never disclose details of investments etc or provide balance sheet or even a copy of trust deed to its employees
Asked on 5/27/15, 11:28 am
2 Answers from Attorneys
Fca Prashant Chavan
Expert Edge LLP
28.05.2015
Dear Sir / Madam,
No, the Trust has to pay interest as announced by the Central Government for the financial year. The Trust is not legally bound to provide copies of its annual financial statements to employees.
Regards,
Answered on 5/27/15, 11:39 pm
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