Company X is a private limited company and for past many years is registered under the Provident Fund Act with the Regional Provident Fund Commissioner. To overcome the difficulaties faced by the employees with regards to PF transfer and withdrawls, the company intends to create its own PF trust.
Reuqest you all to guide on the following points:
1. Can a Company registered with the Regional PF office, create a PF Trust? 2. What is the procedure to create a PF trust? 3. Are there any case laws relating to this?
Your opinion in this regard will be helpfull. Thank you.