EPFO steps up drive for retrospective regularisation of exempt status of PF trusts

The Employees' Provident Fund Organisation (EPFO) has intensified efforts to regularise the exempt status of private PF trusts. This move follows the introduction of a new amnesty scheme under the EPF Scheme 2026, notified recently. The scheme aims to bring trusts that have been operating without proper approval back into the formal fold, ensuring they adhere to current regulatory norms.
This development is significant for the broader market as it enhances the transparency and compliance of the retirement savings ecosystem. By formalising these trusts, the government seeks to protect the interests of millions of employees and ensure that their hard-earned savings are managed under strict oversight. Investors should monitor the pace of this regularisation drive to gauge its impact on the overall efficiency of the provident fund sector.
Excerpt from BusinessLine
The EPFO has stepped up nationwide drive as the amnesty scheme for retrospective regularisation of exempt status of Provident Fund (PF) Trusts ends on December 28, this year. Provisions for amnesty scheme were introduced as a transitional measure in the Employees’ Provident Fund (EPF) Scheme 2026, notified on June 29,…Read the original at BusinessLine
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