JOIN USNokia India, Coca Cola India, Tata Sons Ltd, BHEL and ITDC are among 79 companies which did not invest their PF funds as per prescribed pattern, Parliament was informed on Wednesday.
These 79 companies operate private PF trusts and manage their workers' retirement funds as well as account themselves.
It also has been decided to impose penalty/surcharge on these defaulting private PF trusts, which deviated from the prescribed investment pattern, government said.
"As on June 30, 2014, there are 79 private PF trusts not making investments of funds as per the pattern of investment prescribed by the government have come to the notice of EPFO," Minister of State for Labour Vishnu Deo Sai said in a written reply to Rajya Sabha on Wednesday.
Sai also tabled list of the 79 companies that include Nokia India, Coca Cola India, Tata Sons Ltd, BHEL and ITDC.