Business

Reliance Power’s statement on the news of ED raids, no effect on the company operating, Anil Ambani is not in the board

Following several media reports about the action taken by the enforcement agency, Reliance Power Limited has recently released an explanation. The company has assured its shareholders, employees and all other stakeholders that these measures will not have any effect on the company’s commercial operations, financial performance or any other aspect. …

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Benefits for companies, Risk for employees and requirement of interest:

Many big companies manage the provident fund (PF) of their employees themselves, rather than that they remain under the Employees Provident Fund Organization (EPFO). Such companies are called ‘Exampted Establishments’ i.e. ‘exempted establishments’. These establishments have to follow certain conditions according to EPFO’s terms, but they can set up their …

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