Maruti Suzuki India Ltd.

• STUDY ON MSIL TRUST

• ANALYSIS OF STATE FINANCIALS

SUBMITTED BY:

AKANKSHA SHARMA
Employees Provident Fund Organization

 It is formed by the Employees' Provident Fund and

Miscellaneous Provisions Act, 1952
 It is controlled by Government Of India

 It ensures the security of workers of organized and unorganized

sector.
 Money pooled from employee’s salary goes to EPFO.

 Majority of companies contribute to EPFO toward EPF funds.

 There are few companies that manage their own trust.

Why Trusts?

 Large corporations are exempted by the Government for transfer of funds to EPFO.

 These are 1600 in number at present.

 Companies operate and manage their trust in-house as they consider it to be more employee-friendly.

 Cost incurred for maintaining the trusts is lower than the admin charges levied at 0.5% by the EPFO.

 The returns from the trusts are higher than the generated by EPFO.

 Trusts provide more leeway to employees.

Maruti Suzuki Employee Trust

 It is an exempted trust by the Government of India

 Provides retiral benefits to the employees

 Investments of the pooled funds is done into

 Mutual Funds

 Super annuation

 Gratuity
Study on EPFO
 Analysis of the circulars issued by EPFO for the
amendments in the act.
 The judgement of the Kerala High court after a
petition was filed by Mr Kohli wherein the court had
dismissed the special leave.
 The original petition had asked the EPFO to give
pension to the retiring employees on the basis of
their last drawn salary rather than fixing the
calculation at the limit of Rs 15000.
Pattern Of Investments for Trusts