Administration Manual - B.E.S.T. Undertaking.

However in the case of claims for refund on resignation, retirement etc.
interest shall be payable upto the end of the month preceding the month in
which the final payment is authorised.
The shortfall if any in the interest accrued on Provident Fund
investments and the B.E.S. & T. Undertaking shall reimburse the amount of
interest to be credited to member’s account.
H. AUDIT OF PROVIDENT FUND ACCOUNTS:-
The accounts of the Fund are also audited yearly and their accuracy
certified by the auditors for the time being appointed for the purpose by the
Trustees. The fees of the outside Auditors are borne by the Undertaking.
The Inspectors from Regional P.F Commissioner’s Office also examine the
accounts periodically. The Undertaking pays inspection charges at the rate of 9
paise per Rs. 100/- on total wage bill.
A copy of the Auditor’s report along with the audited balance
sheet in a prescribed format is submitted by Accounts Department
to the RPFC within six months after the closing of the financial
year from 1 st April to 31 st March.
The same auditors are not appointed for two consecutive
years and not more than two years in a block of six years.
I. PERODICAL RETURNS TO REGIONAL P.F. COMMISSIONER-
488