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TeamLease faces EPFO notice over alleged PF fund mismanagement.
TeamLease Services received a Rs 184.58 crore show-cause notice from the Employees' Provident Fund Organisation (EPFO) on April 23, accusing the company of alleged mismanagement of employee provident fund assets.
The notice cited investment losses and concerns over reserves, though TeamLease denied the claims and stated it is evaluating legal options.
The company's stock fell following the announcement.
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TeamLease se enfrenta a una notificación de la EPFO por la presunta mala gestión de los fondos de PF.