Trouble mounts for the Bengaluru-based ed-tech company Byju’s as it might face action over delayed provident fund (PF) payments to the EPFO (Employees’ Provident Fund Organisation), reported the Indian media on Monday (June 26).

Byju’s might face EPFO action over delayed provident fund payments: Report

In India, the account holders in the Employees Provident Fund (EPF) must add a nominee by December 31. Employees will forfeit various benefits if this is not done.

New Provident Fund rule: EPF benefits to stop if you do not complete this by December 31

The government says it will cover an amount up to 12 percent of employees’ salaries.

India shows jobs growth as 3.11 million join social security fund in six months

The move will impact 40 million employees in India

India lowers interest on employees' provident fund deposits