Despite being cleared of the charge of having misplaced securities worth Rs 22 lakh, the Employees Provident Fund (EPF) of Tata SSL might still face cancellation of exempted status this month.
The trustees of the fund were issued a show-cause notice today on the ground that it had invested Rs 7 lakh in a mutual fund that was not approved.
Provident Fund commissioner, P D Sinha, who issued the notice, said,