Section 17(1A)(d) in The Employees’ Provident Funds And Miscellaneous Provisions Act, 1952
(d)the Board of Trustees constituted under clause (b) shall—(i)maintain detailed accounts to show the contributions credited, withdrawals made and interest accrued in respect of each employee;(ii)submit such returns to the Regional Provident Fund Commissioner or any other officer as the Central Government may direct from time to time;(iii)invest the provident fund monies in accordance with the directions issued by the Central Government from time to time;(iv)transfer, where necessary, the provident fund account of any employee; and(v)perform such other duties as may be specified in the Scheme.