You would need to first form a PF trust for the organization and apply to the RPFC for exemption.
They would have various requirements that need to be fulfilled by the Company before granring the exemption.
An application is also required to be made to the Income Tax Department for IT exemption for the income of the trust.
It is no doubt a lengthy process as various Government authorities are involved in the matter.
If you want we can help you in the matter.
Thanks,
Kind Regards,
Avika Kapoor
Manager- Business Development
Kapgrow Corporate Advisory Services Pvt. Ltd
E-173, Kalkaji, New Delhi – 110019