jkgupta
Dear friends,
A company having 9 employees is subsidiary company of a company on which PF is applicable. The registered office of both the companies is at the same premises and one director is a common director.
Is PF applicable on subsidiary company also ? Is there any circular or notification to clarify the issue?
Thanks
JKGUPTA

From India, Delhi
malikjs
167

dear
in my view subsidery company is a eye wash and employees are doing common job for both the companies.
it is very difficult to judge the situation because what is the fact we donot know.if totallt different ,no connection between employees and financial transaction than it can not be clubbed.

From India, Delhi
jkgupta
Thank you mr. Malik.
The business of both the Cos. is different and the relationship between both is :
1. the Regd. office is at same premises.
2. one common director.
3. Co. on which PF is applicable holding majority stake in the Co. having 9 emplyees.
Pls. enlighten more.
Thanks
jkgupta
cs, pcs, company secretary, fcs, practicing company secretary, roc consultant, company law board consultant

From India, Delhi
essykkr
87

even the business is different and fininacial control and supervion is of the same, both have comman registered office, then the PF Act is applicable and liable to be deduction.

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