This is regarding the death of a Sole Proprietor who had 5-6 employees under him. The Sole Proprietor had 7-8 companies running simultaneously and was one of the Directors in all those companies. After the death of the Sole Proprietor, can those 5-6 employees be transferred to any of those companies, and can their PF be continued in the same manner?
In this case, what are the rules regarding the transfer of employees and can they be appointed in the company's payroll immediately after the death of the Sole Proprietor? What will be the status of PF if they want to transfer it to the new company?
Please provide all relevant feedback in accordance with the law.
From India, New Delhi
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In this case, what are the rules regarding the transfer of employees and can they be appointed in the company's payroll immediately after the death of the Sole Proprietor? What will be the status of PF if they want to transfer it to the new company?
Please provide all relevant feedback in accordance with the law.
From India, New Delhi
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Dear Anonymous, I thing, you are making some conceptual mistake. You are saying solo proprietor and at the same time you say he is one of the Directors.
From India, Mumbai
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2584From India, Mumbai
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If the companies desire to induct those employees, the company can. This will be good ethics on the part of the company. As far as the transfer of PF is concerned, that can be done by submitting Form 13 with the PF people. Though this process is online now and very convenient.
Thanks and regards,
Saurabh
From India, Calcutta
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Thanks and regards,
Saurabh
From India, Calcutta
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Please also note that the liability of dues, such as Gratuity, Bonus (only if being paid), leave, and any other benefits for years of service, is either to be settled now (if the workers wish to do so - in such case, the process of shifting them is different) or on transfer, the same will automatically become the liability of the new company. In both cases, these issues are to be explained and accepted by the new company.
Madan Salgaunker
From India, Hyderabad
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Madan Salgaunker
From India, Hyderabad
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PF Online Transfer.pdf
Steps to transfer PF amount.jpg