This is regarding the death of a Solo Proprietor,who had 5-6 employees under him.
Solo Proprietor has 7-8 companies running simultaneously and he is one of the Directors in all those companies.
After the death of the Solo Proprietor, can those 5-6 employees be transferred to any of those companies, and there PF be continued in the same manner.
In these case what are the rules, and can be appoint them in the company payroll, just the day after the death of Solo Proprietor.
What will be the status of P.F if they want to transfer it in the new company.
Please give all the related feedback appropriate and as per law.
From India, New Delhi
Solo Proprietor has 7-8 companies running simultaneously and he is one of the Directors in all those companies.
After the death of the Solo Proprietor, can those 5-6 employees be transferred to any of those companies, and there PF be continued in the same manner.
In these case what are the rules, and can be appoint them in the company payroll, just the day after the death of Solo Proprietor.
What will be the status of P.F if they want to transfer it in the new company.
Please give all the related feedback appropriate and as per law.
From India, New Delhi
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
2556From India, Mumbai
Thanks.
He has a proprietor business, and simultaneously he had few companies maximum shareholding,where he was the Directors.
5-6 employees was working in his residence for 10-15 years and he was paying them from his Solo Proprietor business and PF was
deducted and deposited on there behalf.After his death we want to transfer those employees in the companies payroll, so that they
continue in service and there PF is transferred.Since after his death,the process of transferring his Legal heir etc will take time, so
those 5-6 employees are taken in the companies payroll,where her Daughter had been appointed as a Director of those companies.
Since putting those 5-6 employees out of work is not correct, we want to absorb them in our various companies.
Is it possible to transfer them in our companies payroll, and there P/F simultaneously being transferred.
From India, New Delhi
He has a proprietor business, and simultaneously he had few companies maximum shareholding,where he was the Directors.
5-6 employees was working in his residence for 10-15 years and he was paying them from his Solo Proprietor business and PF was
deducted and deposited on there behalf.After his death we want to transfer those employees in the companies payroll, so that they
continue in service and there PF is transferred.Since after his death,the process of transferring his Legal heir etc will take time, so
those 5-6 employees are taken in the companies payroll,where her Daughter had been appointed as a Director of those companies.
Since putting those 5-6 employees out of work is not correct, we want to absorb them in our various companies.
Is it possible to transfer them in our companies payroll, and there P/F simultaneously being transferred.
From India, New Delhi
If the companies desire to induct those employee, the company can, this will be good ethics on part of the company, as far as the transfer of PF is concered that can be done by submitting form 13 with the PF people thou this process is online now and very convenient.
Thanks and regards
Saurabh
From India, Calcutta
Thanks and regards
Saurabh
From India, Calcutta
Please also note that their liability of dues, such: as Gratuity, Bonus only if being paid, leave, any other benefit 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 be the liability of the new company. In both the cases, these issues are to be explained and accepted by the new Company.
Madan Salgaunker
From India, Hyderabad
Madan Salgaunker
From India, Hyderabad
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