Dear Sir,
We have a small-scale industry in Ambad, Nashik in a partnership firm. We will be switching from a partnership firm to a private limited company from 1st April 2024. My question is, are there any special rules and regulations related to labor, leave management, required manpower strength, any labor facilities required, and the online documentation for PF & ESIC transfer process for our employees? Please guide me.
Altaf Sayyed HRD
From India
Acknowledge(0)
Amend(0)
We have a small-scale industry in Ambad, Nashik in a partnership firm. We will be switching from a partnership firm to a private limited company from 1st April 2024. My question is, are there any special rules and regulations related to labor, leave management, required manpower strength, any labor facilities required, and the online documentation for PF & ESIC transfer process for our employees? Please guide me.
Altaf Sayyed HRD
From India
Acknowledge(0)Amend(0)
The change from a partnership firm to a private limited company is a very significant one, though there is continuity in operation. Therefore, all statutory/government authorities related to your operations have to be informed.
From India, Mumbai
Acknowledge(0)Amend(0)
1655From India, Mumbai
Acknowledge(0)Amend(0)
This would be deemed as a transfer of undertaking for all labor-related purposes. Therefore, there should be an understanding among the employees, employers, and directors of the company regarding the treatment of their past service for future calculations of gratuity, etc.
Upon forming a company, a new ESI and PF number would be generated. You have to transfer the employees from the existing RC to the new RC. This will ensure continuity for the benefits under the respective Acts. Naturally, the ESI and UAN would not change.
From India, Kannur
Acknowledge(0)Amend(0)
Upon forming a company, a new ESI and PF number would be generated. You have to transfer the employees from the existing RC to the new RC. This will ensure continuity for the benefits under the respective Acts. Naturally, the ESI and UAN would not change.
From India, Kannur
Acknowledge(0)Amend(0)Engage with peers to discuss and resolve work and business challenges collaboratively - share and document your knowledge. Our AI-powered platform, features real-time fact-checking, peer reviews, and an extensive historical knowledge base. - Join & Be Part Of Our Community.
PF Online Transfer.pdf
Steps to transfer PF amount.jpg