PBS KUMAR (HR - PROFESSIONAL) 05 October 2014

Reviving of old firm - obligations on pf & esi contributions

Dear Experts,

One of the sick unit has took over by a new company. In the old company all the employees are relieved during in the time of sick with F & F. And simultaneously the Managing Director (Occupier) of the old firm has intimated in a letter to PF / ESI authorities that the firm is ‘SICK’ with evidences. After that no correspondence has made from both the ends.

After six and half years the new firm has started recruitment of employees and intimated to the PF / ESI authorities without changing the firm name for “Reviving the same code number”, accordingly the new firm has depositing the contributions with the continuation of PF & ESI last employees serial numbers on wards.

Now what are the impacts and obligations after that. Please guide me.

Regards,

PBS KUMAR

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1 Replies

binay (advocate) 05 October 2014

U have took over the sick industry. It's in a legal manner. U can proceed on, and also ur following the right procedure. There is no need to re-name or re-register the unit, as you have taken it as sick. You may change the name of the unit and the by-laws by amendment of the previous by-laws. But you can't change the registration number. And in my opinion there is no need of it.