Is there interconnection between these three units and there is common supervisory, financial or managerial control over the three firms??
If this matter gets agitated in a court of law,these kind of questions are likely to arise.
It would actually be a good idea then for you to convert each of these three into separate LLP or partnership or private limited companies. However, again you need to verify the cost benefit analysis of maintaining three separate organisations, they're all dates and compliances as against the savings on PFHowever, again you need to verify the cost benefit analysis of maintaining three separate organisations, they're all audit and compliances as against the savings on p.m.
As far as financial, managerial and supervisory control is concern, it is under same person for all the 3 concerns, further information which i would like to bring into your kind attention is as under:
* Business is being operated from same premises.
* Nature of business being conducted is same.
* Since all the 3 concerns are proprietorship concern the PAN involved in all the 3 cases are same.
AS FAR AS FINANCIAL, MANAGERIAL AND SUPERVISORY CONTROL IS CONCERNED, IT IS UNDER A SINGLE PERSON FOR ALL THE 3 CONCERNS. FURTHER INFORMATION WHICH I WOULD LIKE TO BRING INTO YOUR ATTENTION IS AS UNDER:
* BUSINESS FOR ALL THE 3 CONCERN IS MANAGED FROM SAME PREMISES.
* SINCE ALL THE 3 ARE PROP. CONCERN PAN INVOLVED IN ALL THE 3 CASES IS SAME.
Pl. reply to my queries before I post my advise on your post (1) You are drawing salary or your remuneration or profit sharing is differently coming to you and same is through Board resolution and if amount is that less than Rs.15000 pm.(2) All three are operating with individual factory licenses, treated as separate units.(3) Have you ever been covered under the E PF benefits .
Managemenbt Adviser and Trainer
Director, Future Institute of Engineering and Technolgy
Please let me know. Urgent. Appreciate your help.