Please help share your contact number to understand your requirement and help you out.
We would like to introduce ourselves as "All Risk Management Solutions and Services (P) Limited - ARMSS" is a company promoted by a group of experienced professionals in Labour Law Compliance. ARMSS professionals are competent to handle any domestic enquiry / conciliation / IR / any court related affairs with respect to Labour Regulations and capable of giving Legal Opinions on Labour Laws.
I do not know why your employer has created a complex structure. May be he was miss advised.
There are some unclear points. But I guess the final advice should only be given by a consultant who has studied all aspects in details.
I do not understand, how there can be a proprietorship business which has no business, no registration and no bank account. Such a company does not exist as per law.
So, how is the PF paid ? Which account is the cheque given (you are no longer allowed to give cash)
How is this recorded in the books of accounts.
Out of 80 employees, 20 are in first company, 22 in the second.
What about the balance ?
Where are salaries paid ?
As I see, there will definitely be a problem.
You can't pay salary out of one company and PF under another.
You may be :
- liable to pay PF again for these people
(And definitely for those who are in neither list)
- liable for profession tax
- liable for TDS and income tax on payment (assumed) to b made for emoloyees of one company working for another