We have taken 'PF Exemption Acceptance Letter' letters from the employees.-This will have no impact, since an EPF Covered Employee should continue to contribute on ceiling EPF Wages i.e Rs15,000/-
You can think of restricting EPF Contribution up to Ceiling i.e Rs15,000/-PM
You are transferring the employees to new Company, which establishment has no PF code no as strength less than 20.
Get the resignation of the employees in the old Company and issue joining letter to new establishment.
As establishment not covered under EPF act, no need to deduct PF until strength below 20 nos.
When strength reaches 20, the members who have previous membership may be entitled for PF deduction, even their PF wages are above 15 K. and you have to take new pf code.
You cannot escape from PF liability after strength 20 nos.
Even the second Company is a different eitity, till strength count reaches 20, PF is not applicable and no transfer will be initiated.
When employee shift from one Company to another Company, he has to resign from first establishment and join another Company.
As per act, when strength of the establishment reaches count 20, they have to take PF no. Further the present member whose has UAN, same is to be consider for PF contribution even their PF wages are above 15 K. New member whose PF wages above 15 K to be treated as Excluded Employee and will be exempt from EPF deduction.