30th June 2018 From India, Madras
It depends on the BTA (Business Transfer Agreement) entered into between your Company and the Seller Factory. Some Companies keep the legal identity separately even after purchase in which case, you have to continue to comply with the applicable Labour Laws of the Seller factory.
If it is an amalgamation or merger, then you have to get your existing factory other licenses changed and surrender the licenses of the seller factory.
S.G. Management Services
(PAN INDIA Labour Law compliance specialist
P.F. ESI, P Tax, Benefit Management &
30th June 2018 From India, Kolkata
You can not continue the new factory in name of your existing factory. Otherthan ownership change nothing has happened and the new factory purchased is existing with its legal identity "X" as it was existing earlier :
1. Factory Licence
3. Registration obtained from various statutory departs(Labour Department, EPF,ESI,Central Excise, ROC and many others).
You can do business with the product in name of your old unit by stock transfer till complete change is happened.
It is better to consult a consultant who is looking after comapny affairs.
3rd July 2018 From India, Mumbai