Earlier there was a partnership Firm of AB&C- then they transferred to Mr.D as a Proprietary Concern. This resulted in Mandatory Registration under ESI Act.
Being not eligible for ESIC, is it required to pay mandatory after being Registered under said act.
Is there any way out from it?
ASAP Reply would be appreciated.

From India, Pune

Get Dual Certificates from IIM Shillong and SHRM →
Promoted: IIM Shillong - PG Certification in Human Resource Management (Explore Course)

if AB&C have closed down their business, then they must have got all employees resigned, and informed the ESIC / EPFO about the incident, they must had submitted the dissolution deed of partnership to the concerned departments, and made their employees EXIT from the respective portal
now Mr D is not part of AB&C, who is a proprietary concern and have no relation, with AB&C or their employees, then he is not eligible unless the manpower exceeds ten in proprietary firm
but if Mr D has acquired assets and liabilities of AB&C and their trade name also, then they have considered the employees back period liabilities also, and would have to maintain all respective laws of AB&C

If you are knowledgeable about any fact, resource or experience related to this topic - please add your views using the reply box below. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone.

Please Login To Add Reply →

About Us Advertise Contact Us Testimonials
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2021 CiteHR.Comô

All Material Copyright And Trademarks Posted Held By Respective Owners.
Panel Selection For Threads Are Automated - Members Notified Via CiteMailer Server