Dear All,
Can anybody suggest me on this situation, A company incorporated in 2006-07 having 150 employees, as of now it has not registered under any PF, ESI, PT Act and also it has not filed its Annual Returns with ROC (unknowingly).
Now Co. has roughly calculated the PF Liability i.e. Rs.30Lakhs, since it has not deducted any amount from Employees it doesn't want to contribute such a huge amount.
Can it be rectified by registering now? will the Dept of PF/ESI/PT ask for the previous data? What kind of penalties can attract now?
Shall the company go forward and register or silently shall it windup and format a new company.
am :confused: please help me out.
Can anybody suggest me on this situation, A company incorporated in 2006-07 having 150 employees, as of now it has not registered under any PF, ESI, PT Act and also it has not filed its Annual Returns with ROC (unknowingly).
Now Co. has roughly calculated the PF Liability i.e. Rs.30Lakhs, since it has not deducted any amount from Employees it doesn't want to contribute such a huge amount.
Can it be rectified by registering now? will the Dept of PF/ESI/PT ask for the previous data? What kind of penalties can attract now?
Shall the company go forward and register or silently shall it windup and format a new company.
am :confused: please help me out.