please suggest the best measure in the following scenario;
in our factory there are around 50 no. of contractors who has to comply with different statutory provisions including PF & ESI. we as PE ensure that contractors deposit pf and esi within time else we pursue on regular basis till they comply however few contractors remain defaulters on the ground of non depositing pf, esi for around 3-4 months though the no. is very less as around 5-6. we are on hold of all their pending bills till they update status. recently management is asking whether we can calculate the liability on a/c of pf & esi and deduct the same from vendors pending bills and deposit the same with authorities. as I know, with the invention of online payment system of pf & esi and as these organisations have their own pf, esi code and thereby have individual user id & password, we as PE wont be able to deposit the pf & esi cont. in their a/cs which was earlier possible with manual system.
plz guide.
Regards,
DG
in our factory there are around 50 no. of contractors who has to comply with different statutory provisions including PF & ESI. we as PE ensure that contractors deposit pf and esi within time else we pursue on regular basis till they comply however few contractors remain defaulters on the ground of non depositing pf, esi for around 3-4 months though the no. is very less as around 5-6. we are on hold of all their pending bills till they update status. recently management is asking whether we can calculate the liability on a/c of pf & esi and deduct the same from vendors pending bills and deposit the same with authorities. as I know, with the invention of online payment system of pf & esi and as these organisations have their own pf, esi code and thereby have individual user id & password, we as PE wont be able to deposit the pf & esi cont. in their a/cs which was earlier possible with manual system.
plz guide.
Regards,
DG