Fewer Employees After Split: Do I Still Need to Pay Provident Fund Contributions?

Currently, we have 20 employees, including security (contract employees). We are planning to split our operations into two companies. The company under which I am currently running operations will now have only 7-8 employees. Do I still need to continue paying them PF?

Once the company is enrolled in any statutory schemes such as ESI/EPF, even if the number of employees reduces to 7-8, as you mentioned, it is mandatory to continue. Even if there is only 1 employee, these enrollments must still be maintained.

If the employees are already a part of PF, then irrespective of the applicability, the employer has to get enrolled in PF. For any further information on statutory compliances, please visit: http://stacowiki.in/en/