Process for Changing Proprietor Name in PF and ESI Registrations
A proprietorship firm wants to change the name of the proprietor in PF and ESI registrations. The new proprietor is the daughter of the existing proprietor. Please suggest the process. Is there a change in the ST number as well?
Regards,
AK
Gurgaon
From India, New Delhi
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5A proprietorship firm wants to change the name of the proprietor in PF and ESI registrations. The new proprietor is the daughter of the existing proprietor. Please suggest the process. Is there a change in the ST number as well?
Regards,
AK
Gurgaon
From India, New Delhi
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Since a new proprietor is taking over the factory or establishment which is already registered with ESIC, compliance should continue using the same code. Any necessary changes regarding the proprietor, bank account, etc., can be made by applying online at www.esic.in. For any other specific queries, please address them to [Email Removed For Privacy Reasons].
Thank you.
From India, Gurgaon
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Thank you.
From India, Gurgaon
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There is no concept as such of a change of proprietor. The business of a proprietor has no independent existence; it is an extension of the proprietor. So, in the change of proprietor, it amounts to the sale of the business, and the same procedure will be necessary.
If you do want the business continuity, then it may be a good idea to convert it into a partnership. Please speak to your CA or tax advisor and figure out what you need to do.
From India, Mumbai
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If you do want the business continuity, then it may be a good idea to convert it into a partnership. Please speak to your CA or tax advisor and figure out what you need to do.
From India, Mumbai
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Change of Owner in PF and ESI Registrations
If there is any change of owner, you have to submit Form 5A to the RPFC. Similar provisions are there for ESI as well, i.e., annual information. If, by change of proprietor, the name(s) of employer(s) already given to the authorities are not changed, then there is no need to inform them.
Regards,
Varghese Mathew
[Phone Number Removed For Privacy Reasons]
From India, Thiruvananthapuram
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If there is any change of owner, you have to submit Form 5A to the RPFC. Similar provisions are there for ESI as well, i.e., annual information. If, by change of proprietor, the name(s) of employer(s) already given to the authorities are not changed, then there is no need to inform them.
Regards,
Varghese Mathew
[Phone Number Removed For Privacy Reasons]
From India, Thiruvananthapuram
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