Dear all,

i have a clarification.

Here there is a Canteen in a factory run by contractor, there are 4 employees of this contractors.

This factory is however covered with ESI & PF clauses, but this contractor has not get himself regsitered under ESI PF.

when told that now the Company has to deduct ESI PF for this contractor on bill, the company said that bill is raised for only food bill charges.

however the company has suggested the contractor to get himself regsitered for PF ESI.

Is this approach right by the company?
since there is no detail on basic or gross earning what amount should then company deduct ESi PF.?
Further what are the consequences to be faced by the company as the Contractot has not registered neither company.
is there any penalty,fine,imprisonment for Company.?
Also is there any time limit within which registration should happen by Contractor?

kindly clarify Pls.

Ragards
Feroz

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RESPECTED SIR...

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Suppose a Chartered Accountant in Practice act as a guarantee for an education loan for his son in a Bank(Holding Compamy). Now my doubt is whether he can accept an offer for Statutory Audit of bank which is the Subsidiary of the above mentioned Holding Co.Whether his acceptance pave way for any diaqualification under sec: 226 of the Companies Act,1956?



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