One of our client has sent the following questions, please send your advice:

1. We have taken the resposibility of running and maintenance of
Government hospitals under the public-private partnership concept. All
the required staffs are appointed by us and we receive Grant from
Government towards salary and administrative expenses. Do we need to
register under PF Act? If yes, do we need to pay the employers
contribution also along with employee contributions? Can we deduct
employer contribution from employees? We will not be reimbursed from
the Government towards employer contribution, if we pay and also we do
not have any other sources of funds for payment of employer
contribution. Other important point is that their services will be
discontinued once the Government hospitals are handed over back to
Government.

2. Apart from the above staff, there are other staffs who are working
in our NGO in difference projects, do they are also covered under the
PF Act once the registration is taken? All the salary payments are
made out of the budget given by the funding agencies. Once the funds
are utilized or the project in completed, they will not be in the
services of our NGO.

3. We are following cash basis of accounting and paying salary only
when the salary grant is received. The grant may be received monthly
or quarterly etc., Do we need to pay employee and employer
contribution (if applicable) monthly, if the grant is received
quarterly once?

Hi,
Request your expert opinion in the following matter:

- We have employees drawing salaries in the range of Rs 8000/- pm to
Rs 2 lacs PM CTC.

-The break up comprises components like
Basic,HRA,Conveyance,PF,Group Medical Insurance,LTA,Medical
Reimbursement and SPECIAL SALARY.

-On an average ,basic is around 25% of CTC and PF is calculated on
this amount.

-PF authorities are insisting that special salary too should have
been taken into account while calculating PF and want us to pay 24%
(12%+12%) on this component(ie special salary) for all the employees
who have worked with us for last 10 years.

Query- Is the stand of PF Department legally correct?

Thanks in advance for your responses.

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CA Ratan K Rathi

if we amalgamte or merge two pvt. ltd. companies, then what will be consiquenses regarding PF and ESI metters.

if we amalgamte or merge two pvt. ltd. companies, then what will be consiquenses regarding PF and ESI metters.

Hi All,

can anyone please tell me on how many rupees stamp paper we need for making an agreement for introducting a new partner and for agreement for retirement of existing partner?

Can we make a single agreement wherein we can admit a new partner and retire an existing partner?

Thanks in advance.

Regards,

Alpa Doshi.

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Dear All,

My query is regarding a partnership firm engaged in MANUFACTURING ACTIVITY having two partners.
The Facts are as under:

Now one of the partner "B" wants to discontinue this partnership. Hence the other partner "A" has agreed to this and wants to continue this business under the same name and wants to admit two new partners and retire partner "B" by paying a lump sum amount for his capital and goodwill.

My query is :

1) From Accounting Point of view:
What shall be the accounting effects of the above? How will the lump sum payment to partner " b" booked in the accounts books and how will the new capital introduced by the new partners shown in the books?

2) From Law point of view:

What happens to the existing :
a) Excise Registration?
b) Vat Registration?
c) Sales Tax Regstration?
d) Pan of the firm?
e) Import Export Licence?

Is new registration required for the above or what have to be done to intimate the respective authorities to intimate the change in constitution of the firm?

Please can anyne help me on above ASAP?

Thanks in advance.....

Alpa Doshi.

wt r the imp areas where w hu 2 through our light on law i mean imp sections

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