There is a confusion while filling the Form 5A, which has to be filed by an organization with PF authorities regarding ownership details. As per Sections 2(e) Provisions of the EPF Act, 1952 "Every employer in relation to a factory or other establishment to which the Act applies on the date of coming into force of the Employees’ Provident Funds (Tenth Amendment) Scheme, 1961, or is applied after that date, shall furnish in duplicate to the Regional Commissioner in Form No. 5A annexed hereto, particulars of all the branches and departments, owners, occupiers, directors, partners, manager or any other person or persons who have the ultimate control over the affairs of such factory or establishment and also send intimation of any change in such particulars, within fifteen days of such change, to the Regional Commissioner by registered post and in such other manner as may be specified by the Regional Commissioner:".
What if the ultimate control is with parent company which is having 93% of shares and how to disclose the information in form 5A in the particulars of owners information section.Either to give the details of all the shareholders of the parent company or the shareholders having ultimate control over parent company.
Please solve the issue asap. Thanks in advance.
CAclubindia
