Section 17B
Liability in case of transfer of establishment.
The Employees Provident Funds and Miscellaneous Provisions Act, 1952
About this Act
An Act to provide for the institution of provident funds pension fund and deposit-linked insurance fund for employees in factories and other establishments.
1[17B. Liability in case of transfer of establishment.--Where an employer, in relation to an
establishment, transfers that establishment in whole or in part, by sale, gift, lease or licence or in any other
manner whatsoever, the employer and the person to whom the establishment is so transferred shall jointly
and severally be liable to pay the contribution and other sums due from the employer under any provision Of this Act or the Scheme or 2[the 3[Pension] Scheme or the Insurance Scheme, as the case may be, in
respect of the period up to the date of such transfer:
Provided that the liability of the transferee shall be limited to the value of the assets obtained by him by such transfer].]
Provided that the liability of the transferee shall be limited to the value of the assets obtained by him by such transfer].]
Notes
1. Ins. by Act 40 of 1973, s. 8 (w.e.f. 1-11-1973).
2. Subs. by Act 99 of 1976, s. 31, for "the Family Pension Scheme" (w.e.f. 7-9-1976).
3. Subs. by Act 25 of 1996, s. 4, for "Family Pension" (w.e.f. 16-11-1995).
2. Subs. by Act 99 of 1976, s. 31, for "the Family Pension Scheme" (w.e.f. 7-9-1976).
3. Subs. by Act 25 of 1996, s. 4, for "Family Pension" (w.e.f. 16-11-1995).