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ARUP CHAKRABARTY   04 September 2016

Staff right

HI

I AM WROKING IN A PVT LTD CO., WHO IS DOING BUSINESS OF AGENCY FOR CAGO BOOKING AND SHIPPING FOR EXPORT AND IMPORT OF A FOREIGN CO, NOW PRINCIPAL OF OUR COMPANY(FOREIGN CO) IS BECAME INSOLVENT, IN THIS SITUATION, OUR COMPANY(PVT LTD CO, AS REGISTERED UNDER INDIAN COMPANY ACT) IS TERMINATING US.

MY QUESTION IS, WHETHER COMPANY IS LAIBLE TO PAY THREE MONTHS COMPENSATION, WHICH HAS MENTIONED AS PER OUR APPOINTMENT LETTER AND PAY ALL LEGITIMATE CLAIM, AS PER APPOINTMENT LETTER.

PLEASE ADVISE ME WITH YOUR VALUED OPENION.

ARUP CHAKRABRTY

 



Learning

 1 Replies

Kumar Doab (FIN)     04 September 2016

The insolvency of so called principle is binding on you (employees).

Your employer is  not inslovent.

Is your employer mentionning reason for termination in termination order?

Has it issued termination notice or termination order?

If notice period of 90days is mentioned in appointment letter then it is the min. that should be paid.

 

Scope of retrechment comepnsation or other as per service coditions can be opined by a very able counsle that has examined all docs on record.

 


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