I work with a brokerage firm which has decided to cease operation in a month's time but the company will be alive for some months/ years. My basic pay is INR 50,000 per month.
As per my employment letter (on company letter-head and signed by a director), I am entitled to incentives of significant amount.
The CFO of the company (who is also the only whole time director and signed my employment letter and will soon resign from the directorship and employment of the company) has approved my incentive working and e-mailed (not CC'ed to me) it to ex-CEO, who is now an independent director bur continues to be the de facto boss. The ex-CEO, now an independent director, is holding back the payment asking me to be generous.
The company is cash rich anddiverted significant amount of funds to promoter group companies in last 2 years. Also, it will not go for insolvency.
Kindly help.
