How much time for Settalment?

Ganesh (Querist) 02 April 2010 This query is : Resolved
dear Experts

I resigned on 1st of Feb.10 but till date company didn't settel the final settalment.
Many a times i personnaly talk to HR and writen mail to HR,HOD and Director also, but till date they not reply my mail.
What to do ?
In legal way how much time period given to company for final settelement?

sugest me legal advice or way...

Thanks in advance.

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adv. rajeev ( rajoo ) (Expert) 02 April 2010
Issue notice to the company giving them 15 days time to settle your salary and other monetary benefits, if they failed you will have to approach the labour court.

Parthasarathi Loganathan (Expert) 02 April 2010
Please also go through your service Regulations and Terms and conditions of employment before it is taken up for litigation.

Raj Kumar Makkad (Expert) 02 April 2010
I do agree with rajeev.

Guest (Expert) 02 April 2010
There is no time limit for final settlement in law. You may send a legal notice to the HR Manager (copy to any Director concerned) prescribing time of 10 days for settlement and finally put a clause failing which you shall claim interest on the amount and also compensation or exemplary damages.

Parveen Kr. Aggarwal (Expert) 02 April 2010
You should serve a legal notice calling upon the management for final settlement and payment of your dues. It is nowhere provided how much time you have to give to the management for compliance of the notice. You may mention any period, a week, 10 days of 15 days to the management to comply with the notice. On failure, you may initiate legal proceedings before the courts and may claim interest on your dues for the period of delay.

O. Mahalakshmi (Expert) 08 April 2010
Final settlement depends upon you. If you feel urgent then issue a Legal notice through a lawyer by giving at least one month time. Then file a case against the management.

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