Payment of gratuity before pvt.ltd.,
SRIDHAR
(Querist) 28 June 2012
This query is : Resolved
Dear Sir,
My client's company converted in 1980 as pvt.ltd., before it was a proprietory concern.
One of our employee joined before pvt.ltd., in 1970.
The employee is retiring in 2012. What is the period to be taken as a gratuity.
Whether period from 1980 or 1970. But the client covered under Group Gratuity Fund under LIC.
Is it applicable from 1970(from proprietory concern) or 1980(from pvt.ltd.,).
Please advise any body in this regard.
Sankaranarayanan
(Expert) 28 June 2012
the service is form 1970
bcz then same employement number was given to him and paid the pf form 1970 to 2012 by that same account rte
so you have to give according to that
Guest
(Expert) 07 July 2012
It will depend upon terms of engagement.If after conversion,they re-engage employees with fresh appointment letters , then fron 1980.Otherwise,from 1970.However ,in the later case , they issue formal lettera/a circular,that services of employees will be counted from the date of their joining in the former organisation.
