Salary issue
Rohan Shetty
(Querist) 24 November 2013
This query is : Resolved
I had Started up with a business ( Sales unit for A MNC company)
Now the sitiation is i have to shut down due to unfortunate circumstance in 35 days .
The issue is i Could not arrange for the expected funds .
I had recri=uited Staff 6 Employees .
The staff used to Report to office but has had no productive operations .
I informed the staff that i will be shutting down and will be paying their salaries .
Each one of them are creating a Neuicense .
I gave them a PDC .just to avoid a sitiation . The day passed off . i still am not able to Arrange for the money
I do not want to be unethical . but this is a genuine business loss .Some are threathing to raise a police complain and some are tryingto creat local political pressure .
I do not wish to escape the pay , as i feel it was my mistake for non arrangement of funds , I just wish to buy some time and pay them .
What is the legal procedure to get out of this situation.
Who should i consult -
I have not given them a offer letter or any other document .But it has become embarrassing .Please help me if i can get one month time to arrange for the money . I am continuously being harassed and threatened .they are also kinda involving unnecessary people .
Kumar Doab
(Expert) 24 November 2013
The non issuance of appointment letter may itself be a violation of Shops and Commercial Establishments Act of your state.
You have issued the PDC and if the cheque bounces it can invite NI Act.
The employees already know whom to approach.
Pay them their dues and close the matter.
Rajendra K Goyal
(Expert) 24 November 2013
Arrange the funds and end the dispute.
Rajendra K Goyal
(Expert) 25 November 2013
Non timely arrangement of funds may land you in no. of troubles legal and otherwise also.
