You have not posted your reply to:
You are located in which state and redg. office of the company is in which state?
How many employees are employed in your establishment?
Are you under probation or your service has been confirmed?
Is it stated that employer can terminate the employment without notice or notice pay in lieu of notice period?
You have posted that:
-----““I need on below cause which is there in my company T&C doc. which i received along with the offer letter. I am ready to buyout but they are agreeing.
“I am ready to buy out the notice period but they are not agree.. Correction of above statement”
Have you affirmed to adjust notice pay ( write it as if applicable in your case) in FNF statement and demanded to supply the original and correct FNF statement as hard copy under seal and signature by hand of the competent employee, for verification and acceptance by you?
----“I have got reply from HR saying they have strict 60 days notice period with no deviation and buyout option is also not available. “
Is this reply in writing?
Has the company changed the policy of notice pay in lieu of notice period and supplied the notice of change in policy to you for acceptance well in time and did you accept it?
If NO the policy, rule of notice pay in lieu of notice period shall remain as effective.
-----“I have started giving handover to my collagues which i dont have much to give.”
Obtain proper cknowledgment.
“But not sure whether they will send me the no dues form or not.”
You may demand to supply the certified copy of exit policy and forms/formats within close of office hours (today) and guide for handover of charge. If company has not placed such policy/forms etc on a shared portal in knowledge domain of employee and does not supply it, despite your affirming to handover of the charge, it may imply no handover etc is desired by the company.
“According to hr not serving notice period is abondened to the policy by me which may lead to termination of an employee (me).”
Is it stated in writing? Have you minuted such discussion?
You should minute all transactions.
-----“"Pay up for the notice period in lieu there of on your annual gross compensation "
“
If in bilateral agreement (e.g appointment letter/contract of employment etc) , rules and regulations, HR policy of the company there is an option to pay notice pay in lieu of notice then it is the max. liquidated damages employee has to pay.
Resignation can be without permission or notice.
Ideally notice pay is @ Basic+DA as employer tenders Bonus, OT, Gratuity, leave encashment at this rate.
You may look into (name of your state) Shops and Commercial Establishments Act and its clauses and provisions, and check your eligibility in terms of number of days for EL/Annual leave with wages and ask in writing to reply to you in writing: at what rate the employer shall tender the payment for EL: Basic+DA or Annual CTC.
Or you may download the leave policy and go thru it.
@ Annual CTC would mean divide it with 12 and arrive at monthly CTC and calculate pro rated amounts.
----“ What legal action they can take if they dont provide me reliving and current month salary’
If they do not pay last month salary then they may deposit PF,ESIC, Group Insurance, TDS too, and it shall be a default.
They can at the most demand notice pay.
However if they indulge in unfair, illegal, unlawful, discriminatory practices then you have all the reasons and rights to proceed against the employer.
It is to be seen that notice period and hence notice pay in your case is applicable or not?
A lawyer can advice you on it after examining your docs and inputs.
Service certificate/work experience certificate is to be issued to all employees.
Model Standing Orders:
16. Certificate on termination of service.--Every permanent workman shall be entitled to a service certificate at the time of his dismissal, discharge or retirement from service.
NOTE. - There is a provision under this Act for issuing a service certificate at the time of dismissal, discharge or retirement and every person is entitled to take such certificate.
17. Liability of 17[employer].--The [employer] of the establishment shall personally be held responsible for the proper and faithful observance of the standing orders.
Enough has been written in this thread.
Now you may fine tune your representations as deemed fit and suitable to you and proceed as deemed fit at your end.
You may approach your lawyer without any hesitation.
The lawyer that has seen all of your docs and has examined the merits can advice you the best.