Dear
The response:
1) Is there any legal action that could be initiated against me, if I don't serve the 2 month notice period and only serve a month's notice period and pay a month's basic salary in lieu of remaining period?
Company can recover the Notice pay Salary and make the adjustment in your F &F.In case you serve one months then you will have to be ready for the Notice pay agreed as per your terms of Appointment.
2) Can a company hold back my relieving letter even if I serve for a month and paid a month's salary in lieu of notice period.
It cannot.
3) What is the importance of relieving letter, if I have all my payslips, offer letter, appraisal letter to support my experience.
It depends on your next employer.if you are going to be self employed nothing matters.
4) Do the company have the right to hold back my salary, my benefits and PF renumerations?
They cannot.
With Regards
VS Rajan Associates,
Advocates & Notaries,
No.27, Ist Floor, Singapore Plaza,
No.164, Linghi Chetty Street,
Chennai - 600 001.
E-mail :

,
Off : 044-42620864, 044-65874684,
Mobile : 98401 42164.