Ram K Navaratna
Hr Consultancy
Malikjs
Gm (hr)
Amith R Murthy
Hr Executive
Ppavan.hr
Generalist Hr

Dear Friends, I have following doubts in case of a company closure, 1) To claim Provident Fund should we wait for normal 60days or can we apply before completion of 60days. 2) In case of company got closed before completions of 5years will the employees be eligible for Gratuity or not. If they are eligible than on what basis they will get the amount. What will be other monetary benefit employees can get apart from one-month salary and above-mentioned two things. Let us have discussion on this topic that might help many of us to enhance our knowledge. Looking forward to hear from you people. Thanks & Regards Amith R.
From India, Bangalore
Dear Friend, As per the norms aftr the completion of fiver yers in the Oeg You are eligible to take the Gratuity. Your employer has to forward the req to Concern Off.Where the Org had been Reg? again It Takes More than 60 days. But as per Norms TAT is 60 Days
From India, Hyderabad
P F Company has to forward with PF Number If the Org Belongs Mumbai Then Pf Num Starts With MH Code. It Takes More than 60 Days Normally.
From India, Hyderabad
Dear Amith Answers 1. NOrmal Pf claim submission 60 days - Yes 2. Gratuity on closure of the factory where an employee has not completed 5 years. No 3. Benefits on closure 1. One month notice or pay in lieu of notice. 2. 15 days salary for every completed year of service 3. Leave salary if any 4. Gratuity if eligible Note: On closure what is the total employees strength organisation is important. Thanks Ram K Navaratna HR Resonance Bangalore
From India, Bangalore
1) To claim Provident Fund should we wait for normal 60days or can we apply before completion of 60days. (Oriental) yes you need to wait for 60 days 2) In case of company got closed before completions of 5years will the employees be eligible for Gratuity or not. If they are eligible than on what basis they will get the amount.(oriental) no this is claimable only after the completion of 5 years orf continous service with certain exceptions on account of sickeness etc. What will be other monetary benefit employees can get apart from one-month salary and above-mentioned two things. (oriental) that depends upon the company and its internal policies, for more infor refer to the industrial disputes act
From India, Chandigarh
dear as company has not completed 5 years so no one is eligible for gratuity. if management has not taken permission for closure from labour dept closed suddenly than they have to pay three month salary in lieu of notice pay .you can refer section 25 of ID act .15 days salary also be paid for completing one year service tks j s malik
From India, Delhi
Dear Friends, Thanks a lot for your reply. Can you be more clear on 15days salary for every completed year of service. Looking forward for more replies. Regards Amith R.
From India, Bangalore
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