I work as HR representative for a company in the service industry. We have three service lines under one legal entity. One of the three service lines is being separated from the legal entity and sold to a competitor. There will be transfer of assets and employees in due course. New appintment letters (from the company taking over the assets and employees) will be issued early next year. My query is about continuity of employement. If an employee server company A (old company) for 4 years and company B (new cmpany to which the employee is getting transferred into) for one year, can he/ she be eligile for gratuity considering five years of service??
Your response will be highly appreciated.
From India, Mumbai
jaskeeratGreetings of the day!!
It was a pleasure speaking with you.
We at Kapgrow Corporate Advisory Services Private Limited offer a host of Services in the field of HR solutions like Recruitment, Selection, Antecedents Verification, Training & Development, Workforce Surveys, Appraisals, Management of employee welfare trusts, etc.
Further, we also provide Consultancy services pertaining to Corporate Laws, Labour Laws, Industrial Laws, Tax Laws, Compliance Management and Audit, Management Consultancy regarding developing MIS, Organization Structure, etc.
A brief profile of the Company is attached for your ready reference and kind perusal, please.
We would be pleased to be of any help to you.
Thanks & Regards
Jaskeerat Singh Kwatra
Kapgrow Corporate Advisory Services Private Limited
E-173, Kalkaji, New Delhi-110019
Contact No.: 011-40553774, 9811860574
From India, Lucknow