Our company is a partnership company... We are moving our partnership company into other firm which is a private limited company. In partnership company we have 7 employees, who needs to be transferred to private limited company.
I would like to know to the procedure to be followed for transferring these 7 employees to private limited company.
What kind of documentation or letters we need to provide for employees ?
In case any employee still serving under 3 year service agreement with active bond. Do we need to prepare new service agreement in the private limited company name ? And what would be the process of gratuity deduction?
What would be his/her service period should be considered in service agreement under service bond ?
Kindly suggest the procedure. This is on a urgent basis.
From India, Hyderabad
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