If company is closed because of loss, in this situation also company is liable to pay gratuity of those employees who complete 5 yrs. Thanks
From India, Mumbai
From India, Mumbai
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The tying up with insurance company is intended to cover this area specifically. A trust is formed wherein the company is supposed to keep the amount separate for the purpose of Gratuity payment and it is applicable irrespective of whether the company is incurring loss or making profits.
From India, Hyderabad
116From India, Hyderabad
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