Dear sir,
Very good discussion .Want to add one point more in addition to Mr. Umakanthan's and Mr. MTK's response.If company has no certified standing orders , not formally communicated either in Appointment letter or through Service rules,then Model Standing Orders is applicable. If you suspend a workman, company is under obligation to pay Subsistence allowance as per Model SO, if there is no certified Standing Order, And as per Model Standing orders, the age of retirement is 60 years. Company's role is limited here, no way involved directly or indirectly into loan processing eg. recommendation, sanction or forwarding loan application.Neither company becomes anyway, anywhere Surety or Loan Guarantor in process of giving a letter pertaining to age. Its only role is just to confirm AGE as on date as per company's Record. .
Regds,
RDS Yadav
Director,
Future Instt. of Engg. and management Technology
and
Labour Law Adviser
[Login to view]
Very good discussion .Want to add one point more in addition to Mr. Umakanthan's and Mr. MTK's response.If company has no certified standing orders , not formally communicated either in Appointment letter or through Service rules,then Model Standing Orders is applicable. If you suspend a workman, company is under obligation to pay Subsistence allowance as per Model SO, if there is no certified Standing Order, And as per Model Standing orders, the age of retirement is 60 years. Company's role is limited here, no way involved directly or indirectly into loan processing eg. recommendation, sanction or forwarding loan application.Neither company becomes anyway, anywhere Surety or Loan Guarantor in process of giving a letter pertaining to age. Its only role is just to confirm AGE as on date as per company's Record. .
Regds,
RDS Yadav
Director,
Future Instt. of Engg. and management Technology
and
Labour Law Adviser
[Login to view]