Need Clarity On Deputation Rules For Employees In Private Sector Companies

Dear Seniors,
I need some clarify.

What are the rules for deputation in Private Companies, when an employee moves on deputation from ABC Co (Parent Co.) to XYZ Co(Deputed Co).

1. I believe the Payroll continues to be maintaned at ABC Co i.e Parent Co. Salary cost will be debited to which company, Parent or Deputed?
2. Is there any maximum period for deputation?
3. Such employees will be governed by administrative policies of which company Parent or Deputed (like office timings, domestic travel, mobile,self education,sabbatical etc )
4. What about the policies with finacial implication (leave, loan, car allowance etc). Which company polcieis will be followed, Parent Co or Deputed Co?

I need your help.Kindly clarify.

An early reply is highly appreciated.

Thanks,

Verma HR

Hi,
According to me since the employee will be on payroll of parent company all policies , rules will be applicable as per the parent company. Regarding timing , it will be in tune with the deputed company. There can't be minimum or maximum time , it will depend upon the requirement of the deputed company.
Regards,
Harshad

What about the statutory benefits?will it be as per the parent company?
Will it be possble to get a smaple of the deputation agreement that would be applicable in such cases??