Refer the Bombay Shops and Establishments Act, 1948
Section 66: Notice of termination of service
No employer shall dispense with the services of an employee who has been in his [continuous employment] -
a) for not less than a year, without giving such person at least thirty days notice in writing, or wages in lieu of such notice:
b) for less than a year but more than three months, without giving such person at least fourteen days notice in writing, or wages in lieu of such notice:
c) Provided that such notice shall not be necessary where the services of such employees are dispensed with for misconduct.
[Explanation - For the purposes of this section, "misconduct" shall include -
a) absence from service without notice in writing or without sufficient reasons for seven days or more;
b) going on or abetting a strike in contravention of any law for the time being in force; and
c) causing damage to the property of his employer.
If you still have any doubts then consult your Labor Consultant or your PF Consultant for more clarity on the same.
Regards