Dear All, can you please suggest what the liabilities of a private limited company are regarding employees in case the company is shutting down or dissolving?
Thank you for your immediate response to my query. I would also like to request your assistance in shedding some light on the notice period amount as per the Act/law.
It has to be defined by the employer that in the notice of appointment letter, the notice period days are clearly mentioned. The notice period is 30 days, and you need to pay 30 days' salary when the organization is going to shut down.
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