Hi,
I’m working in a Financial Company & we have a sub branch of Real E-state, both of the companies are separate Pvt. Ltd. farm with two different group of employee but both group employees are getting the salary from its own enrolled farm, means 1st Company (F.C.) employees from 1st Company (F.C.) & 2nd. Company (R.E) employees from 2nd. Company (R.E), as because both of the companies are partly & partially involve to each other so the salary amount which is given to employees should be distribute by both of the company (means each company should give 50% of salary to other else both the companies gonna give penalty for this.
So, can anybody suggest me how to be penalty free from this procedure & what we should write in all employees appointment letter? How they would be enrolled into both of the company?
Waiting for the response!
I’m working in a Financial Company & we have a sub branch of Real E-state, both of the companies are separate Pvt. Ltd. farm with two different group of employee but both group employees are getting the salary from its own enrolled farm, means 1st Company (F.C.) employees from 1st Company (F.C.) & 2nd. Company (R.E) employees from 2nd. Company (R.E), as because both of the companies are partly & partially involve to each other so the salary amount which is given to employees should be distribute by both of the company (means each company should give 50% of salary to other else both the companies gonna give penalty for this.
So, can anybody suggest me how to be penalty free from this procedure & what we should write in all employees appointment letter? How they would be enrolled into both of the company?
Waiting for the response!