I joined an organization with a turnover of 1000+ crores, Organization XMC in Hyderabad, and worked as an Assistant General Manager. From 2012, they started defaulting on salary payments, and in January 2014, I resigned as I was unable to continue without salary and had to follow up with vendors for payments.
Financial Overview and Issues
The organization's balance sheet for 2012 shows a turnover of 1245 crores, reserves of 411 crores, a profit of 95 crores, and a 32% dividend. In 2013, no auditor was willing to sign the sheet. Salary payments from June 2013 have not been made, TDS recovered up to May has not been remitted, and there is no Form 16. Additionally, PF deducted from our salaries has not been remitted.
Request for Guidance
Can someone help and guide me on the course of action I need to take to recover my dues?
Financial Overview and Issues
The organization's balance sheet for 2012 shows a turnover of 1245 crores, reserves of 411 crores, a profit of 95 crores, and a 32% dividend. In 2013, no auditor was willing to sign the sheet. Salary payments from June 2013 have not been made, TDS recovered up to May has not been remitted, and there is no Form 16. Additionally, PF deducted from our salaries has not been remitted.
Request for Guidance
Can someone help and guide me on the course of action I need to take to recover my dues?