Dear All,
My brother was working in a small private company with 90+ employees as Manager/Supervisor and has resigned now.
The company has transferred certain amount to his bank account and is refusing to provide the Full & Final settlement computation details.
My brother insisted on this document as he is unable to know what is transferred as settlement amount is correct or not.
When my brother asked for Separation policy nor Separation process, Company replied - Since ours is a small company, we neither have Separation policy nor Separation process nor any such defining documents. Whatever we decide case to case basis is our final decision.
The Company has replied as follows:
(a) Under which Indian Law or Act, the Company is COMPELLED to provide F&F Document?
(b) Under which Indian Law or Act, the Company has to follow certain Norms or Methods, to prepare F&F Document?
(c) Since you are in Managerial role, there is no Law or Act, which can COMPEL the Company to provide F&F Document?
(d) So, whether you were working/present in office for all 27 working days in a moth or not, does not matter. It is Company's prerogative to pay you for 15 days as 'settlement". Take that and go away. You cant question us, nor can you challenge us per law.
IS THIS TRUE? CAN SOME EXPERT THROW SOME LIGHT ON THIS?
ARE THERE ANY LAW/ACT, WHICH GOVERNS FULL & FINAL SETTLEMENT FOR PEOPLE IN MANAGERIAL ROLE?
IF THIS IS TRUE, THEN HOW DANGEROUS AND HELPLESS THE RESIGNED EMPLOYEE BECOMES.
My brother was working in a small private company with 90+ employees as Manager/Supervisor and has resigned now.
The company has transferred certain amount to his bank account and is refusing to provide the Full & Final settlement computation details.
My brother insisted on this document as he is unable to know what is transferred as settlement amount is correct or not.
When my brother asked for Separation policy nor Separation process, Company replied - Since ours is a small company, we neither have Separation policy nor Separation process nor any such defining documents. Whatever we decide case to case basis is our final decision.
The Company has replied as follows:
(a) Under which Indian Law or Act, the Company is COMPELLED to provide F&F Document?
(b) Under which Indian Law or Act, the Company has to follow certain Norms or Methods, to prepare F&F Document?
(c) Since you are in Managerial role, there is no Law or Act, which can COMPEL the Company to provide F&F Document?
(d) So, whether you were working/present in office for all 27 working days in a moth or not, does not matter. It is Company's prerogative to pay you for 15 days as 'settlement". Take that and go away. You cant question us, nor can you challenge us per law.
IS THIS TRUE? CAN SOME EXPERT THROW SOME LIGHT ON THIS?
ARE THERE ANY LAW/ACT, WHICH GOVERNS FULL & FINAL SETTLEMENT FOR PEOPLE IN MANAGERIAL ROLE?
IF THIS IS TRUE, THEN HOW DANGEROUS AND HELPLESS THE RESIGNED EMPLOYEE BECOMES.