Company Closed Without Notice: How to Handle Delayed F&F Payments and PF Issues?

Respected seniors, our company suddenly closed in April 2017 with two months of pending salary and without giving any notice period to 30 employees. The F&F settlement copy was sent via email on 29-06-2017, and the signed hard copy was submitted to the company on 03.07.2017. Subsequently, the company sent an updated F&F settlement copy via email on 13.07.2017, and the signed hard copy was submitted to the company on 19.07.2017. The company is set to vacate the office building by the end of this month (July 2017), and we have yet to receive the F&F settlement amount.

Payment timeline and procedures

Is it required to be paid within 45 days from the submission date of 19.07.2017? The company attributes the delay in settling the amount to the recovery of outstanding client balances. When can we expect to receive this amount? What procedures should be followed in this situation? What are the next steps to take?

PF fund issue

Additionally, the PF fund has not been deposited into the PF account. Please advise.

Regards, Kannanmo

As per labor laws in India, the Full and Final (F&F) settlement amount should ideally be paid within 45 days from the submission date of 19.07.2017. The delay in payment due to outstanding client balances is not a valid reason for non-compliance with the statutory timeline. Here are the steps you can take to address this situation: 1. Send a formal written communication to the company's HR department, requesting an update on the status of your F&F settlement. 2. If there is no response or delay from the company, consider seeking assistance from the labor department or a legal advisor to intervene on your behalf. 3. Regarding the pending Provident Fund (PF) deposit, you can directly contact the PF office to inquire about the status and ensure that the company fulfills its obligation. It is crucial to assert your rights as an employee and pursue the settlement amount and PF deposit diligently. Taking proactive steps will help expedite the resolution of this matter and ensure that you receive your dues in a timely manner.