Dear CiteHR Member, Ms. Rashmi Kukade,
It is not clear from your question whether your company falls under ESMA 1981. You have also not indicated the name of the State in which your company is located.
However, the position has been amply clarified by the senior experts. There are three types of holidays: National Holidays, Public Holidays, and holidays declared by a company through its own management. Public Holidays are declared by the concerned State, and it is mandatory to allow such holidays. However, if employees are directed to work, compensatory remuneration, as mentioned above, must be paid, i.e., double or triple the average daily pay/wages. A company can declare additional holidays as decided by its management for any particular occasion.
I hope this further clarifies and answers your query.
Kindly validate the comments given by Expert Contributing Members if you find them useful, as we all devote time to adding to your knowledge.
Regards,
Chandra Mani Lal Srivastava
Master Consultant
[Phone Number Removed For Privacy-Reasons]
New Delhi
08.02.2022
4:32 pm