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Dear All, Can you please suggest me what are the liabilities of a private limited company regarding employees incase company is shutting down or dissolve!
From India, Gurgaon
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Hi, Please find the below the list liablities towards employees if organization is going to shut down. 1. Leave Encashment, 2. Bonus 3. Arreares 4. PF clearnce 5. Gratutity 6. Notice Period amount.
From India, Hyderabad
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Dear Mr. Ashok , Thanx for your immediate response on my query.Also you are requested to kindly put some light on Notice period amount as per Act/law. Regards, Shradha
From India, Gurgaon
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It has to be defined by the employer that in the notice of appointment letter, the notice period days are clearly mentioned. The notice period is 30 days, and you need to pay 30 days' salary when the organization is going to shut down.
From India, Hyderabad
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