Gratuity Transfer Dilemma: What Happens When Your Company Gets Acquired?

Dear Seniors. I would like to understand if the gratuity can be transferred in case a certain business is within an organisation is acquired by a different company to form a new company?
25th April 2019 From India, New Delhi

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umakanthan53

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It is to be specifically mentioned in the acquisition deed between the buyer and seller. Otherwise, the affected employees are entitled to retrenchment compensation as well as gratuity from the seller. Please refer to sec. 25-FF of the ID Act, 1947.
25th April 2019 From India, Salem

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Related Files & Downloads Shared By Members

 Legal Clarification on PF Contribution Reduction & Transfer of Ownership & Management.pdf

 Global Acquisition Strategies for Family Business.pdf

 Gratuity Form I.doc

Gratuity Transfer Dilemma: What Happens When Your Company Gets Acquired?

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