Hi Friends,
There is an interesting case I want to put forth to you. If an employee resigns and comes after 2 years to collect his dues, would it be the liability of the employer to pay him? Here, my question is, for how long can we hold the final salary? Secondly, where will this amount of final salary go? Will it be deposited back into the company's account or somewhere else?
I tried to search it online and some bare acts, but it was in vain. Please also provide me with some references for it, some judgment/order, or abstract from any act because I have to discuss this with finance people.
Regards,
Sandeep Kulkarni.
From India, Vadodara
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5There is an interesting case I want to put forth to you. If an employee resigns and comes after 2 years to collect his dues, would it be the liability of the employer to pay him? Here, my question is, for how long can we hold the final salary? Secondly, where will this amount of final salary go? Will it be deposited back into the company's account or somewhere else?
I tried to search it online and some bare acts, but it was in vain. Please also provide me with some references for it, some judgment/order, or abstract from any act because I have to discuss this with finance people.
Regards,
Sandeep Kulkarni.
From India, Vadodara
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Dear Sandeep,
According to the law, we have to wait for three years for the employee to come. If he does not turn up to collect his dues, we will intimate him through post to collect his dues. Even if he does not come, we will have to deposit the amount in the Government's Labour Welfare Fund.
Sangeeta
From India, Ranchi
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According to the law, we have to wait for three years for the employee to come. If he does not turn up to collect his dues, we will intimate him through post to collect his dues. Even if he does not come, we will have to deposit the amount in the Government's Labour Welfare Fund.
Sangeeta
From India, Ranchi
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dear unpaid wages to deposited in labour welfare fund as sangeeta said but i think now period is changed and it should be deposited after two years. tks j s malik
From India, Delhi
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From India, Delhi
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Dear Sandeep Kulkarni,
If you have not deposited this amount with the Welfare Commissioner, then pay him his legal dues. The State Labour Welfare Fund Act specifies the period of withholding of the unpaid accumulation by the employer. Please go through this Act and take action accordingly.
Regards,
R.N. Khola
(Labour Law & Legal Consultants)
09810405361
From India, Delhi
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If you have not deposited this amount with the Welfare Commissioner, then pay him his legal dues. The State Labour Welfare Fund Act specifies the period of withholding of the unpaid accumulation by the employer. Please go through this Act and take action accordingly.
Regards,
R.N. Khola
(Labour Law & Legal Consultants)
09810405361
From India, Delhi
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TN Labour Welfare Fund 2018.pdf
Statewise Labour Welfare Fund.xls