Hello, I am trying to find out the exact rules regarding the maximum time delay allowed to a Ltd. services firm for the full and final settlement of a separated employee. I was released on 17th October 2016, and still (after more than the last month), my F&F (in terms of an experience letter and one month's salary) has not been completed by the organization, even though there are absolutely no dues from my side towards the organization. HR is attempting to postpone it with many irrelevant reasons. I believe that generally, it should not take more than 30 days after separation. Can you please guide me on how I should handle the current situation and expedite the completion of my F&F as soon as possible? Your advice would be greatly appreciated.
Thanks & Regards,
Ashish
From India, Pune
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Thanks & Regards,
Ashish
From India, Pune
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Under the Payment of Wages Act, in case of termination, the settlement has to be made within 2 days of termination. There are also specific provisions made under the Bombay Shops and Establishment Act. You must contact your local labor inspector and file a complaint for the recovery of money. See the website below for details.
From India, Kolkata
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180From India, Kolkata
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Your wages and salary need to be paid to you within 2 days from the last working day. The rest of the dues - gratuity, leave wages reimbursement, etc., should be done within 30 days.
Bonus may be paid at the same time or when it is paid next year to the rest of the staff.
From India, Mumbai
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Bonus may be paid at the same time or when it is paid next year to the rest of the staff.
From India, Mumbai
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Full n final settlement.doc