Hello, my company was a proprietorship firm until 6 months ago. We have now become a privately held company. The company name is different now, but the management remains the same. I have some employees working with me prior to this change. Now, one of them wants to resign, and I have to issue an experience letter.
Issuing the experience letter
How should I issue the experience letter? Please provide a detailed format. I also want to know if I need to give a new set of offer letters to all the employees after the conversion date, or if a letter stating the conversion will suffice. How should I handle this situation?
Please advise.
Regards, Piush.
From India, New Delhi
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Issuing the experience letter
How should I issue the experience letter? Please provide a detailed format. I also want to know if I need to give a new set of offer letters to all the employees after the conversion date, or if a letter stating the conversion will suffice. How should I handle this situation?
Please advise.
Regards, Piush.
From India, New Delhi
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Continuity of Service and Liability Considerations
The company's Articles of Association or its Memorandum of Association provide for the continuity of service of these employees. Unless it is so, there cannot be any continuing liability as the nature of the firm has undergone a change.
Asset and Liability Undertaking
Is the Pvt Ltd Company undertaking the assets and liabilities of the proprietary firm? All these issues need to be looked into.
Issuing Offer of Appointment
If you have not already given an offer of appointment, it is high time you should issue one, whereby you can make it specific with regard to the previous service.
From India, Mumbai
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1593The company's Articles of Association or its Memorandum of Association provide for the continuity of service of these employees. Unless it is so, there cannot be any continuing liability as the nature of the firm has undergone a change.
Asset and Liability Undertaking
Is the Pvt Ltd Company undertaking the assets and liabilities of the proprietary firm? All these issues need to be looked into.
Issuing Offer of Appointment
If you have not already given an offer of appointment, it is high time you should issue one, whereby you can make it specific with regard to the previous service.
From India, Mumbai
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