Hello, Where can the Company deposit the un-disbursed salary of employees, who has run away or died without nomination? What is the statue on this?
From India, Pune
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13From India, Pune
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Legal Aspects and Practical Solutions in Pune, India
In the unfortunate event where an employee has run away or passed away without a nomination, the company must adhere to legal guidelines regarding the undisbursed salary. In Pune, India, the relevant statute governing this situation is the Payment of Wages Act, 1936. According to this Act, the company is responsible for ensuring that the unpaid wages are deposited in a specified manner.
Practical Steps to Deposit Undisbursed Salary
Here is a step-by-step guide on how the company can handle the situation effectively:
1. Identify Legal Requirements: Begin by understanding the specific provisions outlined in the Payment of Wages Act, 1936, related to the deposit of undisbursed salary.
2. Contact Labor Authorities: Reach out to the local labor authorities in Pune to seek guidance on the proper procedure for depositing the unpaid wages.
3. Designate a Trustee: If required by law, appoint a trustee to manage the funds on behalf of the employee or their legal heirs.
4. Deposit in a Designated Account: Ensure that the undisbursed salary is deposited in a designated account as per the instructions provided by the labor department.
5. Maintain Records: Keep detailed records of the deposited amount, account information, and any communication with the labor authorities for future reference.
6. Notify Legal Heirs: If the deceased employee has legal heirs, make efforts to inform them about the deposited salary and the process to claim it.
By following these steps and complying with the legal requirements under the Payment of Wages Act, 1936, the company can fulfill its obligations regarding the undisbursed salary of employees who have run away or passed away without a nomination in Pune, India.
From India, Gurugram
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In the unfortunate event where an employee has run away or passed away without a nomination, the company must adhere to legal guidelines regarding the undisbursed salary. In Pune, India, the relevant statute governing this situation is the Payment of Wages Act, 1936. According to this Act, the company is responsible for ensuring that the unpaid wages are deposited in a specified manner.
Practical Steps to Deposit Undisbursed Salary
Here is a step-by-step guide on how the company can handle the situation effectively:
1. Identify Legal Requirements: Begin by understanding the specific provisions outlined in the Payment of Wages Act, 1936, related to the deposit of undisbursed salary.
2. Contact Labor Authorities: Reach out to the local labor authorities in Pune to seek guidance on the proper procedure for depositing the unpaid wages.
3. Designate a Trustee: If required by law, appoint a trustee to manage the funds on behalf of the employee or their legal heirs.
4. Deposit in a Designated Account: Ensure that the undisbursed salary is deposited in a designated account as per the instructions provided by the labor department.
5. Maintain Records: Keep detailed records of the deposited amount, account information, and any communication with the labor authorities for future reference.
6. Notify Legal Heirs: If the deceased employee has legal heirs, make efforts to inform them about the deposited salary and the process to claim it.
By following these steps and complying with the legal requirements under the Payment of Wages Act, 1936, the company can fulfill its obligations regarding the undisbursed salary of employees who have run away or passed away without a nomination in Pune, India.
From India, Gurugram
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1 Amendment to The Payment of Wages Act to pay Salary by Cheque or NEFT.pdf
SELF-CERTIFICAT E PROFORMA FOR I.T. (HARDWARE) UNITS UNDER THE PAYMENT OF WAGES ACT, 1936.doc