sorry for delay on answer, sir and an honest comment but i believe that, "The shoe that fits one person pinches another; there is no recipe for living that suits all cases". THANKS FOR YOUR COMMENT, IT HAS ENCOURAGED ME. I MEAN IT.
Gauri Wrote on
11 August 2009
Need help to understand the Severance Law in Maharashtra.
1. Internet Company(Brand websites/Brand services) registered with Company ACT, has more than 20 and less than 100 employees in Maharashtra, is termed Industry or Shop?
2. Production Manager/Tech Head, permanent, worked for 2 yrs is termed as a Worker?
If the above company, as part of layoff, due to Loss and hence Slow down in Production, and hence redundancy of resource, tries to layoff the above Employee to control costs, is the company entitled to pay severance pay in addition to 1 month notice period?
Also what if the Employee contract just mentions "termination from either end will have to give 1 month notice".
I appreciate if you could explain me what the Law would be in the above case and if the employee has completed 2 yrs in the organization.