Settlement

ELUMALAI (Querist) 27 November 2014 This query is : Resolved
Hello experts,

I was worked in a ltd company(Sugar industry) which is listed NSE and BSE and its corporate office at chennai , Nungambakkam.

That are hiring the people from remote villages and paying very low salary which is not sufficient to manage the cost of living in chennai. And the employee's should not ask about their salary before 10 the of the month, and should not ask about salary hike after their probation period of one year and also they should not leave that job.

Without knowing all this things I was joined Aug'13 after that only I came to know all this company policies. After got appoint letter only I came to know that notice period 3 months. Anyway I have worked up to sep'14. After that I decide to resign my job worked till oct'14.I begged my and explained about my family situation and my responsibility in family. I had request them yo accept my resignation letter, after discussion of a couple of days my reporting boss is agreed for my resignation.

They have given instruct me for proper handing and also pay for short notice period.

As per their instruction I was handing over everything, and paid short notice period payment which is i bought as a loan for 24% p.a. from non banking organization.

My last working day, they are given reliving letter and agree to settle my final settlement within a week. And inform me to apply for PF after two months.

Last 20 days I am keep on following them no response from employer/management.

My question is
1). As a ltd company is there any time period for settlement? If so how many days/months?
2) how to claim my settlement? Can I take legal action against the company ? Because of their irresponsibility I got too much of stress.
3) Is there any rules /acts to save managerial cadre employees/staffs? If not so always govt (State/central ) how many years will take to frame rules/act? Govt. Only thing about the company/corporate not worry about employee's / labor to save from criminal employer!

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ajay sethi (Expert) 28 November 2014
you can issue legal notice to company to pay your salary dues . file winding up petition against company

Guest (Expert) 28 November 2014
Dear Author,No Company could Winded Up For not paying salary to a person for which they could have their own reasons.Meet the Concerned authority and place your request After that send a Request by Registered Post stating all Details.Still if there is no reply Consult a Local Good Advocate and Serve A notice and Proceed Legally Please.

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