Loans to workers
Prachi Kaushike
(Querist) 13 September 2014
This query is : Resolved
Can a private limited company give loans to its worker?
under which law?
At what rate of interest?
Sudhir Kumar, Advocate
(Expert) 13 September 2014
repeated
http://www.lawyersclubindia.com/forum/Loans-to-workers-109050.asp#.VBQqV1eO5G0
Anirudh
(Expert) 13 September 2014
Which law authorises / permits you to put this query in this LCI?
Advocate. Arunagiri
(Expert) 13 September 2014
Wow, the list of fans to Mr.Anirudh is getting increased.
Kumar Doab
(Expert) 13 September 2014
Repeated academic query.
HR/CA/CS should preferably avoid to handle maters that pertain to Labor Law/Service matters and have legal implications.
Many employer want HR/CA/CS to meddle into such matters probably……………………. to save money……………………..however such matters be politely sent for counsel handling Labor Law/Service matters and legal cell………………………………….
The employee should understand that employer would want a shoulder to fire and a chest to take the bullet.
Hope it is sufficient.