Compensation to managers in case of company closure

vandanaahuja (Querist) 17 October 2014 This query is : Resolved
I was appointed as general manager / authorised director by an indian company and was posted abroad for there 100 % owned subsidiary company , now we closed down the operation and they have no senior position vacant in india so can not offer any job in india . Pl clarify weather we are entitle for any compensation or closure benefits .

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Kumar Doab (Expert) 17 October 2014

You may refer to the service conditions inserted in appointment letter/contract of employment, HR policy/Service Rules and regulations of the establishment and refer to clauses on Lay Off compensation……………..
Min amounts shall be the notice period/pay in lieu of it, and Max amounts is the compensation claimed by you/awarded by the court of law.
Has the establishment communicated closure of the firm and Non Availability of the alternative position in writing?
A Law firm where you are located can advise you further.