In continuation of my earlier i seek your advice on the following
a) The employees who have been paid compensation in 2004 when the bank license was cancelled and services discontinued. Only 10 persons were asked to work for the purpose of liquidation of this Multi State Coop Society.
b)The Liquidator who was appointed in Dec2005 has been kind enough to extend all benefits viz. leave,LTC diwali exgratia., salary rise annually etc as done in case of permanent employees ( salary paidon lumsum basis). However PF facility is not extended and no provision is made in the books for gratuity.
c) Please clarify whether these employees are eligible for compensation under Workman Compensation Act,1923, section 14 para (5) and to what extent? If we are not eligibel under WC Act 1923,what compensation can be claimed and under which provision of the law?
d) Please clarify whether the employees are eligible for PF and Gratuity from 2004 onwards which is not extended now. Whether PF and Gratuity can be extended to employees retrospectively from 2004 and those who are on the verge of 58yrs and above ?
e) If the compensation is possible under WC Act,1923 at what stage of liquidation the Liquidator can decide or employees can make their claim for the same?