Anonymous
06 September 2015 at 21:45
Dear sir
I resigned from my job some time back. The notice period is of 2 months as mentioned in my offer letter, which I am serving in good faith. However, I have come to know that the organisation does not pay salary during the notice period and clears the same at the time of full n final which is 45 days after the last day of employment.
I want to know
1. Is it legal for the organisation to withold salary during notice period?
2. What is the duration of full and final?
3. Also, In the last FY I was eligible for bonus, half of which was paid AMD rest was supposed to be paid in september. I have been told that since I resignedy bonus amount will not be paid. Is this legal? The bonus is for the work done in last FY, can they withold it?
Kindy respond, I am dependent on my salary, I won't survive if I do not get it for 60+45 days.
4WhatIsRight
06 September 2015 at 20:29
Dear Friends,
One company limited by shares has decided to close down their unit alleging they are not in a position to run the same citing various reasons.
The reasons shown by the management are not real but intentional.
False losses have been created by diversion of funds.
The company has not booked orders intentionally to show that there is no demand for their products.
The real intention of management is to dispose off the property and invest the funds for regular interest income.
The company has loan from bank against first charge on property.
The management has also created false liability towards sundry creditors from their sister concerns.
notice of close down has been served to labour union and labour commissioner for resolution.
one of my friend being from the same trade and profession is interested in running the said unit.
My friend is willing to pay all liabilities and swear affidavit to the effect that he will ensure that company runs for at least next 10 years, despite profit or loss.
Existing management is not willing to listen to his offer as their agenda is clear- to sell the assets.
How shall my friend approach in the issue?
Labour union is interested in my friend's proposal.
can he seek state's intervention in the matter?
Tushar Ghige-Patil
05 September 2015 at 17:03
Respected Sir,
I have given a undated surity cheque to my company. If I have to leave job before the time limit of the company the company will deposit the cheque in bank.
At this stage what are the possibalites that I have in my hand.
please tell me what would happen if I apply in bank to cancel cheque payment.
Paramvir Singh
02 September 2015 at 08:38
Dear sir,
we were enjoying cash credit limit with Kotak Bank Ltd of Rs 30Lacs and Term Loan Of 20Lacs til now.
We moved over to Axis as Kotak was nor providing us with a new CC limit for Our new Venture in the same LAP.
We along with Axis bank had handed over Take Over letter on 1st July 2015 to Kotak. My CC account at Kotak was Debit Blocked for the past 1 Month as the renewal was not done for the Current CC limit at Kotak. After the DD were handed over for Take Over Kotak en cashed the DD on 13th August and Debited My Account for RS.12500/- as interest charged for 13 Days, ending us paying Double Interest One to Axis for the month of July.
On contacting kotak no specific reason is given except that they has processed for the foreclosure to HO which was taking time, that too this communication was verbal and after they Debited us for Rs. 12,500/- with no written communication whatsoever.
Secondly my sanction letter does not mention the foreclosure fees , but they are demanding Foreclosure amount of 2% with service Tax, they say its written in the Master loan Agreement. When I have nothing to pay for the loan than why the Foreclosure amount. Its a cc Limit which they term as "Facility" and not a loan.
Has Law any way to get me out of this.
Thirdly I also had a TERM LOAN as mentioned above in the same account with Kotak, That too was Paid on 1st July, But They also did not en-cashed the amount till date, Saying TL will close only when full amount has been paid. They again have charged us with Interest of July and August in TL Account. As we were fighting over the Foreclosure % amount till now.
We have finally paid the Foreclosure amount and TL Interest today as we had to obtain the NOC and our Property Documents.
Can this Delay in Encashing be questioned and what can be done in Law to bring Kotak Accountable for Miss communicating us and providing us with no Answers.
I have lodged official complaint with kotak on 19th August but nothing has been communicated by far to us.
ankush
01 September 2015 at 14:01
In order to determine whether a director is resident director or not for year 2015, What Would be the 'previous calendar year' for the year 2015 ?
mahendra
28 August 2015 at 16:51
Dear sir/mam,
I am mahendra patil .I was working in boiler manufacturing company since last seven yrs. Now I am starting my partnership co. alongwith co-staff in boiler mfg field.we are four partners in co. During this period we are doing jobs. We are received our co.registration in july first week.And last of july the our employer came to know the our company details.Afterthat employer sms me to take one week break .Till date the employer is not called me for rejoined.But other my partners are still working there.i.e. the employer removed only from the post.
Iam not interested tojoin there. But my last six months salary is pending.The employer is not even reply my sms regarding salary pending.
Sir, I am physically handicapped. Is there illegal to start my partnership while doing job? Pls give advise this matter & how to get back my salary?
Rg
mahendra
Satpal Singh
28 August 2015 at 13:43
Dear All,
Hope you all are doing good.
I have one query regarding m resignation, i have resign my company in 31.07.2014 but my senior have non accepted the resignation stating reason
"With reference to your trailing mail and the discussions I had with you today morning we would like to mention the following:
1. Your resignation has not been accepted by the management.
2. Shortage of cement with value of more than Rs 2 crore has been observed at Raipur, out of which C&F Raipur has paid only Rs 45 lacs so far,
Hence you have to continue with your regular duties, at least upto the time the entire payments against cement shortage are released by M/s XYZ."
Now its around more than one year from the incident and now having O/S of 85 Lacs (Excluding 30 lacs security of C&F).
Can i now leave the company with stating the issue, as my notice period of two month is already clear.
I have already taken no dues letter from the C&F.
Please suggest what to do now.
vikaskkhavare
27 August 2015 at 09:58
DEAR ALL,
HAVE ANY SOLUTION ON RTA CASE IN THE HOSPITAL.
PL REPLAY
REGARDS
CHANCHAL KUMAR
26 August 2015 at 23:29
SIR,
I AM CHANCHAL KUMAR S/O LATE SH. SANT LAL. I AM WORKING IN STATE BANK OF INDIA BAGHAPURANA DISTT MOGA IN PUNJAB SINCE FEB.2013. I WAS SELECTED IN BANK IN HANDICAPED CATEGORY FROM PUNJAB. MY NATIVE PLACE IS SIRSA IN HARYANA.
PLEASE SUGGEST ME THAT IS AM ELIGIBLE FOR TRANSFER TO MY NATIVE PLACE NOW CONSIDERING MY PHYSICALLY HANDICAPED 45% .
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Dear All, kindly opine on the following:
1. I had formed an LLP in 2012, and I had only one business transaction since the inception.
2. I have missed my Annual Filings and now I want to dissolve the LLP.
3. I understand that before that I will be required to comply with the Annual Filings, which is attracting exorbitant penalties, Rs.100 on daily basis.
4. I want to whether there is any provision or procedure for waiver of these penalties, especially as there has been almost no business.
Kindly let me know the steps to get absolved from penalties.
Thanking in Advance....