Salary payment from closed company

shailesh pandey (Querist) 14 June 2017 This query is : Resolved
Dear Sir

Kindly advice that a company which is closed its operation in 2016.All employees have received their full & Final Payments including pf,gratuity etc in March 2017.
Whether company can pay its two three persons salary from company's account though its Factory License is also surrendered. Is there any legal complication as there is no any law applicable as three/four persons are remain for looking after the property etc.
regards
shailesh pandey

Follow Query

Report Abuse

Kumar Doab (Expert) 24 June 2017
It might/might not be possible.
Prefer to get opinion from a local counsel specializing in Company matters/CS by showing all docs on record.

Kumar Doab (Expert) 24 June 2017
Or the owners of the property may pay from their resources.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Salary payment from closed company

Similar Resolved Queries :