query related to employees of associate companies
skg
(Querist) 10 February 2012
This query is : Resolved
Dear experts,
Company A and company B are two associate companies.
1) In annual report of company A it is written under related party disclosures of Accounting Standard-18 that Managing Director cum Chairman of company A has significant influence on Company B.
2) Some employees of Company A were given full and final settlement amount like leave encashment ,LTA but not the gratuity from company A and they were issued new appointment letter (of immediate next date of leaving company A) in company B with a clause that for gratuity, promotion etc there services period with company A will be considered in company B
My question to experts is
1) Whether associate companies can do such type of arrangements among their employees
2) Whether Law permits this type of continuity of service of employees between two associate companies
3) Whether law will consider Managing Director cum chairman of company A having control of associate company B also as written about significant influence in annual report of company A.
pls give your valuable advice.
Devajyoti Barman
(Expert) 10 February 2012
Mr SKG, you have gorssly misused this platform by posting 4 queries on the same subject matter.
I would urge my friends here to ignore this query like me.
ajay sethi
(Expert) 10 February 2012
repeated query
prabhakar singh
(Expert) 11 February 2012
I ignore this query like Mr.Barman.
V R SHROFF
(Expert) 11 February 2012
I ignore this query like Mr.Barman.
skg
(Querist) 11 February 2012
Dear experts,
It seems that the software/system of lawyersclubindia.com has generated some error at the time when i posted my query and hence this query appears to you as repeated 4 times but I am unable to see my same 4 queries on my computer.
Any how if you still think that this is my fault I apologige for it and request all of you to give your advises.
