Hi, My father owns a small manufacturing plant in Mumbai, Maharashtra, employing 5 workers and turnover of less than 1 crore. All the employees are working without any written agreeement and paid between Rs.7,000 to Rs. 15,000 as salary per month in cash every month. On my father's demise, I tend to terminate 2 employees from the company on account of fraud. I can safely prove the fraud and the loss thereof that my firm has incurred because of them.
a. In this scenario (no agreements, salary paid in cash), how much do I have to pay them as full & final compensation at the time of termination?
b. Due the fraud that they have committed (and agreed to verbally), can I terminate their services immediately and without any compensation?
A bit urgent, so appreciate your response at the earliest.
Regards,
Kush
