Hi Forum,
Can any private limited company cut some amount for salary for as a security deposit even if bond is signed ?
What is working hours for any private limited company ?
Alpesh (Owner) 03 September 2014
Hi Forum,
Can any private limited company cut some amount for salary for as a security deposit even if bond is signed ?
What is working hours for any private limited company ?
Kumar Doab (FIN) 03 September 2014
The deduction from earned wages of employee, work hours can only be in line with enactments applicable e.g.;
Payment of Wages Act
(name of the state) Shops and Commercial Establishments Act etc…………….
The company might have obtained your acceptance for deduction of this security amount by a private agreement signed by you.
Show all doc signed by you to your Labor Consultant/Service Lawyer………………….
If the company has not incurred any expense on Training that added some certified qualification/skill to you then your lawyer may opine that BOND is unconscionable, VOID…………………..and so the deduction………..
Work hours are;8/day exclusive of breaks.......................48 hrs/week.............................beyond this OT should apply.OT should be paid with monthly wages on usual pay day.
Alpesh (Owner) 04 September 2014
Thanks Kumar