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Alpesh (Owner)     03 September 2014

Salary retention

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 ?



Learning

 2 Replies

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.

1 Like

Alpesh (Owner)     04 September 2014

Thanks  Kumar


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