Liabilities Of A Private Company

shradhabehuria@gmail

Dear All,
Can you please suggest me what are the liabilities of a private limited company regarding employees incase company is shutting down or dissolve!

Ashoknegidi

Hi,
Please find the below the list liablities towards employees if organization is going to shut down.
1. Leave Encashment,
2. Bonus
3. Arreares
4. PF clearnce
5. Gratutity
6. Notice Period amount.

shradhabehuria@gmail

Dear Mr. Ashok ,
Thanx for your immediate response on my query.Also you are requested to kindly put some light on Notice period amount as per Act/law.
Regards,
Shradha

Ashoknegidi

Hi,
It has to define by the employer, while giving the notice appointment letter you clearly mentioned that the notice period days.
30 days is notice period you need to pay 30days salary while the organization is going the shut down.

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