Respected Seniors, As per the Bombay Shops and establishment act how the leave policies create . means it is counting as a Financial year or on base of calander year . ?
From India, Mumbai
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5From India, Mumbai
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Hi All,
Further to what each of you has mentioned regarding the "CALENDAR YEAR," I would like to gain better clarity on this topic. How does it make a difference? What points should be considered when drafting a policy? For example, our current policy involves leave accrual starting in April, with any remaining balance being paid out in March. Based on the discussions above, are we potentially violating any laws? What is the best practice to ensure compliance with the law? I would appreciate any insights on this matter.
Thank you.
From India, Ahmedabad
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Further to what each of you has mentioned regarding the "CALENDAR YEAR," I would like to gain better clarity on this topic. How does it make a difference? What points should be considered when drafting a policy? For example, our current policy involves leave accrual starting in April, with any remaining balance being paid out in March. Based on the discussions above, are we potentially violating any laws? What is the best practice to ensure compliance with the law? I would appreciate any insights on this matter.
Thank you.
From India, Ahmedabad
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