Should the director of Ltd company also included for the gratuity. Is it mandatory or not. Regards, rishi_p
From India, Delhi
1From India, Delhi
Dear Rishi,
As far as i know if the director is the employee of your organization,what i mean over here is he/she should not be honorary director or in some cases professional director as mandated by SEBI.
In that case gratuity is applicable to him.
I request to refer gratuity law for better understanding of it,its better to collect multiple opinions on it.
Regards
Jai
From India, Pune
As far as i know if the director is the employee of your organization,what i mean over here is he/she should not be honorary director or in some cases professional director as mandated by SEBI.
In that case gratuity is applicable to him.
I request to refer gratuity law for better understanding of it,its better to collect multiple opinions on it.
Regards
Jai
From India, Pune
Dear all,
If gratuity limit is Rs. 3.50 Lacs, but an individual's basic salary is 4.0 lacs per month, in this case how can we calculate the gratuity? pls clear me.
more than Rs. 3.50 lacs gratuity is payable or not?
thanks,
Majibul - Delhi NCR
From India, Gurgaon
If gratuity limit is Rs. 3.50 Lacs, but an individual's basic salary is 4.0 lacs per month, in this case how can we calculate the gratuity? pls clear me.
more than Rs. 3.50 lacs gratuity is payable or not?
thanks,
Majibul - Delhi NCR
From India, Gurgaon
dear majubul
Regarding your clarification that depends upon how ur gratutity made with there are two ways one is as per gratutity act and another one is employer wishs, so if u want to be in 1st catogary there is limit up to 3.50lakhs but if u have made any agreement with lic like u have the trust deed and there is option u can get if employer wishes
thanking u
From India, Madras
Regarding your clarification that depends upon how ur gratutity made with there are two ways one is as per gratutity act and another one is employer wishs, so if u want to be in 1st catogary there is limit up to 3.50lakhs but if u have made any agreement with lic like u have the trust deed and there is option u can get if employer wishes
thanking u
From India, Madras
Dear MK,
Plz go through section 2(s) of The Payment of gratuity Act,1972. In brief this is Basic wage plus D A.
Regards,
R.N.Khola
(Labour Law & Legal Consultants)
09810405361
From India, Delhi
Plz go through section 2(s) of The Payment of gratuity Act,1972. In brief this is Basic wage plus D A.
Regards,
R.N.Khola
(Labour Law & Legal Consultants)
09810405361
From India, Delhi
Dear Rishi
Director of company is eligible for gratuity even A Director of a company not having ultimate control over the management of compnay will be an employee to be entitled to gratuity under the Act (Monitron Securities (P) Ltd v. Mukundlal Khushalchand Dhavan, (2001) 1 Cur LR 507 (Guj)
Thanks
Sameer
From India, Delhi
Director of company is eligible for gratuity even A Director of a company not having ultimate control over the management of compnay will be an employee to be entitled to gratuity under the Act (Monitron Securities (P) Ltd v. Mukundlal Khushalchand Dhavan, (2001) 1 Cur LR 507 (Guj)
Thanks
Sameer
From India, Delhi
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
MANAGING DIRECTOR-ROLE RESPONSIBILITY. doc
Left to Right Gopal Mahapatra CLO Oracle Suchitra Rajendra Director Organization Capability Pep.JPG