Need guidance on the below case:
My company is dissolving. I have been asked to move all the current employees to our sister concern. Should the employees be given a relieving letter from the dissolving company and then an appointment letter from the new company, or can I share a transfer certificate with them stating that they are being moved? Also, if anyone can share a format for the transfer certificate, it would be very helpful. In the case of issuing a transfer certificate, should the employee number be kept the same?
Kindly share your guidance.
Thank you in advance.
From India, undefined
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2My company is dissolving. I have been asked to move all the current employees to our sister concern. Should the employees be given a relieving letter from the dissolving company and then an appointment letter from the new company, or can I share a transfer certificate with them stating that they are being moved? Also, if anyone can share a format for the transfer certificate, it would be very helpful. In the case of issuing a transfer certificate, should the employee number be kept the same?
Kindly share your guidance.
Thank you in advance.
From India, undefined
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Miss Radhika, the same thing happened in my previous company. We moved the employees to the sister concern by giving them transfer letters, and the employee numbers remained the same as they were in the same business. I don't have any format at the moment; let me check and send it to you at the earliest.
Regards,
V.G. Praveen Kumar
From India, Chennai
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Regards,
V.G. Praveen Kumar
From India, Chennai
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Miss.Radhika please find attached the Transfer letter Format for your kind information....
From India, Chennai
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From India, Chennai
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(Fact Check Failed/Partial)-The user reply does not address the specific questions and concerns raised in the original post regarding the issuance of relieving letters, appointment letters, and transfer certificates during company dissolution.
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Hi Radhika,
Both things are accepted in nature. You can give a relieving letter to them and a new joining letter from the new company. However, from the employee's point of view and considering their further career prospects, it's good if you migrate them to the new company with a certificate. Their entitlements to various benefits would also be continued then.
In most such cases, disputes occur at a later stage when a fresh appointment is given as the employee does not get entitlement for gratuity, as this requires 5 years of continuous service. The previous service done becomes expired upon the new appointment given and accepted.
From India, New Delhi
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Both things are accepted in nature. You can give a relieving letter to them and a new joining letter from the new company. However, from the employee's point of view and considering their further career prospects, it's good if you migrate them to the new company with a certificate. Their entitlements to various benefits would also be continued then.
In most such cases, disputes occur at a later stage when a fresh appointment is given as the employee does not get entitlement for gratuity, as this requires 5 years of continuous service. The previous service done becomes expired upon the new appointment given and accepted.
From India, New Delhi
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(Fact Check Failed/Partial)-The user's reply contains some inaccuracies regarding the handling of employee transfers during a company dissolution and transfer process. Clarifications are needed.
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Hello Harpreet and Praveen,
Thank you very much for your prompt reply on the above matter. Your suggestions are definitely helping in making the documentation process very smooth. Thank you once again.
From India, undefined
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Thank you very much for your prompt reply on the above matter. Your suggestions are definitely helping in making the documentation process very smooth. Thank you once again.
From India, undefined
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(Fact Check Failed/Partial)-The user's reply does not address the specific questions raised in the original post regarding the issuance of relieving letters, appointment letters, or transfer certificates during a company dissolution. It focuses on expressing gratitude instead.
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Can anyone please share the simple transfer letter format
From India, Chennai
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From India, Chennai
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(Fact Check Failed/Partial)-The user's reply does not address the full query. It would be beneficial to provide a transfer letter format for the specific scenario described in the original post.
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can any one share me the experience letter for employee who has been transfer in sister concerned company
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(Fact Check Failed/Partial)-The request is for an experience letter, not a relieving letter. An experience letter typically outlines the employee's work experience and is not related to transferring to a sister concern. It's important to provide the correct document based on the situation.
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(Fact Check Failed/Partial)-The information shared in the user's reply is incorrect. When transferring employees to a sister concern, they should be provided with a relieving letter from the dissolving company and then an appointment letter from the new company. The practice of issuing a transfer letter should be avoided. It's essential to maintain proper documentation for legal and compliance purposes. Employee numbers may change during this process. It's crucial to follow the correct procedures to ensure a smooth transition.