My company is not paying anybody salary for last month and they are still delaying it. And For some employees including me they are forcibly giving shares instead of salary for next 3 months. What legal action we can take?
From India, Gurgaon
From India, Gurgaon
Dear Sumit,
for Labour catagory they can file compliant to Regional Labour Dept. about the same under the Payment of wages act.1936.
for executive & Above level, can file civil case in court.
Regards,
Tushar Swar
From India, Mumbai
206for Labour catagory they can file compliant to Regional Labour Dept. about the same under the Payment of wages act.1936.
for executive & Above level, can file civil case in court.
Regards,
Tushar Swar
From India, Mumbai
Hi Sumit,
Can you be more specific. "Company Shares". Public Listed company shares or Employee Stock Ownership Plan (ESOP). Please provide as much as info you can. Its a very interesting case.
Ukmitra
From Saudi Arabia, Riyadh
Can you be more specific. "Company Shares". Public Listed company shares or Employee Stock Ownership Plan (ESOP). Please provide as much as info you can. Its a very interesting case.
Ukmitra
From Saudi Arabia, Riyadh
Hello Sumit Bakshi,
Further to the clarification sought by Ukmitra, pl also give more details:
1] The reason(s) AS GIVEN by the Company for this step.
2] In which Sector is your Company?
3] What's the employee strength?
4] What's the Financial status of the Company? NOT as conveyed by the Management by as per EMPLOYEES' perception? This would be important--as it's possible that the Management is trying to increase the shareholders base--for different reasons ['right' or 'wrong' isn't the issue here].
Rgds,
TS
From India, Hyderabad
Further to the clarification sought by Ukmitra, pl also give more details:
1] The reason(s) AS GIVEN by the Company for this step.
2] In which Sector is your Company?
3] What's the employee strength?
4] What's the Financial status of the Company? NOT as conveyed by the Management by as per EMPLOYEES' perception? This would be important--as it's possible that the Management is trying to increase the shareholders base--for different reasons ['right' or 'wrong' isn't the issue here].
Rgds,
TS
From India, Hyderabad
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.
Company Profile.ppt
Company Profile Letter - Global Risk Management Services.pdf