1) How much privilege leave can be accumulated in his complete tenure in a company?
2) What is the minimum requirement to be maintained by a company?
3) What other Indian standard companies are maintaining?
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From India, Noida
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2) What is the minimum requirement to be maintained by a company?
3) What other Indian standard companies are maintaining?
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From India, Noida
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As per factories Act in Maharashtra it is 30 & for Shop & Establishment Act it is 42
From India, Pune
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470From India, Pune
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1. It depends on whether you are registered under the Factories Act or under the Shops & Establishment (S&E) Act. In the case of the Factories Act, the uniform limit throughout the country for Annual leave with wages is 30 days (same as privilege leave), but the unavailed leave due to organizational exigencies gets carried forward even if this limit is exceeded. The S&E Act is a local Act, and the limit varies from state to state; accordingly, you will have to find out.
2. There is no prescribed lower limit for the ceiling limit of accumulation of leave other than the aforementioned statutory provision.
3. It varies from company to company. Government companies have set a limit of 300 days.
From India, Mumbai
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2. There is no prescribed lower limit for the ceiling limit of accumulation of leave other than the aforementioned statutory provision.
3. It varies from company to company. Government companies have set a limit of 300 days.
From India, Mumbai
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Dear Sir,
In continuation of your response, please note that we are covered under the Shop & Establishment Act. As per the HR manual of the company, the eligibility of paid leave (PL) for an employee during a year is 30 days, which can be accumulated up to 180 days. Any PL beyond 180 days will be encashed or will lapse. Encashment can be done with 42 days of PL as the closing balance. However, we now wish to reduce the maximum limit to, let's say, 90 days. What steps need to be taken to implement this change?
Thank you.
From India, Noida
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In continuation of your response, please note that we are covered under the Shop & Establishment Act. As per the HR manual of the company, the eligibility of paid leave (PL) for an employee during a year is 30 days, which can be accumulated up to 180 days. Any PL beyond 180 days will be encashed or will lapse. Encashment can be done with 42 days of PL as the closing balance. However, we now wish to reduce the maximum limit to, let's say, 90 days. What steps need to be taken to implement this change?
Thank you.
From India, Noida
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TN-Shops & Estts.Act. Amendment to Accumulation of leave to 45 days..pdf
Leave Policy.doc