When one company is acquired by another company and the transition is completed, the new company's name is registered as per the company act. The query arises: should employees' leave be carried forward to the new company, or should it start from the beginning, closing the old records?

Is an employee contract to be issued under the new company name, or is it not required?

From India, New Delhi
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In case of take over or transfer of an existing company by or to another with employees, the services of the employees rendered in the earlier entity would continue.
From India, Salem
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