I am working in a private company, a subsidiary of government company, in Mumbai. My Company provides me 21 days of casual leaves and 5 days of sick leave and no casual leaves. Casual leaves can be en cashed only for 7 days and other get lapsed. Further the leaves cannot be accumulated nor can be encashed at the time of leaving the organisation. Is the Policy of the Company valid in view of the following acts i.e. factories act, 1948 and Maharashtra shops and establishment Act, 2017 and any other employment acts. Further can be the policy of the Company be challenged in the courts and can the above acts can override the policy of the Company? and what are the minimum leaves and encashment should be provided by the Company as per the rules in india and which acts are applicable to the Company for determining the leaves and encashment details ?
Dear Client,
Variable pay or compensation is determined based on two main factors – the employee's performance and the company's overall performance. An employee becomes eligible to get variable pay...
Dear Client,
Apart from compliance with the statutory formalities required under the Companies Act, 2013 for the closer of the business of a company or part of it, the Company has to comply with the s...
Dear Client,
Termination without notice amounts to illegal termination and is defined as an industrial dispute under Section 2A of the Industrial Dispute Act, 1947 which also violated the mandatory p...
Dear Sir
Please approach the following authority or similar authority in a state
The Office Commissioner of Labour
Karmika Bhavan, Dairy Circle,
Bannerghatta Road, Bangalore-29.
080-29753078
labou...
Dear Client,
Leave Encashment Rules for private companies vary according to their policies and local regulations. Each company has a unique leave encashment policy. Some may have a cap on the number o...
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Leaves details & encashment
Variable Pay Components - How to add Variable pay in offer letter and salary slips
