3 Months Salary Not Paid 3 Months Salary Not Paid

11 months ago

Joined a company as Co-Founder at a decent package but didnt get the salary of from the beginning.

Legal Counsel Vidhikarya

Responded 11 months ago

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A.Dear Client,

While you are saying you join the Company as a Co-Founder you are not getting salary from the beginning. Based on this insufficient information nothing can be commented as of now.
In case you join as a Director of the Company, your remuneration is guided by Sec.309 of the Companys Act, 1956 or in case you join as Manger your remuneration is guided by the provision of Sec.198 of the Act
You may take up the matter of non-payment of remuneration with the concerned authority based on your position or status in the said Company.
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Vidhi Samaadhaan Vidhi Samaadhaan

Anik

Responded 11 months ago

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A.Hello,
The employee can file a suit under section 447 of the Companies Act which lays down punishment for fraud. The employer can be imprisoned for a period of six months to ten years. Recovery of the full amount of an amount that is three times more than the amount which was originally not paid by the employer.
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