F and F Settlement is on hold
9 months ago
Dear Sirs,
My FNF kept hold for last 3 month reason for this is my one customer not paid one amount it was more than a year. Company holded 2% as a security and saying it will get released once the company get the payment from customer. Please advice
A.Dear Client,
On cessation of employment of an employee, the employer cannot withhold his F & F Settlement dues for an indefinite period subject to any condition in the absence of any specific stipulation of that condition in the contract of employment. Such an act on the part of the employer is amounted to unfair labour practice. In the prevailing situation, you need to serve a legal notice objecting to the unfair labour practice of the employer and if you are not holding the position of Manager/Supervisor but a workman as defined u/s.2(s) of the Industrial Dispute Act then for such an arbitrary and illegal action, reach out to the office of the Labour Commissioner concerned for filing a complaint against the employer for redressal of your grievance. However, in case you need any assistance in the matter of service of the legal notice and filing the complaint before the concerned Labour Commissioner, you may contact our legal team with the relevant papers
On cessation of employment of an employee, the employer cannot withhold his F & F Settlement dues for an indefinite period subject to any condition in the absence of any specific stipulation of that condition in the contract of employment. Such an act on the part of the employer is amounted to unfair labour practice. In the prevailing situation, you need to serve a legal notice objecting to the unfair labour practice of the employer and if you are not holding the position of Manager/Supervisor but a workman as defined u/s.2(s) of the Industrial Dispute Act then for such an arbitrary and illegal action, reach out to the office of the Labour Commissioner concerned for filing a complaint against the employer for redressal of your grievance. However, in case you need any assistance in the matter of service of the legal notice and filing the complaint before the concerned Labour Commissioner, you may contact our legal team with the relevant papers
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A.Dear client,
I understand that you are facing a delay in receiving your Full and Final settlement (FNF) from your company for the past three months. The reason cited by your company for withholding the amount is the non-payment from one of your customers, which has been pending for over a year. According to the company's policy, they have held 2% of your FNF as security until they receive the payment from the customer.
In such situations, it's essential to review your employment contract, company policies, and any relevant agreements that might govern the FNF process. Companies may have specific provisions for withholding amounts under certain circumstances, such as unpaid dues from customers.
If you believe that the delay is unjustified or if there are discrepancies in the calculations of your FNF, it is crucial to communicate with your company's HR or finance department to seek clarification on the matter. Politely request a breakdown of the amount being withheld and seek an explanation for the delay in processing your FNF.
If your company continues to hold the amount without proper justification, you may consider seeking legal advice from an employment lawyer. They can assess the situation, review relevant documents, and advise you on the appropriate steps to take to resolve the issue.
In the meantime, keep all communication with your company in writing and maintain records of any correspondence related to your FNF. This can be valuable evidence should you need to escalate the matter legally or negotiate with the company to release the withheld amount.
I understand that you are facing a delay in receiving your Full and Final settlement (FNF) from your company for the past three months. The reason cited by your company for withholding the amount is the non-payment from one of your customers, which has been pending for over a year. According to the company's policy, they have held 2% of your FNF as security until they receive the payment from the customer.
In such situations, it's essential to review your employment contract, company policies, and any relevant agreements that might govern the FNF process. Companies may have specific provisions for withholding amounts under certain circumstances, such as unpaid dues from customers.
If you believe that the delay is unjustified or if there are discrepancies in the calculations of your FNF, it is crucial to communicate with your company's HR or finance department to seek clarification on the matter. Politely request a breakdown of the amount being withheld and seek an explanation for the delay in processing your FNF.
If your company continues to hold the amount without proper justification, you may consider seeking legal advice from an employment lawyer. They can assess the situation, review relevant documents, and advise you on the appropriate steps to take to resolve the issue.
In the meantime, keep all communication with your company in writing and maintain records of any correspondence related to your FNF. This can be valuable evidence should you need to escalate the matter legally or negotiate with the company to release the withheld amount.
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