Dear,
I have worked with a pvt ltd company for 5 months. I left company by 8th May 2012 and still not received my full and final settlement. it includes, april month salary, 8 days of may month salary, expense reimbursement for the month of march, april and may, bonus, etc.
I was working as a Regional Manager and I had given notice while leaving and well accepted by the GM of the company, from those days i have been calling and putting email for the same. but they postponing my payment without no reason.
what should i do?
what is the time limit for full and final settlment as per law?
what action should i follow?
From India, New Delhi
2I have worked with a pvt ltd company for 5 months. I left company by 8th May 2012 and still not received my full and final settlement. it includes, april month salary, 8 days of may month salary, expense reimbursement for the month of march, april and may, bonus, etc.
I was working as a Regional Manager and I had given notice while leaving and well accepted by the GM of the company, from those days i have been calling and putting email for the same. but they postponing my payment without no reason.
what should i do?
what is the time limit for full and final settlment as per law?
what action should i follow?
From India, New Delhi
Hello Shashank,
An employee can go back to the organization for Full n Final after 45 days of leaving. Eg you can go for FnF after 25 June.
For the same an employee needs to go to the organization and fill the clearance form and other settlements as per the company norms.
After that you'll receive the amount through cheque.
Also at the same time you may fill your PF form (please carry a few revenue stamps and 2 copies of resignation)
Hope it helps!
Regards,
Kanika
knowledgeplus.co.in
From India, Delhi
An employee can go back to the organization for Full n Final after 45 days of leaving. Eg you can go for FnF after 25 June.
For the same an employee needs to go to the organization and fill the clearance form and other settlements as per the company norms.
After that you'll receive the amount through cheque.
Also at the same time you may fill your PF form (please carry a few revenue stamps and 2 copies of resignation)
Hope it helps!
Regards,
Kanika
knowledgeplus.co.in
From India, Delhi
Hi Shashank,
I understand your query. To my knowledge... Shop&Establishment Act has defined about full n final settlement due time from last working day of employee. It is divided in two aspects. One is termination by self (resignation) and another is termination by employer. You have not mentioned which state you belong to. Possible check out your state's shops act to know in detailed.
For F&F you should have submitted No Dues form. Company can not process unless your dues are cleared in writing.... make sure before you take a step, you have got your NDC.
-vishwanath
From India, Hyderabad
I understand your query. To my knowledge... Shop&Establishment Act has defined about full n final settlement due time from last working day of employee. It is divided in two aspects. One is termination by self (resignation) and another is termination by employer. You have not mentioned which state you belong to. Possible check out your state's shops act to know in detailed.
For F&F you should have submitted No Dues form. Company can not process unless your dues are cleared in writing.... make sure before you take a step, you have got your NDC.
-vishwanath
From India, Hyderabad
Dear All,
Thanks for your responses. I have cleared all due clerance in writing during my official resignation and its inwriting and in knowledge of GM-Admin & VP-Ops & VP-HR, etc. I still have to chase it. I also message to MD about my situation and ask the same to release the payment. They are not even giving Form -16 for the year 2011-2012....
From India, New Delhi
Thanks for your responses. I have cleared all due clerance in writing during my official resignation and its inwriting and in knowledge of GM-Admin & VP-Ops & VP-HR, etc. I still have to chase it. I also message to MD about my situation and ask the same to release the payment. They are not even giving Form -16 for the year 2011-2012....
From India, New Delhi
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Full n final settlement.doc