Need guidance on the below case:
My company is dissolving.I have been asked to move all the current employees to our sister concern.Should the employees be given relieving letter of the dissolving company and then appointment letter of the new company or am I able to share a transfer certificate to them stating that they are being moved?Also if any one can share a format of the transfer certificate it will be very helpful.In case of issuing transfer certificate, should the employee number be kept the same?
Kindly share your guidance.
Thank You in advance.
From India, undefined
1My company is dissolving.I have been asked to move all the current employees to our sister concern.Should the employees be given relieving letter of the dissolving company and then appointment letter of the new company or am I able to share a transfer certificate to them stating that they are being moved?Also if any one can share a format of the transfer certificate it will be very helpful.In case of issuing transfer certificate, should the employee number be kept the same?
Kindly share your guidance.
Thank You in advance.
From India, undefined
Miss.Radhika the same thing happened in my previous company then we moved the employees to the sister concern just by giving them the transfer letters and the employee numbers were the same as they were into the same business.i don't have any format let me check and send you at the earliest.
Regards,
V.G.Praveen Kumar
From India, Chennai
Regards,
V.G.Praveen Kumar
From India, Chennai
Miss.Radhika please find attached the Transfer letter Format for your kind information....
From India, Chennai
From India, Chennai
Hi Radhika,
Both things are accepted in nature. You can give a relieving letter to them and a new joining letter from the new company however from the employee's point of view and considering their further career prospectus, its good if you migrate them to the new company with certificate. Their entitlements to various benefits would also be continued then.
In most such cases dispute occurs at later stage when fresh appointment is given as the employee do not get entitlement for gratuity as this requires a 5 year of continuous service. The previous service done becomes expired upon new appointment given and accepted.
From India, New Delhi
Both things are accepted in nature. You can give a relieving letter to them and a new joining letter from the new company however from the employee's point of view and considering their further career prospectus, its good if you migrate them to the new company with certificate. Their entitlements to various benefits would also be continued then.
In most such cases dispute occurs at later stage when fresh appointment is given as the employee do not get entitlement for gratuity as this requires a 5 year of continuous service. The previous service done becomes expired upon new appointment given and accepted.
From India, New Delhi
Hello Harpreet and Praveen,
Thank You very much for your prompt reply on the above matter.
Your suggestions are definitely helping in making the documentation process very smooth.
Thank You once again.
From India, undefined
Thank You very much for your prompt reply on the above matter.
Your suggestions are definitely helping in making the documentation process very smooth.
Thank You once again.
From India, undefined
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