Special Report on
Termination of Employment Procedure
Termination of Employment Procedure - Trends
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Lay-off means the failure, refusal or inability of an employer o account of shortage of coal, power or raw materials or the accumulation of stocks or the breakdown of machinery or natural calamity or for any other connected reason to give employment to a workman whose name is borne on the muster-rolls of his industrial establishment and who has not been retrenched; RETRENCHMENT: Retrenchment means the termination by the employer of the service of a workman for any reason whatsoever, otherwise than as a punishment inflicted by way of disciplinary action, but does not include- (Courtesy: Singhania and Company) n ...
Recognition of the debtor’s insolvency (bankruptcy) is currently the only legal way to end (repayment) of all debts of the organization, which can not satisfy the claims of creditors (Insolvency company). Bankruptcy is absolutely legal that is process of law aimed at civilized issues out of business structure be unable to carry effectively out business activities, including those responsible for their debts. Special place in insolvency takes the issues of bankruptcy of banks and other lending institutions because of the creditors of these institutions as a rule is endemic (depositors ... Read More
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