If your service is pending and not compensated then it will be definitely compensated in the said company
Transfer from Holding company to subsidiary
I joined in August 1980 in Holding company but got transferred on April 1, 1982 on promotion but had not resigned from Holding company. Was in service in subsidiary company till May 2004 but resigned due to personal reasons when still 6 years of service was there as per appointment letter of Holding company. I had received all terminal benefits from subsidiary company. Will I get compensated for balance 6 years of service in subsidiary company? Regards.
Asked 5 years ago in Labour
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14 Answers
No, this was a self will resignation so you will not get any compensation
When you resigned from your job then I wonder under what provision of law or logic you can claim benefits for the period you decided not to serve.
Therefore I don't find any merit in your claim.
NO, you only have resigned. IF you wre terminated than may have ask for that.
Yes, you are entitled to it.
What is the basis for your demand for compensation for remaining six years of service when you have resigned voluntarily from the service.
Have you taken VRS from the company which covers the remaining service by paying any compensation.
If so, you first approach the company where you took VRS, if they disown the responsibility then you can plan further course of legal action.
No.
Resignation withdraws all basic facilities,perks and remuneration from organizations as you are no more part of the organization.
Therefore No benefits after resignation or VRS Scheme preferred from Holding or subsidiary company.
Once you have resigned from the services then you are not eligible for future remaining benefits, have should have asked at that time of resignation all benefits.
- As per your query , you was working in the Subsidiary company after getting promotion , without giving resignation in the Holding company .
- As per law , you cannot work in two company ,and claim any benefit from the earlier company.
- Further , VRS applies to employees who have completed 10 years of service or are above the age of 40 years. It applies to workers, executives of companies and/or to an authority of a co-operative society.
- Hence if you have taken VRS on the personal grounds , then you can claim compensation for balance 6 years from subsidiary company.
Dear Sir,
You are suggested to demand your benefits from the subsidiary company.
You are not Eligibile .
Yes you should be getting some compensation from the holding company.
Definitely for the terminal benefits service at the holding company has been taken into consideration so no.
1. Yes you will get all terminal benefits from subsidiary company.
2. No you will not be compensated for balance 6 years of services because you left due to personal reasons.
