Hi

I joined an IT company at a middle management level and with respect to my level, there was no probation period applicable i.e I was a confirmed employee from day 1. After working for about 7 months, I developed a kidney stone problem and was subsequently hospitalized for the same (company was aware of that). The stone was in the formation stage and could not be detected at that time. After about a month, I had another pain attack and was diagnosed with a 1 cm stone which had to be surgically removed. I flew back to my hometown for the surgery and a stent was inserted in the ureter. I was not allowed to travel and as per the doctor I have a tendency of forming recurring stones and will be an ongoing issue (was said over a verbal discussion with the doctor).

Considering the situation, I resigned from the company on 30th April 2011 seeking immediate relieving under medical circumstances. My appointment letter says
"Termination of Service: During your employment with the company, a notice of 60 days is required to terminate employment from either side. the company may terminate your employment by payment in lieu of 60 days notice, without assigning any reason whatsoever, at the sole discretion of the company. If at your request, the company agrees to relieve ypu before serving the full notice period, you will be liable to pay the company on lieu of the balance notice period. However, please note that accepting any such early relieving request would be entirely at the discretion of the company."

I have resigned via email marking my immediate manager and HR under medical circumstances and also have submitted my hospitalization reports to the corporate insurance provider. Also, I did send in the resignation by registered post attaching a copy of the email resignation.
After this the HR replied back to the email saying that I either need to serve the entire notice or pay it off to which I replied stating that I cannot stay in Chennai and not in a position to pay it off due to heavy medical expenses. I have not received any reply to it yet.

Now I want to know:
1. If I take up a job with another company near my hometown providing them the copy of the email resignation and the physical mail, would it turn out to be legitimate in background verification check. Can my previous company put me in absconding status and negate the verification?

2. Is there any law which governs this kind of situation and discourages companies to exploit employees under such circumstances.

3. I was hospitalized and submitted the claim for the same while I was still with the company, the insurance company has cleared the claim and issued a cheque which my company is refusing to provide to me. Can something be done about it?

Please help me with this. I have received a few offers with good companies but am skeptical to join as not sure what would the verification turn out to be!!

Kindly clarify the following,
A company has issued shares Rs.150 (face value Rs.10/- and premium Rs.140/-) with the following terms:
On Application Rs.75/-
On First Call Rs.40/-
On Second Call Rs.35/-
Now the shareholder has paid the application money and the first call(Total Rs.115)
The share is traded in the market for Rs.400/-

Whether the shareholder who has paid Rs.115/- can sell the shares in the market from his demat account for Rs.400/-?

If yes, who has to pay the money for second call?

can any body suggest me about appointment
of director in a private limited company.
can board appoint other than additional/alternate director in board meeting?

can you please send me the list of Statutory register which should be maintained by a listed company.

Dear Sir/Madam,

Please clear my doubts in the following situation:

In case of non acceptance of resignation of a director by the BOD, can the resignation be filed using the DSC of out going director?

One of my clients is acquiring more than 50% stake in a listed company.
so what is the procedure to follow in order to acquire the stake and the management control.
suggest me right from the feasibility to execution stage.

is there any limit for drawing remuneration for whole time directors

Dear all,

Two companies are shareholder in a company, both merged and a new entity is created, so the new share certificate is to be issued in the name of new company.
i want to know that process of issuing new share certificate will govern by transfer section or transmission section.

urgent ::the limit of 11% is stand alone basis or on consolidated profits? i.e., including subsidiaries and all??

please clarify my doubt..its urgent

hi Good evening all,

Q1.i want to know about form XBRL which is applicable to certain companies
Q2. Is there proper circular or notification issued in this regard yet?
Q3. Is it is applicable for Financial statements 2010-11?
Q4. where i can get its format?



Thanking you
Anurag Hans
Student final year
ICAI