Transfer of Employees from Old Company to new company
This query is : Resolved
VINAYAK HEGDE
(Querist)
25 November 2019
Hi All,
we have a company named XYZ pvt ltd, and employed more then 40+ employees. now we have floated a new company named XYN pvt company, with 75% of directors of XYZ company, and doing same business. in the mean time XYZ company going to windup.
Now i have to get to know how to move same employees from old to new without affecting employees CTC , Employment etc .
any further details required ask me,
thanking you,
we have a company named XYZ pvt ltd, and employed more then 40+ employees. now we have floated a new company named XYN pvt company, with 75% of directors of XYZ company, and doing same business. in the mean time XYZ company going to windup.
Now i have to get to know how to move same employees from old to new without affecting employees CTC , Employment etc .
any further details required ask me,
thanking you,
CA R SEETHARAMAN
(Expert)
25 November 2019
Give offer letter to all the employees on the basis of existing employment terms and let them accept it and issue appointment orders.
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