Is The Act Applicable To A Factory Which Is Closed Down But Is Employing A Few Employees To Look After The Assets Of The Establishment?

an investment fund contributed to by employees, employers, and (sometimes) the state, out of which a lump sum is provided to each employee on retirement.
Posted 11 months ago  |    0  | 
Employment,General Legal
Employment General Legal

1 Answer(s)

Ravindra Purohit

Where a factory is closed down for good and only four security men are retained for keeping a watch over the assets and properties of the establishment, the Act would not continue to be applicable to the factory.

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