Legal Question in Civil Litigation in India
Hi I joined a company in chennai, Tamilnadu. The company asked to submit solvency certificate for 1 lakh on the name of the company. I don't own any property. How can I avail the certificate. Please give a solution.
Asked on 5/23/14, 6:52 am
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
23.05.2014
Dear Sir / Madam,
Politely tell the Company that you are not in a position to furnish any such solvency certificate and no Company in India ever asks its employees to produce Solvency Certificates. At the end of a month's job, the Company is supposed to pay you your salary for the work you do in the Company. Should they still insist, don't waste your time with this Company, you should look out for another job.
Regards,
Answered on 5/23/14, 7:14 am
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