Legal Question in Employment Law in India

Hi All..

I am working as a equity dealer from last 18 Months in a reputed stock broking firm.

I have resigned m y job on sep 2014.But now the company is says that they can't relieve me

as one of my client has complained against the company and I was the handling that client.

And also I have taken some personal loan from the company.

Now as I am not interested to work an more in this industry still by force the company making me to work.

Now I am planning to come out of this problem.

Is it good to come out of compqmy without saying them

Can company deduct the loan balance from pf


Asked on 11/03/14, 2:50 am

1 Answer from Attorneys
Fca Prashant Chavan Expert Edge LLP

03.11.2014

Dear Sir / Madam,

If you have decided to quit, you are liable to serve the notice period and that's it. Under no circumstances can the Company force you to stay back. You should ask the Company to recover the outstanding personal loan from your full and final settlement dues. If there be a shortfall, you will have to pay it off to the Company. It cannot be directly recovered by the Company from your PF unless you consent in writing to it.

Regards,

Read more
Answered on 11/03/14, 7:22 am


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