Managing director of one company 'ABC' wants to put their name on the other sister consern's payroll i.e. Company 'XYZ', and consequently his salary is disbursed from the new company 'XYZ'.
Q: Is it possible to transfer his right to get the gratuity from company 'ABC' to 'XYZ'. If yes then please quote the details of provision of Payment of Gratuity Act - 1972.
Managing Director Seeks Gratuity Transfer from Company ABC to XYZ Under Payment of Gratuity Act, 1972 Inquiry A managing director of company 'ABC' wishes to be placed on the payroll of its sister concern, company 'XYZ,' with salary disbursed by 'XYZ.' The query seeks to know if it is possible to transfer the right to receive gratuity from 'ABC' to 'XYZ,' and requests details under the Payment of Gratuity Act, 1972. The only reply asks if the issue has been clarified, suggesting no detailed legal guidance was provided in the response. (AI Summary)
TaxTMI 
TaxTMI 
