Asset Undertaking Form
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Dear All,We are planning to design a mobile, laptop, internet connection, and telephone undertaking form for employees. Please share the format if anybody has it.Regards,Shweta
Dear Shweta,You can have this form, no doubt, but it is a small part of the overall policy on "Allotment Company Assets to the Employees." You need to have this policy well in place. The format of the "Asset Allotment Form" or, in simple words, "loan card," is a...
Hello,We're a Skill Development Company and have recently launched a Training Center of our own, wherein we have purchased/rented all kinds of equipment (electronic/non-electronic), furniture, etc. We have the list of assets made, codified, and labelled. We now ...
Dear Anusha,For making a policy on the allotment of company property to employees, you may refer to my previous replies on the following links:- [https://www.citehr.com/336602-policy-employees-who-have-company-assets.html#post1544266](https://www.citehr.com/3366...
Dear Experts,I work with a small company as an HR. From now on, management wants an undertaking form from every employee as per the attached document. We have already included the same requirement in the CTC. Can we proceed with this or is it feasible? Please as...
To my knowledge, this company includes the gratuity provision amount in their CTC package. However, the company pays gratuity as per the Payment of Gratuity Act. The reason for this undertaking is that the employee should not demand the gratuity provision amount...
The undertaking will not stand in the court of law.Gratuity will be payable as per the provisions of the Gratuity Act.
How will you calculate gratuity? Will you not give him an increment? And what about after 5 years?
This undertaking will not stand scrutiny of the law of the land. The Contracts Act clearly states that you cannot agree to a thing which is contrary to the law being in force at that time on that subject. When the Payment of Gratuity Act prescribes the payment o...
Dear Sir,Thank you for your valuable suggestion.