Investor Presentaiton

Leave Encashment (Section 49) Old Labor Laws Accumulated annual leave up to 60 days can be encashed at the time of discontinuation of service. New Labor Laws Accumulated annual leave up to 90 days and sick leave up to 45 days can be encashed at the time of discontinuation of service. • Any unused annual or sick leave in excess of the limit of accumulation shall be en-cashed at the end of each year. • Encashment shall be done at the rate of basic remuneration during such payment. PIONEER ΡΙΟ LAW ASSOCIATES

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