- Is there any compliance or mandate or any law related to full and final settlement.?
- Is it mandatory to pay remaining leaves in the Full and final settlement or it depends on company policy?
- In how many days it should be done?
As per Payment of Wages act, FULL & FINAL SETTLEMENT SHOULD BE DONE BY EXPIRY OF THE SECOND WORKING DAY FROM THE DAY FROM WHICH EMPLOYEE WAS EFFECTIVELY TERMINATED
Leave Encashment is not a mandatory and it depends on Company Policy and also on State Shops & Establishment Act