I\'m working in a Government undertaking company; registered under company act in 1974. It\'s learnt that Retirement age as per company act is 60 years. But Board of Directors of my company have fixed 58 years as retirement age of employees. Can it be legally challenged? please let me know.
From India, Mumbai
From India, Mumbai
The Comanies Act 1956 does not prescribe retirement age for employees. It shall be either fixed by the standing orders, if the Industrial Employment ( Standing Orders) Act,1946 is applicable to your company or by a settlement with the workmen or by contract of servcie or service rules.
B.Saikumar
HR & Labour Law Advsior
Mumbai
From India, Mumbai
1897B.Saikumar
HR & Labour Law Advsior
Mumbai
From India, Mumbai
Find answers from people who have previously dealt with business and work issues similar to yours - Please Register and Log In to CiteHR and post your query.
Extension of retirement age of teachers in Maharashtra 25.2.2011.pdf
Retirement Age Calculator 58 years.xls