Our Company is established under Bombay Shops & Establishment Act,
This is the first time we are drafting Leave Policy for our company.
Which consists of 21 PL, 3 CL, 3 SL,
Out of which 10 leaves will be enchased and upto 42 leaves will be accumulated as per law.
Leave policy will be effective from 1st April 2009-31st March 2010
Now the question is that we have employees working in our organisation for more than 5 years whose leaves has been accumulated for more than 60 days. I would like to know can we lapse the leaves for more than 42 days or we have to compensate those leaves by paying them salary against accumulated leaves.
Awaiting for your reply at earliest.
With Warm Regards.