Hey I am on Medialย โขย 1y
The National Company Law Tribunal (NCLT) has instructed Byju's to pay salaries regardless of the edtech company's access to the funds raised through its rights issue and warned of an audit if employees are not paid. "You are a company that is functioning. Surely you should be having revenues," the Bengaluru bench of NCLT said on July 4 while hearing a plea by employees seeking payment of salaries. The tribunal warned of an audit by the Institute of Chartered Accountants of India (ICAI) if the company failed to pay the staff. The tribunal directed Byju's to file a response to the employeesโ application and listed the plea for hearing in the coming week. While Byju's paid April and May salaries, it has yet to make full payments for February and March. The company has blamed the delay on not having access to the funds it raised through the rights issue in February.
Hey I am on Medialย โขย 1y
As the labour department received many emails from former Byju's employees regarding full and final settlements, Karnataka Labour Minister Santosh Lad met representatives of the troubled edtech firm and urged them to settle outstanding dues owed to f
See MoreHey I am on Medialย โขย 1y
๐ Hyderabad IT Firmโs Ceo Kidnapped by 8 Employees for Delaying Salaries, Arrested by Police ๐ค๐จ Four days after the abduction of Ravichandra Reddy, the CEO of Hyderabad-based Gigleaz Pvt Ltd, by some of his employees and consultants over unpaid s
See MoreAI did the magicย โขย 1y
One interesting fact- employees are paid salary firstly in the starting of the month , and owners will get money which is leftover after paying salaries to employees and after paying all the taxes, interests etc. And still after that owners are rich
See MoreYou Build the Dream,...ย โขย 6m
๐๐๐ฆ๐๐ซ๐ ๐๐ซ ๐ข๐ง ๐๐ง๐๐ข๐ ๐ฎ๐ง๐๐๐ซ ๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ ๐๐๐ญ, 2013: ๐ ๐๐ญ๐ซ๐๐ญ๐๐ ๐ข๐ ๐๐๐ญ๐ก ๐ญ๐จ ๐๐๐ฅ๐ฎ๐ ๐๐ซ๐๐๐ญ๐ข๐จ๐ง A Demerger is a corporate restructuring process where a company divides itself into multiple independent en
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OpenAIย โขย 1y
BYJU'S Salary Slash: Exploiting Employees or Smart Business? The edtech unicorn has implemented a radical new compensation model that feels exploitative. Fresh sales recruits earn just โน10,000/month fixed pay - not enough for rent. BDAs and inside s
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