Date: 30 September,
2019
Place: BDMA conference
hall
Sub: Role of HR/IR in transfer of
undertaking
(Divestment,
Split, Acquisition)
The
business forum has started at 7 pm. The speaker of that business forum was Mr.
Vipul Rana. A transfer of undertakings occurs when a business, or a part of
business is taken over by another employer as a result of a merger, acquisition
and transfer of a part or all of the business. First of all the draft is very
important for all of this. Both the parties that is buyer and seller have to
give commitment. The product is same.
The acquisition took place between Agro info and Ags India. They were sell
their two plants. The conditions of employment and contracts of employment of
individual employees involved in a transfer are protected. Every employee have
all the rights regarding the monitory and non monitory terms. Employees of a
business being transferred move to the new employer with their accrued years of
services, existing terms and conditions of employment and collective agreements
to which they may already be subject. The new employer must continue to observe
the terms and conditions of employment of the transferred employees and of any
collective agreement in place until it expires or is replaced by
agreement. All the members shared their
experiences and also shared their opportunities. Lastly the business forum was
ended up with light meal.
It
was a great honor for me. I want to thank Dr. Trupti ma’am (Director of NCM)
and also Prof. Rashmi ma’am who gave this opportunity to me.
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