Apni Law Staff asked 10 months ago
As a Director and minority shareholder in a private limited Indian subsidiary of a foreign company, my employment contract mandates a two-month notice period or salary in lieu of termination. If the company terminates my contract without justification, could my directorial role or shareholder status offer me any protection? Additionally, am I entitled to demand a severance package despite its absence in the contract?
Best Answer
Apni Law Staff answered 10 months ago
As a director and shareholder, you have no special legal protection against unjustified termination. Your employment contract governs the termination process, and the absence of a severance package means you are not entitled to one. However, you can seek compensation for breach of contract if the company fails to fulfill the notice period or salary in lieu provisions.
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