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itsgp4u
Dear Sir
I need format for Indemnity bond format on behalf of my company. i want to sign this bond with my employee who is going for 6 month leave to visit canada. I want him to come back to india after 6 months and rejoin his present job responsibilities in our organisation. He is agree to sign Bond with us.

I urgently required the exact wording in the indemnity format regarding this case, i tel you the major points which we want to cover in the Bond.

conditions:

1) can we provide him leave for 6 months? if yes then pls cover this point without salary
2) He can rejoin if he return before 6 months from abroad. (we allow it)

3) If he dont come back after 6 months or dont join afer 6 months then how much penalty we can charge on him? on what basis? ( training expenses). Then how can we recover that amount if he dont return to india? ( any security for it?)

4) Is there any provision to stop his PF if he dont join after 6 months? pls suggest if it is possible in other way .

5) Also tell the stamp paper to be used (Rs 50, or Rs 100)

Please send my exact wording , rest i can edit according to situation.
i need it urgently in 2 days.
Thanks in anticipation
Gurpinder

From India, Kanpur
rajanassociates
50

Dear
Indemnity by itself is to cover a loss caused .Since you are not going to pay him there will not be any loss.If you pay him then yes you can get a Bond for re-payment of that sum if he does not join back.
With Regards
Advocates & Notaries & Legal Consultants[HR]
E-mail : rajanassociates@eth,net,
Mobile : 9025792684.

From India, Bangalore
itsgp4u
Thank you for suggestion.
i want to allow him 6 months leave with salary. is there any provision for such leave?
He want to apply for canadian visa. The embassy will give him visa only and only if he ensure that he will certainly come back to India after 6 months.
I really want to help him for getting visa. I interest to sign bond with him is to help him in getting visa only. No other issue. If he dont come back after 6 months , we are not going to sue him. even i will hand over to him original copy of the bond. my idea is to only help in getting visa
so i need such term and conditions for the bong which looks very genuine and effective to ensure his return back to india.
can i put some conditions on his PF?
please help me and provide me format which suits best on my requirment
please its urgent

From India, Kanpur
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