I am working in medium level company in pune , company has giving me training for 15 days.I have sign the surety service bond of 2 years with the company and salary is also very low, there is no work, mostly i am on bench. now i have start receiving calls from other company.but my hr is threatening me if i leave the job i have to pay 90000 to the company.I don't want to give money to the company,can anyone please help how i can break this bond and is there any legal action company can take if i breaks the bond.
Thanks in advance
10th June 2011 From India, Hyderabad
One thing you have to verify, if the bond does not include a reciprocal clause then the bond is illegal. In that case you can contest the bond itself. The reciprocal clause states that if the company fires you for any reason, then they have to pay you the bond amount. If this clause is missing then the bond is null and void. If this clause is missing, you can use it to your advantage by telling your HR that you know about the reciprocal clause.
5th November 2012 From United States, Hanover
Due to some personal reason, i have to go my native place.
If i go to my native place and if for some reasons i am not able to return to work.
I didn't submit any original certificate and i have only signed the bond.
What action will the company take. (2 year Bond - 1 Lakh)
Is there any other way.
14th April 2014 From India, Thane