Is The Bond Applicable Before Joining The Firm? - CiteHR
Madhu.T.K
Industrial Relations And Labour Laws
Korgaonkar K A
Ba,llb,mpm,dir&pm,dll&lw,d.cyber

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Dear members,
Please provide your kind suggestions on my query:
I got an offer from a software firm. I have signed the offer letter with them and they have asked me for two cheques as security. One of rupees 100 to check whether the bank account is active and they have en cashed the same next day.
The other cheque was for Rs. 1 lac as a security cheque against the bond for 1 year.
The offer letter i signed had a clause, that i will serve the bond of 1 year. It was just mentioned on a A4 sized paper with no other stamp paper in it. But due to some personal reason,I was unable to join the firm. I informed the same to HR 7-8 days before the joining date.
Now the company HR and Director are asking me to join or they will use the security deposit cheque of Rs. 1 lac into the bank. I have informed them before joining that i will be unable to join and has not joined even for a single day.
Please let me know if this is ethical or the company can take any legal action.
Thank you,

Employment bond is not valid anyway. In your case the act of collecting two cheques before you have become an employee itself is wrong. If you have decided not to join, please countermand the payment of cheque by sending message to your bank immediately and then write a letter to the company demanding Rs 100 encashed by them. It is a case of cheating and if the company (that too in software field)wants to make money there are other means and it should not be by robbing employees.
Madhu.T.K

Dear Madhu Sir,
Thanks a lot for your valuable views. I have made stop payment of the other cheque. Just wanted to be sure that the firm cannot take any legal actions against me.
Once again thank you very much.

Dear Anonymous, The company can not take legal action against you. Don’t worry.
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