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Hi all,

My name is Abhishek i am a pass-out of 2013 B-tech it batch i have been offered a job in a start up company in Hyderabad.They have asked for all my original certificates

1.10 th

2. Intermediate

3. B-tech

4. Passport

They have made me to sign a bond for 1 year which is excluding 3 months training period the bond mentions that i need to work with them till dec 2014

Breaking the bond requires me to pay an amount of 70000 inr

Now my problem is

The company is a start up and unregistered

I am not happy with the treatment i get there

I am not being paid for overtime and being fined for coming late even it is 10 min

I am the only one tech person in that start up and they are assigning all the tech work to me.

I am not being paid accordingly i am only getting 20000 inr

I have been promised in the bond that i will get training from the company but there is no training given to me.

I have read in this forum that the bond amount should be equal to the amount spend on the employees for their training but nothing is spend on me so should i have to pay it?

I really want to get out of this company as of now i have signed the bond and have been working for 3 months december is the last month of my training period before my 1 year bond starts.

So if i come out of this company in so called training period should i still have to honor the bond?

The company is un registered but the bond paper is a stamp paper my question is Is that bond even valid?

Can a company take the passport from an individual?

If i come out of this company without telling anyone is there any chance of legal actions against me as they have my passport and inter mark list with them?

Please answer my question i have just started out on my career and it seems to have hit a road block.
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Please any one respond to my questions



Getting out of a unregistered company

Hi all,

1.10 th

2. Intermediate

3. B-tech

4. Passport

They have made me to sign a bond for 1 year which is excluding 3 months training period the bond mentions that i need to work with them till dec 2014

Breaking the bond requires me to pay an amount of 70000 inr

Now my problem is

The company is a start up and unregistered

I am not happy with the treatment i get there

I am not being paid for overtime and being fined for coming late even it is 10 min

I am the only one tech person in that start up and they are assigning all the tech work to me.

I am not being paid accordingly i am only getting 20000 inr

I have been promised in the bond that i will get training from the company but there is no training given to me.

I have read in this forum that the bond amount should be equal to the amount spend on the employees for their training but nothing is spend on me so should i have to pay it?

I really want to get out of this company as of now i have signed the bond and have been working for 3 months december is the last month of my training period before my 1 year bond starts.

So if i come out of this company in so called training period should i still have to honor the bond?

The company is un registered but the bond paper is a stamp paper my question is Is that bond even valid?

Can a company take the passport from an individual?

If i come out of this company without telling anyone is there any chance of legal actions against me as they have my passport and inter mark list with them?

Please answer my question i have just started out on my career and it seems to have hit a road block.
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