Hi,
I m working in a company. Before I joined there was no bond in practice. But from this year, they have bond in the job policy. We have to serve for 2 years, else we have to give 1 lakh rupees. All the original certificates and documents are with us. They have taken only xerox copies. If i leave before 2 years, will I have to pay 1 lakh rupees ? I dont want any experience letter from the company. Please help me by relevant answers

From India, Bangalore
PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
Ravi5554
Asst.manager -hr
Sunil Purohit
Manager-administration
+1 Other

Dear Ramkrishna,
1. Have you signed any Bond on Stamp paper ? If yes, what are the contents.
2. Is Company giving you any special training or sending u overseas on any project ?
3. Normally bond is taken for specific requirment.
4. How many months u have in services with this Co.
Purohit

From India, Pune
Dear Purohit,
1.There was no stamp paper used for the bond. We were given an appointment letter, which had 7 to 8 points. The 8 th point was stating that " In case the employee fails to serve for 2 years, then he has to pay 1 lakh rupees as training cost.
2.The company had given us 5 weeks of training when we had joined .
3. I have been in the company for 3 months but now, I am mentally depressed, so I want to quit the job.

From India, Bangalore
Hi,
1. If you have singed that documents with your knowledge then that will be consider valid document.
2. So many cases judgements given on consideration of appointment letters and as well Employment bond.( Employment bond is valid in India as per section 10 of the Indian Contract Act-1872.)
3. Try to come out in smooth way.

From India, Mumbai

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