i have joined coal india limited in 2010 with a non judicial bond.
the condition of bond was "to serve the company for minimum 50 months or to deposit 50000 in case of quitting the job.
after that in 2012 company change the procedure in its board meeting and increased the bond money to 3 lakhs or minimum minimum service period of 5 years.
upto july 2014, those who joined the company with bond money of 50000 or 50 months and resigned,they need not to pay 3 lakhs.
but in august 2014 company issued a circular stating that whosoever resigned the from company has to pay 3 lakhs or serve for 60 months.
i have submitted my resignation in july..
now my query is
--1-is it mandatory for me to abide with changed bond conditions as i signed only on rs50000 bond.?
2..can i have a legal stand regarding how can a bond be changed and which is against my fundamental right i..e freedom of liberty?(that company can do whatever it want even at the cost of someone liberty).
3..even if i m in notice period ..will i be bound with new conditions.
4.what will be the consequences if i leave the job without following the new bond condition.?
5. if i did'nt able to get the NOC from my company , will i be able to join another psu or central govt job? 27th September 2014 From India, Asansol