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?

From India, Asansol
Legally as you have put in papers in july the terms and conditions applicable at the time of july will be applicable to you and any changes thereafter will not be applicable to you retrospectively.
From India, Pune

Scalper :-)
As I see it the new terms will not be applicable to you but only to those who agree to them or to those who are put these at the time of recruitment process itself, right from the application stage.
So, even those who did NOT resign in/by July 2014 but joined on the earlier terms and not the new ones are not bound by the new terms. An earlier contract can not be repudiated arbitrarily on the whims and fancies of any party so as to put the other in a disadvantaged position.

From United States, New York
It seems that you have already resigned from your services. So, this post discussion over your topic is of less utility.
I believe you must have got any request letter for depositing your bond money for No Dues Clearance.
It is recommended to directly communicate with CIL HQ with all papers of yours for suitable clarifications.
May you have a great success and bright future ahead.

From India, Raigarh
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