Employment bond - whether a bond is applicable or not - employer has given a receipt of 1 Lakh cheque the took from me - CiteHR
Cite.Co is a repository of information created by your industry peers and experienced seniors sharing their experience and insights.
Join Us and help by adding your inputs. Contributions From Other Members Follow Below...
I have 6 years of experience and have just joined the new company with Bond of 2 years, on the day of joining, they took a cheque of 1 lakh and gave me the check receipt that it is for training but after 10 days they gave the job. I want to know whether a bond is applicable or not because he has given the receipt for it.
Dear Friend,
Following are the requirements of a valid employment bond agreement.
The agreement must be signed by the parties with free consent.
The conditions stipulated must be reasonable and:
The conditions imposed on the employee must be proved to be necessary to safeguard the interest of the employer.
The employment bond is to be executed on a stamp paper of appropriate value in order to be valid and enforceable.

Please Login To Add Reply

About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2020 Cite.Co™