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.
15th April 2019 From India
15th April 2019 From India
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.
16th April 2019 From India, Mumbai
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.
16th April 2019 From India, Mumbai
Cite.Co - is a repository of information created by your industry peers and experienced seniors. Register Here and help by adding your inputs to this topic/query page.
Prime Sponsor: TALENTEDGE - Certification Courses for career growth from top institutes like IIM / XLRI direct to device (online digital learning)
Prime Sponsor: TALENTEDGE - Certification Courses for career growth from top institutes like IIM / XLRI direct to device (online digital learning)
Bond of Employment.doc
Bond in employment.pdf
