Navigating Employment Bonds: What Precautions and Legal Steps Should You Consider?

Hi all,

If a company wants to have a candidate sign a bond/agreement for 2 years, what precautions should be taken? Also, how much value of Rs. Stamp paper will be required for a 2 lakh Bond? Can any senior/legal adviser assist with this matter?

Thank you.

Dear,

Each state has its own rates. The stamp duty for a bond is different from an agreement. Please check the local rates with your legal counsel or company's chartered accountant.

With Regards,

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