Hi,
My company send me for higher studies to one of the top institute of India as a sponsored student (but I had to clear every aptitude and interviews on my own). But for that I had to sign 5 years bond for 15 lakhs which is 20 % reducible per year. I have no option as it was recession period .I have signed on 100 Rs. stamp paper with signature of 2 guarantors.
My company told me that they will increase my salary to minimum 5 lakhs (My HR shown some papers ..thats it...I dont have any proof ).My current salary is 2.4 lakhs.
But now after completion of my studies,company is reluctant to increase my package ( they are not increasing it by 2 lakhs also). Company does't even change my job profile also. So I want to switch the company badly. Now my questions are -
1. Is it a one way bond or two way bond?
2. Can I break the bond without paying money ?
3. Can I take any legel action against the company (It is one of the reputed company in the world) ?
Thanks in advance.
My company send me for higher studies to one of the top institute of India as a sponsored student (but I had to clear every aptitude and interviews on my own). But for that I had to sign 5 years bond for 15 lakhs which is 20 % reducible per year. I have no option as it was recession period .I have signed on 100 Rs. stamp paper with signature of 2 guarantors.
My company told me that they will increase my salary to minimum 5 lakhs (My HR shown some papers ..thats it...I dont have any proof ).My current salary is 2.4 lakhs.
But now after completion of my studies,company is reluctant to increase my package ( they are not increasing it by 2 lakhs also). Company does't even change my job profile also. So I want to switch the company badly. Now my questions are -
1. Is it a one way bond or two way bond?
2. Can I break the bond without paying money ?
3. Can I take any legel action against the company (It is one of the reputed company in the world) ?
Thanks in advance.