Good Morning,
My friend did the bond with the company while joining, they (company) called it as service bond. The bond is for 2 yrs. on 100 Rs. stamp paper between HR person (company representative) and employee itself.
If leaves company before stipulated period, he should give six month salary to company.
He breaks the bond and join the new company. Now company asked to pay 6 month gross salary.
I want know that is it legal bond. Generally I heard that amount is basic pay only but this company ask to pay 6 month gross salary.
Please give your valuable suggestion.
As I want to help my friend. :( :(
My friend did the bond with the company while joining, they (company) called it as service bond. The bond is for 2 yrs. on 100 Rs. stamp paper between HR person (company representative) and employee itself.
If leaves company before stipulated period, he should give six month salary to company.
He breaks the bond and join the new company. Now company asked to pay 6 month gross salary.
I want know that is it legal bond. Generally I heard that amount is basic pay only but this company ask to pay 6 month gross salary.
Please give your valuable suggestion.
As I want to help my friend. :( :(