Hello,
I am working for a private company, my question is - I have traveled to US for a process transition for 1 month and before going on transition co told me to sign a bond of 2 years which I did.
Now the issue is I am working in Noaida and my home location is Mumbai, I want to quite the job and move back to Mumbai as to take care of my parents as they are not keeping well. Now when I resigne from the company I have few questions plz help me out:
1. Do I need to pay 2 lac rupees for which I have signed the bond for 2 years as I have not completed 2 years after returning from US. Till now I have only completed 8 month with the co?
2. If I don't pay the bond amount what will happen, does co have a legal right to take me to the court?
3. Can co hold my reliving letter if the amount is not paid to them?
Pleas help me out so that I can move to Mumbai to take care of my parents.
Thanks,
Rakesh M
I am working for a private company, my question is - I have traveled to US for a process transition for 1 month and before going on transition co told me to sign a bond of 2 years which I did.
Now the issue is I am working in Noaida and my home location is Mumbai, I want to quite the job and move back to Mumbai as to take care of my parents as they are not keeping well. Now when I resigne from the company I have few questions plz help me out:
1. Do I need to pay 2 lac rupees for which I have signed the bond for 2 years as I have not completed 2 years after returning from US. Till now I have only completed 8 month with the co?
2. If I don't pay the bond amount what will happen, does co have a legal right to take me to the court?
3. Can co hold my reliving letter if the amount is not paid to them?
Pleas help me out so that I can move to Mumbai to take care of my parents.
Thanks,
Rakesh M