Dear Sir,
I joined a firm in August 2006 and signed a 2-year bond on stamp paper with a notary done. I joined as a fresher, and my company gave me training, and the bond amount was for 2 lakhs plus the expenses incurred on me during training. Recently, my marriage is settled, and I will be getting married in November (thus working for 15 months), after which I need to go to the US as my husband works there. I never wanted to leave the organization before my bond time, but now I have to. Someone told me that by producing a marriage certificate, I won't be breaking the bond, and the company can't take legal action against me in the future.
I have given 2 securities, so will the company take action against them in the future... Sir, I don't want to cheat my organization, but I don't have the money to pay them and get relieved legally. I would not mind if they don't give me my experience certificate, but I want to inform them and leave so that they can find a replacement and the work goes smoothly. I am told to leave the organization even 1 month before I have to pay the entire amount. So should I inform them... many have left without informing, but I don't think it is ethical. But if I have no other choice, I have to do it that way... Will there be any problems with my visa? I would be going on a dependent visa... Please help...
Thanking you
From India, Hyderabad
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I joined a firm in August 2006 and signed a 2-year bond on stamp paper with a notary done. I joined as a fresher, and my company gave me training, and the bond amount was for 2 lakhs plus the expenses incurred on me during training. Recently, my marriage is settled, and I will be getting married in November (thus working for 15 months), after which I need to go to the US as my husband works there. I never wanted to leave the organization before my bond time, but now I have to. Someone told me that by producing a marriage certificate, I won't be breaking the bond, and the company can't take legal action against me in the future.
I have given 2 securities, so will the company take action against them in the future... Sir, I don't want to cheat my organization, but I don't have the money to pay them and get relieved legally. I would not mind if they don't give me my experience certificate, but I want to inform them and leave so that they can find a replacement and the work goes smoothly. I am told to leave the organization even 1 month before I have to pay the entire amount. So should I inform them... many have left without informing, but I don't think it is ethical. But if I have no other choice, I have to do it that way... Will there be any problems with my visa? I would be going on a dependent visa... Please help...
Thanking you
From India, Hyderabad
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As far as I am concerned, move with your management in a cordial manner and settle the issue to exit the organization and retrieve the bond. If they do not return the bond, consider staying for a few more months until two years have been completed before leaving. Failure to return the bond could have implications for your visa.
jagadeesh.s
9986648480
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jagadeesh.s
9986648480
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This is a legal issue. Consult a experienced lawyer with the copy of bond. Some times somewhere such bonds are not legally valid. check with the legal professional and have clarity.
From United+Arab+Emirates, Dubai
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2From United+Arab+Emirates, Dubai
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I am a lawyer practicing employment laws. The company can claim only actual expenses it may have incurred on your training. The burden will be on the company to prove expenses. The company cannot claim any other expenses, i.e., a bond amount of Rs 2 lakhs from anybody.
Has the company incurred any specialized training costs on you? Was it on-the-job training? If it was, even the claim on expenses of training will be moot.
Inform the company about the circumstances in which you need to be relieved and go ahead.
From India, Pune
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Has the company incurred any specialized training costs on you? Was it on-the-job training? If it was, even the claim on expenses of training will be moot.
Inform the company about the circumstances in which you need to be relieved and go ahead.
From India, Pune
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Thank you very much for your help. I am very much relieved now. Yes, I was trained in .NET for 1 month and now I am in a project, but I wish to apply for leave from the project so that they can find a replacement. Can I inform them 3 months in advance, telling them about my issue, and leave without any hassles? I won't mind if they do not give me the experience certificate, but I don't want this issue to create any problems with my visa or in my future.
Thanking you,
Keerthana
From India, Hyderabad
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Thanking you,
Keerthana
From India, Hyderabad
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Bond in employment.pdf
Bond of Employment.doc