I am working in a company. Before I joined, there was no bond in practice. But from this year, they have included a bond in the job policy. We are required to serve for 2 years; otherwise, we have to pay 1 lakh rupees. All the original certificates and documents are with us; they have only taken xerox copies. If I leave before 2 years, will I have to pay 1 lakh rupees? I do not want any experience letter from the company. Please help me with relevant answers.
From India, Bangalore
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From India, Bangalore
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Have you signed any bond on stamp paper? If yes, what are the contents? Is the company giving you any special training or sending you overseas on any project? Normally, a bond is taken for a specific requirement. How many months have you been in service with this company?
Regards,
Purohit
From India, Pune
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8Regards,
Purohit
From India, Pune
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Dear Purohit, there was no stamp paper used for the bond. We were given an appointment letter, which had 7 to 8 points. The 8th point stated that "In case the employee fails to serve for 2 years, then he has to pay 1 lakh rupees as training cost."
The company had given us 5 weeks of training when we had joined. I have been in the company for 3 months, but now, I am mentally depressed, so I want to quit the job.
Regards.
From India, Bangalore
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The company had given us 5 weeks of training when we had joined. I have been in the company for 3 months, but now, I am mentally depressed, so I want to quit the job.
Regards.
From India, Bangalore
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If you have signed those documents with your knowledge, then that will be considered a valid document. Many case judgments are given based on the consideration of appointment letters and employment bonds (employment bonds are valid in India as per Section 10 of the Indian Contract Act-1872). Try to handle the situation smoothly.
I hope this helps! Let me know if you need further assistance.
From India, Mumbai
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I hope this helps! Let me know if you need further assistance.
From India, Mumbai
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Bond of Employment.doc
Bond in employment.pdf