Hello Experts, I am currently residing in the USA. In 2010, I worked for an Indian MNC. Now, as I requested a reference letter, they are asking for an Indemnity Bond that should be signed by me and authorized by the Indian Notary public on a 20rs stamp paper. Please advise on how to proceed as I am not in India.
From United States, Irving
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From United States, Irving
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Dear Kalps,
Is it that the MNC is your ex-company, and you have changed your job, and as part of the background verification, a reference check is being made? Is my understanding correct?
However, for a reference check, why is the company asking for an "Indemnity Bond" not understood? The definition of indemnity is protection against future loss or legal exemption from liability for damages. By providing a reference to your current/future company, what loss will your past company incur? By providing a reference, what damage will your past incur so that they want a legal cover against the damage?
Suppose a company is taking its employees to a resort for some event. If the company seeks a letter of indemnity from the employees, then it is understandable. But your case is different.
Please clarify the context of the indemnity bond.
Thanks,
Dinesh Divekar
From India, Bangalore
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8071Is it that the MNC is your ex-company, and you have changed your job, and as part of the background verification, a reference check is being made? Is my understanding correct?
However, for a reference check, why is the company asking for an "Indemnity Bond" not understood? The definition of indemnity is protection against future loss or legal exemption from liability for damages. By providing a reference to your current/future company, what loss will your past company incur? By providing a reference, what damage will your past incur so that they want a legal cover against the damage?
Suppose a company is taking its employees to a resort for some event. If the company seeks a letter of indemnity from the employees, then it is understandable. But your case is different.
Please clarify the context of the indemnity bond.
Thanks,
Dinesh Divekar
From India, Bangalore
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REFERENCE CHECK FORM TO BE SENT TO TSUPERVISOR.doc