I have signed a bond for rupees 100,000 for 2 years on a 100 or 200 rupee stamp paper. So, if I leave the company, let's say when I complete 1 year, I will have to pay 50,000 rupees to them. I asked for a copy of the bond paper, but they denied it, giving inappropriate excuses. Now, I am really concerned because I don't even have a copy of the bond paper. Why should I pay 50,000 rupees to them then? Additionally, if I don't pay, they won't provide me with a relieving letter.
From India, Pune
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From India, Pune
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This is an issue many of the employees are facing. Having signed the bond, it's obvious one has to face the consequences, especially when the situation arises to get a relieving letter. A clear relieving letter is an important document for anyone's career prospects. Therefore, I can only suggest handling this carefully so that you can avoid running into risks in your early days of a promising career.
Having a copy of the bond or not is a different question. But what if they take you to court based on the original bond, which is in their possession? Moreover, unless it's settled, there is no chance of getting a clear relieving letter, which is an unavoidable document to continue your career. Try to settle it amicably. Maybe you may have an inkling to fight it out in court, which is a long-drawn process that you know.
From India, Bangalore
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1159Having a copy of the bond or not is a different question. But what if they take you to court based on the original bond, which is in their possession? Moreover, unless it's settled, there is no chance of getting a clear relieving letter, which is an unavoidable document to continue your career. Try to settle it amicably. Maybe you may have an inkling to fight it out in court, which is a long-drawn process that you know.
From India, Bangalore
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I am ready to pay them the bond money of 50000 rupees, but they are not agreeing to give me the copy of the bond paper. So, it is obvious that how can anyone give money when he/she doesn't have the paper with them. Also, at the time of joining, they didn't mention too much about rotational shifts, which I am doing now.
Should I go for RTI then if they don't provide me with a copy of the bond paper?
From India, Pune
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Should I go for RTI then if they don't provide me with a copy of the bond paper?
From India, Pune
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Bond is not legal, even if both parties sign it, if justifiable expenses are not there for training, etc.
Bonds and agreements to withhold an employee are illegal. The company can recover the actual cost of any training provided to the employee through these bonds. In your case, did the company provide you any training? If not, why is the company asking for money?
The company can file a suit before the court to recover the money, but they will not have much of a chance if you fight properly. Let the company demand Rs. 50,000 in writing, and then you can start defending yourself by replying with a lawyer's notice.
From India, Jubilee Hills
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Bonds and agreements to withhold an employee are illegal. The company can recover the actual cost of any training provided to the employee through these bonds. In your case, did the company provide you any training? If not, why is the company asking for money?
The company can file a suit before the court to recover the money, but they will not have much of a chance if you fight properly. Let the company demand Rs. 50,000 in writing, and then you can start defending yourself by replying with a lawyer's notice.
From India, Jubilee Hills
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I think the moot point here is the clear Relieving Letter, whether crucial or not. Once he doesn't mind, then he as well, if they agree, can join and deal with the demand if and when it arises according to his will. It's well known they may agree or may not agree to the 50k in cash; it's not his option to exercise. Secondly, in the event taken to court, cost and time will tell what to do, irrespective of the end result, based on past cases settled mostly in favor of the impugned (employee side).
RTI won't work. You can get information pertaining to private entities such as private schools, colleges, cooperative societies/banks, private sector banks and insurance companies, public/private trusts, private service providers, public limited companies, etc., under section 2(f) of the RTI Act.
While seeking out information from private organizations, the Right to Information Act is applicable only if you wish to seek information relating to the government. RTI does not apply in the case of private bodies such as Amazon, Flipkart, Vodafone, and so on. There are also other views regarding RTI - please go through this link: https://vakilsearch.com/advice/rti-for-private-companies-get-information-from-private-bodies/
From India, Bangalore
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RTI won't work. You can get information pertaining to private entities such as private schools, colleges, cooperative societies/banks, private sector banks and insurance companies, public/private trusts, private service providers, public limited companies, etc., under section 2(f) of the RTI Act.
While seeking out information from private organizations, the Right to Information Act is applicable only if you wish to seek information relating to the government. RTI does not apply in the case of private bodies such as Amazon, Flipkart, Vodafone, and so on. There are also other views regarding RTI - please go through this link: https://vakilsearch.com/advice/rti-for-private-companies-get-information-from-private-bodies/
From India, Bangalore
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Resignation cum relieving letter.doc