Dear Sir,
I am currently working in an IT firm as a software tester. I have 12K per month as salary here.I have signed a bond for working with them for 2 year on Stamp paper and have submitted a blank dated cheque of 1 lakh in favour of that firm as a security to firm.
I have completed service of 10 months, But here I have nothing to learn. After having 2 years of experience other companies expect some automation and other skills that I wouldn't get here anymore.
Now I have a offer letter of good MNC with good salary package and with no bond. I want to join this company. I am a little concerned about the action that company can take against me if I break bond.
Can you please suggest me if there is any legal action possible that company can take OR is there any such law that can help me if i break bond.
Your suggestions will be highly helpful to me. Hoping that you will provide your valuable suggestions.
Thanks & Regards
Amit Yadav
9022469317
From India, Mumbai
I am currently working in an IT firm as a software tester. I have 12K per month as salary here.I have signed a bond for working with them for 2 year on Stamp paper and have submitted a blank dated cheque of 1 lakh in favour of that firm as a security to firm.
I have completed service of 10 months, But here I have nothing to learn. After having 2 years of experience other companies expect some automation and other skills that I wouldn't get here anymore.
Now I have a offer letter of good MNC with good salary package and with no bond. I want to join this company. I am a little concerned about the action that company can take against me if I break bond.
Can you please suggest me if there is any legal action possible that company can take OR is there any such law that can help me if i break bond.
Your suggestions will be highly helpful to me. Hoping that you will provide your valuable suggestions.
Thanks & Regards
Amit Yadav
9022469317
From India, Mumbai
Dear Amit
Congrats , you can relive form your old one , If you working there means your future will be destroy, you are not slave , there is no Legal action for this one , But you should careful for cheque issue ,for Few month you should avoid that bank account . if possible means you may book cause in inspector of labours , we have own rights to argue , in future you do not do same mistake
Regards
Venkateshwaran
From India, Chennai
25Congrats , you can relive form your old one , If you working there means your future will be destroy, you are not slave , there is no Legal action for this one , But you should careful for cheque issue ,for Few month you should avoid that bank account . if possible means you may book cause in inspector of labours , we have own rights to argue , in future you do not do same mistake
Regards
Venkateshwaran
From India, Chennai
Hi,
I submit my case for your kind perusal.
I signed a Service agreement/Bond with an IT company last year. The bond entitled me to work for the company for 2 years failing to which, I shall have to pay them a sum of 1 lakh rupees as training expenses.
However, while my company trained me in a particular language, they did not put me on project for a considerable period of time. Later, they provided me a short 20 day training in some other technology(both of which I knew beforehand) and put me on project for a couple of months. They later shifted me to the original position and then dragged me back from it within a period of one month. Owing to all this, I was greatly disappointed and decided to leave the company. While initially they agreed to negotiate the amount to be paid, they retracted from it and asked me to pay the entire amount. I resigned that day and have been absconding since(almost 7 days now). Now they have emailed me directing me to pay the entire amount within 15 days or else they will proceed with civil proceedings against me.
The case to point here is -
1. I have been continuously asking them for a copy of the bond that I signed. Each time they have flatly refused the same citing company policies.
What do you suggest might happen in such a scenario. Is this enforcement of bond legal in a civil court in India?
From India, Delhi
I submit my case for your kind perusal.
I signed a Service agreement/Bond with an IT company last year. The bond entitled me to work for the company for 2 years failing to which, I shall have to pay them a sum of 1 lakh rupees as training expenses.
However, while my company trained me in a particular language, they did not put me on project for a considerable period of time. Later, they provided me a short 20 day training in some other technology(both of which I knew beforehand) and put me on project for a couple of months. They later shifted me to the original position and then dragged me back from it within a period of one month. Owing to all this, I was greatly disappointed and decided to leave the company. While initially they agreed to negotiate the amount to be paid, they retracted from it and asked me to pay the entire amount. I resigned that day and have been absconding since(almost 7 days now). Now they have emailed me directing me to pay the entire amount within 15 days or else they will proceed with civil proceedings against me.
The case to point here is -
1. I have been continuously asking them for a copy of the bond that I signed. Each time they have flatly refused the same citing company policies.
What do you suggest might happen in such a scenario. Is this enforcement of bond legal in a civil court in India?
From India, Delhi
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Bond of Employment.doc
Bond in employment.pdf