Hello All,
I went through all the posts regarding service bond but again coming from a non legal background I need guidance on this matter.
I joined my recent company and signed a bond of 3 years, but now I want to leave the company. It has been just 3 months after joining and company has not incurred any expense on me apart from 2.5 months salary and induction which they conducted for whole batch of new joinees. My question is can I leave the company without honoring the bond?
Waiting for response
Regards
Rohit
From India, Ludhiana
I went through all the posts regarding service bond but again coming from a non legal background I need guidance on this matter.
I joined my recent company and signed a bond of 3 years, but now I want to leave the company. It has been just 3 months after joining and company has not incurred any expense on me apart from 2.5 months salary and induction which they conducted for whole batch of new joinees. My question is can I leave the company without honoring the bond?
Waiting for response
Regards
Rohit
From India, Ludhiana
Dear Rohit,
If you have signed a bond, please stand by it. Do not abscond from the company , it will create legal hassels for you . You can leave the company only if you abide by the clauses and pay the amount mentioned .
Look at it from a different point of view, 3 years will add to your stablity and and make you more employable . Wish you all the best .
Regards,
(Cite Contribution)
From India, Mumbai
1859If you have signed a bond, please stand by it. Do not abscond from the company , it will create legal hassels for you . You can leave the company only if you abide by the clauses and pay the amount mentioned .
Look at it from a different point of view, 3 years will add to your stablity and and make you more employable . Wish you all the best .
Regards,
(Cite Contribution)
From India, Mumbai
Dear Rohit,
Yes, I do recommend on to what (Cite Contribution) had said. Again I just need some clarifications as, is the training part the reason for you to quit the company? Again in which industry are you working with? If it is a IT industry then the training part would be anytime on to the bond period.
It is not that a company will sponsor a training program for an employee on the day one when he/she joins. One main things is that, do you have any prior experience?
Please do not take hasty decisions in a short term experience. Again do post the query in detail with clear and concise statement for members to post you a proper feedback/comment.
From India, Bangalore
Yes, I do recommend on to what (Cite Contribution) had said. Again I just need some clarifications as, is the training part the reason for you to quit the company? Again in which industry are you working with? If it is a IT industry then the training part would be anytime on to the bond period.
It is not that a company will sponsor a training program for an employee on the day one when he/she joins. One main things is that, do you have any prior experience?
Please do not take hasty decisions in a short term experience. Again do post the query in detail with clear and concise statement for members to post you a proper feedback/comment.
From India, Bangalore
Thanks (Cite Contribution) and Mahesh
Just to give more detailed explanation, I am currently working in Financial Sector and I have prior experience of around 3 years with same IT company. The training part was on bond period as I signed the agreement before joining the company. Also the training I mentioned is not a specialised training it is just an induction which every company gives.
Also if I go to a different sector the experience here will anyways not matter.
Please share your thoughts on this
From India, Ludhiana
Just to give more detailed explanation, I am currently working in Financial Sector and I have prior experience of around 3 years with same IT company. The training part was on bond period as I signed the agreement before joining the company. Also the training I mentioned is not a specialised training it is just an induction which every company gives.
Also if I go to a different sector the experience here will anyways not matter.
Please share your thoughts on this
From India, Ludhiana
Dear Rohit
first i would like to clearify that all such kind of bonds are illegal. No company can make the employee sign bond and if they do, employees are under no obligation to abide by it . If bonds were ligal i would have made all my employees sign a bond of 20 years that will solve all my problems like attririon, retention, etc. If you still want to abide by the bond and you want to quite, you can resigne from the company on health ground by producing medical certificate, or you can say your parents are moving to other state ....... there are n number of alibis. If you want some more clarification please contact me on 9920528059.
Aditya
From India, Mumbai
first i would like to clearify that all such kind of bonds are illegal. No company can make the employee sign bond and if they do, employees are under no obligation to abide by it . If bonds were ligal i would have made all my employees sign a bond of 20 years that will solve all my problems like attririon, retention, etc. If you still want to abide by the bond and you want to quite, you can resigne from the company on health ground by producing medical certificate, or you can say your parents are moving to other state ....... there are n number of alibis. If you want some more clarification please contact me on 9920528059.
Aditya
From India, Mumbai
Dear All,
Please do not advise anyone to abide by any kind of bond wherein an incubent has to serve the company for specified time as these kind of bonds are illegal. If you dont have clarification please dont sugest it to others, this may cause confusion and could lead to grave consequences. If you need any clarification on these bond please feel free to contact me on 9920528059.
Aditya
From India, Mumbai
Please do not advise anyone to abide by any kind of bond wherein an incubent has to serve the company for specified time as these kind of bonds are illegal. If you dont have clarification please dont sugest it to others, this may cause confusion and could lead to grave consequences. If you need any clarification on these bond please feel free to contact me on 9920528059.
Aditya
From India, Mumbai
Dear Rohit,
As per your statement you have mentioned that the present experience will not matter much if you are planning to shift. Then why didn't you think about all these situation before joining/signing?
From India, Bangalore
As per your statement you have mentioned that the present experience will not matter much if you are planning to shift. Then why didn't you think about all these situation before joining/signing?
From India, Bangalore
Bonds are illegal whereas Agreements are valid.
Now the difference is in Bond it is just stated that the employee shall work with the org for so and so time .
Whereas in Agreement it is mentioned that the employee cannot leave for so and so time and if he does he'll be liable to pay some amount/ will not be issued relieving letter etc. Now this kind of a mutual agreement where conditions like what will happen if the employee do not abide by them are mentioned clearly are comlpetely VALID.
So chk your letter and find out if its a BOND or an AGREEMENT.
if it has a condition then you sure have to abide by it else if it just mentions the time of employment then do not worry, they cannot even touch you.
From India, Delhi
Now the difference is in Bond it is just stated that the employee shall work with the org for so and so time .
Whereas in Agreement it is mentioned that the employee cannot leave for so and so time and if he does he'll be liable to pay some amount/ will not be issued relieving letter etc. Now this kind of a mutual agreement where conditions like what will happen if the employee do not abide by them are mentioned clearly are comlpetely VALID.
So chk your letter and find out if its a BOND or an AGREEMENT.
if it has a condition then you sure have to abide by it else if it just mentions the time of employment then do not worry, they cannot even touch you.
From India, Delhi
Dear Riah,
As you have mentioned that the afore said agrrements are legal, relieving letter has to be given to every employee mentioning his performance during his tenure irrespective of his behavior, only if thr are some dues to be setled by the employees then he can not be releaved. The employer and employee in no circumstances can enter in any kind of bond or agreement wherein the employee is liable to serve the employer for said time period, this contradicts the employment engagement act and is a punishable act if backed with relevant proof. The employer can not take/recieve money (or equvalent kind) from the employee to retain his services.
From India, Mumbai
As you have mentioned that the afore said agrrements are legal, relieving letter has to be given to every employee mentioning his performance during his tenure irrespective of his behavior, only if thr are some dues to be setled by the employees then he can not be releaved. The employer and employee in no circumstances can enter in any kind of bond or agreement wherein the employee is liable to serve the employer for said time period, this contradicts the employment engagement act and is a punishable act if backed with relevant proof. The employer can not take/recieve money (or equvalent kind) from the employee to retain his services.
From India, Mumbai
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