Hello, I have to singed a company bond of 2 + 1/2 year, the bond is only on company letter pad there was no notary or any type of stamp paper so Is it bond valid in India?
i have been selected in other company with greater salary so can i go at that company ?? the bond was 50000 rs so if i leave this company then can company going to court ?? pls help me to out in this solution
From India, Gold
1i have been selected in other company with greater salary so can i go at that company ?? the bond was 50000 rs so if i leave this company then can company going to court ?? pls help me to out in this solution
From India, Gold
I'm not an HR person but I found this using our research bar at the top - see if it's useful or search for more material.
https://www.citehr.com/30808-bond-legal-india.html
Regards,
Sid
From India, Gurgaon
https://www.citehr.com/30808-bond-legal-india.html
Regards,
Sid
From India, Gurgaon
It is valid coz you have agreed on an agreement and signed it on the company letter head. It does not matter if notary is done or not. Company can go to near by bank and spend Rs 100 and does the franking and it becomes more legal document if they want to.
For 50K will the company go to court coz if the value of the amount is less then 50k they can go with district court and get the judgement within 1 year time. If 50k+ then can go with High Court.
You can negotiate and settle with one month salary.
They cannot approach court unless they send you two legal notice . Make sure you or any member from your family never receives those Notice which is been addressed to you. If they have their address then you need to face this situation.
From India, Mumbai
For 50K will the company go to court coz if the value of the amount is less then 50k they can go with district court and get the judgement within 1 year time. If 50k+ then can go with High Court.
You can negotiate and settle with one month salary.
They cannot approach court unless they send you two legal notice . Make sure you or any member from your family never receives those Notice which is been addressed to you. If they have their address then you need to face this situation.
From India, Mumbai
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Company Car Policy.doc