hi,
when i left the company, i paid 1.6 lakh approx. to the company as bond value. can i get it back? in a sense they owe me 1.6 lakh because when i will go to the court, bond agreement will not be legal, hence they don\'t have anything to support their stand. it means they have to return my money. can it be possible?
From India, Ranchi
1when i left the company, i paid 1.6 lakh approx. to the company as bond value. can i get it back? in a sense they owe me 1.6 lakh because when i will go to the court, bond agreement will not be legal, hence they don\'t have anything to support their stand. it means they have to return my money. can it be possible?
From India, Ranchi
Everyone here has been saying it is not valid, however today Judge has convicted me in one such case.. I don’t even know what should I do next.. I don’t think my lawyer is any good.
From United States, Denver
From United States, Denver
hello sir, i joined in it company , here i have signed 2yr bond. i gave all my certificates to them . i resigned from my position . now tell me how to get my certfiactes
From India, Chennai
From India, Chennai
Dear all,
As per my experience which has pertained from my friend bond with the his previous company, it doesnt seems to be valid with regard to our statute law. So its no more legalally valid.............
From India, Madras
As per my experience which has pertained from my friend bond with the his previous company, it doesnt seems to be valid with regard to our statute law. So its no more legalally valid.............
From India, Madras
Dear All,
The Legality of the Employeement Bond is purely based on its clauses added in the agreement. The clauses should be relevant to the employment and it should not against the contract and agreement Laws by the Indian government.
Important Points to takecare when you sign a bond with the employee are many. Some of them are as follows.
a. The contract should contain clauses about the arbitrary, breach of confidentiality, tenure of the employee and the damage which shall be paid by the employee.
b. Affidavit of acknowledgment should be signed by the employee along with the agreement.
c. The Witness signature is very important. Two (or) more witness is very good. Atleast 1 of the witness must be a blood relative and before the witness signature, any one of the Govt ID of the witness has to be filed.
d. Numbering of the clauses is very important. If there is any mistakes and typographical errors in the numbering of the clauses, then the bond will not be valued.
e
From India, Madras
The Legality of the Employeement Bond is purely based on its clauses added in the agreement. The clauses should be relevant to the employment and it should not against the contract and agreement Laws by the Indian government.
Important Points to takecare when you sign a bond with the employee are many. Some of them are as follows.
a. The contract should contain clauses about the arbitrary, breach of confidentiality, tenure of the employee and the damage which shall be paid by the employee.
b. Affidavit of acknowledgment should be signed by the employee along with the agreement.
c. The Witness signature is very important. Two (or) more witness is very good. Atleast 1 of the witness must be a blood relative and before the witness signature, any one of the Govt ID of the witness has to be filed.
d. Numbering of the clauses is very important. If there is any mistakes and typographical errors in the numbering of the clauses, then the bond will not be valued.
e
From India, Madras
I am working in a MNC India and had offered from client(Outside india) and i would like to know what kind of legal issue i may have from my company in india
From India, Chennai
From India, Chennai
Hi Rohit, dont pay any monday,,, consult any advocate.. file a case against throug labour law. as he is torturing you... deffinately you will win..
From India, undefined
From India, undefined
Hello Sir,
Could you please tell me what are the various situations where the employer can ask for a bond from the employee?
For example, we can ask time frame agreement from the joinee, like binding with the company for 2 years or so....
similarly, what are the various situations where an employer ask for a bond
Thank you,
Harikrishna
From India, Hyderabad
Could you please tell me what are the various situations where the employer can ask for a bond from the employee?
For example, we can ask time frame agreement from the joinee, like binding with the company for 2 years or so....
similarly, what are the various situations where an employer ask for a bond
Thank you,
Harikrishna
From India, Hyderabad
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Bond of Employment.doc
Bond in employment.pdf