Please note that verbal communication does not have any legal value. And company cannot change and/ or introduce terms and conditions violating laws of the land. The terms and conditions of your company does not matter when there is settled law. Surely your company is trying to take you for a ride by illegally enhancing the notice period as well as asking you to pay 50K and not giving anything in writing so that you cannot charge them later. Legally company cannot withhold any certificate.
Now you have to act smart and decide the next course of action.
Check my blog at www.labourlawhub.com

From India, Kolkata
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