Hi
I want to break the bond of my company which i have joined in july-2007 as a freaher.I have 2 years bond for 2 lakhs.I have signed one stamp paper with signature of 2 gurantators in letter of undertakeing that my guarentators will pay 2 lakhs if i terminate service before completion of bond period.But due to some unavoidable situation in march -2008 i have asked my company to transfer me to another place where my wife is working because her company dont have any office at my place and she also has bond in her company.even after 4 months they are not giving me transfer and telling me that "we can not give you commitment for transfer and if you are not satisfied with my answer you can find another way".So i have given interview in other company where i got selected with higer package but that company is asking for relieving latter of current company even if i told them every thing about bond and amount at the time of interview.Please guide me how i can ask my currently working company to give me relieving latter without giving bond amount to them...If i produce any fake letter to new joining company will it create any problem????:?::?:
From India
Acknowledge(0)
Amend(0)
I want to break the bond of my company which i have joined in july-2007 as a freaher.I have 2 years bond for 2 lakhs.I have signed one stamp paper with signature of 2 gurantators in letter of undertakeing that my guarentators will pay 2 lakhs if i terminate service before completion of bond period.But due to some unavoidable situation in march -2008 i have asked my company to transfer me to another place where my wife is working because her company dont have any office at my place and she also has bond in her company.even after 4 months they are not giving me transfer and telling me that "we can not give you commitment for transfer and if you are not satisfied with my answer you can find another way".So i have given interview in other company where i got selected with higer package but that company is asking for relieving latter of current company even if i told them every thing about bond and amount at the time of interview.Please guide me how i can ask my currently working company to give me relieving latter without giving bond amount to them...If i produce any fake letter to new joining company will it create any problem????:?::?:
From India
Acknowledge(0)Amend(0)
Hi,
What I would suggest you is to talk with your new company and tell them that instead of giving them the releiving letter, you can give them a read receipt copy of your resignation email. Further in order to protect them from any future problems, you can give them an option of signing an affidavit which would state that you will be solely responsible for any financial liability if your previous company files any civil case against you in future.
Hope they will agree to your proposal.
Regards.
Manoj.
From India, Calcutta
Acknowledge(0)Amend(0)
1What I would suggest you is to talk with your new company and tell them that instead of giving them the releiving letter, you can give them a read receipt copy of your resignation email. Further in order to protect them from any future problems, you can give them an option of signing an affidavit which would state that you will be solely responsible for any financial liability if your previous company files any civil case against you in future.
Hope they will agree to your proposal.
Regards.
Manoj.
From India, Calcutta
Acknowledge(0)Amend(0)
Hi,
Just for your information in India there is no concept of a "bonded labor"!
In my previous organization we had the same "bond" system. However there were many people who left the place before the bond period and the organization could not do anything about it as Indian Law does not entertain "Bonded labor" concept!
If the organization is not giving you the relieving letter then I suggest you take a printout of your resignation email that you had sent to your superiors and show it as proof rather than making a fake one.
All the best!
From India, Bangalore
Acknowledge(0)Amend(0)
Just for your information in India there is no concept of a "bonded labor"!
In my previous organization we had the same "bond" system. However there were many people who left the place before the bond period and the organization could not do anything about it as Indian Law does not entertain "Bonded labor" concept!
If the organization is not giving you the relieving letter then I suggest you take a printout of your resignation email that you had sent to your superiors and show it as proof rather than making a fake one.
All the best!
From India, Bangalore
Acknowledge(0)Amend(0)
Dear Sir,
I need your help regarding the Bond Issue with me. I am a Mechanical Engineer who joined ABC company, which takes a contract from XYZ company. My offer letter does not cover any bond concept. However, when I joined the company, they made me sign a one-sided bond. In case of breaching the bond before 2 years, I am required to pay 50,000 Rs to the company on a 50 Rs stamp paper. If I had not signed the bond, they would not have paid me the salary.
After joining, I discovered that they are also deducting money for leaves - 15 leaves yearly, with a refund after a year. Additionally, there are no specific leave categories like SL, PL, etc. If we take leaves, our salary gets deducted.
They do not provide salary slips. Moreover, there are different working hours for girls and boys; boys work from 9:30 to 7:30, while girls work from 9:30 to 6:30. Our job role involves high risk as it is in the Oil & Gas Field, with no insurance coverage provided by the company except for the WC policy. I am concerned about the benefits of the WC policy if an unfortunate incident were to occur in the field.
Given this situation, is it justifiable to breach the bond? I have completed 4 months and wish to leave the company due to this form of harassment.
From India, Vadodara
Acknowledge(0)Amend(0)
I need your help regarding the Bond Issue with me. I am a Mechanical Engineer who joined ABC company, which takes a contract from XYZ company. My offer letter does not cover any bond concept. However, when I joined the company, they made me sign a one-sided bond. In case of breaching the bond before 2 years, I am required to pay 50,000 Rs to the company on a 50 Rs stamp paper. If I had not signed the bond, they would not have paid me the salary.
After joining, I discovered that they are also deducting money for leaves - 15 leaves yearly, with a refund after a year. Additionally, there are no specific leave categories like SL, PL, etc. If we take leaves, our salary gets deducted.
They do not provide salary slips. Moreover, there are different working hours for girls and boys; boys work from 9:30 to 7:30, while girls work from 9:30 to 6:30. Our job role involves high risk as it is in the Oil & Gas Field, with no insurance coverage provided by the company except for the WC policy. I am concerned about the benefits of the WC policy if an unfortunate incident were to occur in the field.
Given this situation, is it justifiable to breach the bond? I have completed 4 months and wish to leave the company due to this form of harassment.
From India, Vadodara
Acknowledge(0)Amend(0)Engage with peers to discuss and resolve work and business challenges collaboratively - share and document your knowledge. Our AI-powered platform, features real-time fact-checking, peer reviews, and an extensive historical knowledge base. - Join & Be Part Of Our Community.
Career Press - There Are No Limits Breaking the Barriers in Personal High Performance 1564143406.jpg
Breaking habits.doc
Stone Breaking and Stone Crushing Operations 2021.PDF