i was working with a big IT co where I had signed the service bond which had period of 2 years.I had worked with the company for 1 year 1 month.
Due to some reason I had to leave the company and at that time the HR accepted the resignation and gave me a resignation acceptance letter
saying that my resignation has been accepted but did not get the relieving letter
so now they r asking for the bond amount after 2 years
plz let me know wat shall i do
From India, Hyderabad
Due to some reason I had to leave the company and at that time the HR accepted the resignation and gave me a resignation acceptance letter
saying that my resignation has been accepted but did not get the relieving letter
so now they r asking for the bond amount after 2 years
plz let me know wat shall i do
From India, Hyderabad
If you reproduce the relevant portion from the so called Bond here, we will be in a better position to help you in the matter. But rest assured that they can’t do much in the matter.
From India, Mumbai
3From India, Mumbai
Hi!!!
The company may accept a resignation as a bond cannot stop anyone from leaving a company. However a bond makes the company eligible to recover the expenses incurred in the training and also the incurred losses due to a premature resignation. All depends on the inputs provided by the Company and the clauses of the Bond. Also by not providing a relieving letter the company has kept its stand that the resignation is accepted but the penalty has to be paid and as Mr. Prakash commented a Bond can be enforced within 3 years......
Anand
From India, Ulhasnagar
The company may accept a resignation as a bond cannot stop anyone from leaving a company. However a bond makes the company eligible to recover the expenses incurred in the training and also the incurred losses due to a premature resignation. All depends on the inputs provided by the Company and the clauses of the Bond. Also by not providing a relieving letter the company has kept its stand that the resignation is accepted but the penalty has to be paid and as Mr. Prakash commented a Bond can be enforced within 3 years......
Anand
From India, Ulhasnagar
in my case they forced me to leave the company
so i did not resign on my own will .i lost the job at that time
and then the hr asked me to submit a resignation letter and
just gave me a resignation acceptance letter.
that time they did not mention any thing about the bond and other details.
From India, Hyderabad
so i did not resign on my own will .i lost the job at that time
and then the hr asked me to submit a resignation letter and
just gave me a resignation acceptance letter.
that time they did not mention any thing about the bond and other details.
From India, Hyderabad
Dear All,
I am informed by my management to issue a service Bond (Min 3 yrs.) to one of my employee.
I would appreciate if you could help me out by forwarding format and contents (clauses) of a service bond please.
Regards
Swapnaja
From India, Mumbai
I am informed by my management to issue a service Bond (Min 3 yrs.) to one of my employee.
I would appreciate if you could help me out by forwarding format and contents (clauses) of a service bond please.
Regards
Swapnaja
From India, Mumbai
hi all,
i'm new to this community.pls help me out regarding the following.
i hav recently joined a mnc.at the time of interview they didn't tell me,even no mention of any bond in my offer letter,yet they r telling now that thr is a bond of 6L for 3yrs.i hav to sign as i hav no way out now.but next yr i'm appearing for MBA,so i hav to leave company then.is there ne way out t that time?pls help,i'm perplexed and can't start doing preparation.they r forcing me to sign stamp paper.can there be any loophole as i'm not going to join any company further...
regds
bhatta
i'm new to this community.pls help me out regarding the following.
i hav recently joined a mnc.at the time of interview they didn't tell me,even no mention of any bond in my offer letter,yet they r telling now that thr is a bond of 6L for 3yrs.i hav to sign as i hav no way out now.but next yr i'm appearing for MBA,so i hav to leave company then.is there ne way out t that time?pls help,i'm perplexed and can't start doing preparation.they r forcing me to sign stamp paper.can there be any loophole as i'm not going to join any company further...
regds
bhatta
Dear samir
From what you say, if the resignation was forced ,then the Bond cannot be invoked. Please send a protest letter explaining in detail the circumstances of your resignation which was not voluntary.If they still insist back it up by a Legal Notice.It is not awinning case for the Management .If you put up agood fight they will back out.
With Regards
V.Sounder Rajan
VS Rajan Associates,
Advocates & Notaries,
No.27, Ist Floor, Singapore Plaza,
No.164, Linghi Chetty Street,
Chennai - 600 001.
E-mail :
Off : 044-42620864, 044-65874684,
Mobile : 98401 42164.
From India, Madras
From what you say, if the resignation was forced ,then the Bond cannot be invoked. Please send a protest letter explaining in detail the circumstances of your resignation which was not voluntary.If they still insist back it up by a Legal Notice.It is not awinning case for the Management .If you put up agood fight they will back out.
With Regards
V.Sounder Rajan
VS Rajan Associates,
Advocates & Notaries,
No.27, Ist Floor, Singapore Plaza,
No.164, Linghi Chetty Street,
Chennai - 600 001.
E-mail :
Off : 044-42620864, 044-65874684,
Mobile : 98401 42164.
From India, Madras
sirs
can u help me pls?in the bond it's written.........
"i shall not leave,abandon,terminate or give causes for termination of my employment.."
so can't i go for higher studies?
i'm at a stake
i have already given the details of situation.pls help.
regds
bhatta
can u help me pls?in the bond it's written.........
"i shall not leave,abandon,terminate or give causes for termination of my employment.."
so can't i go for higher studies?
i'm at a stake
i have already given the details of situation.pls help.
regds
bhatta
Dear
We cannot advice you to take a risk. Signing the Bond will make you liable.When you want to pursue your career please avoid taking risk.It will put your careeer in peril.tell them you can take the Job without the Bond.Seeing your indication on its terms and the amount it is jumping into fire.Please avoid or convince them minus the Bond.
With Regards
V.Sounder Rajan
VS Rajan Associates,
Advocates & Notaries,
No.27, Ist Floor, Singapore Plaza,
No.164, Linghi Chetty Street,
Chennai - 600 001.
E-mail :
Off : 044-42620864, 044-65874684,
Mobile : 98401 42164.
From India, Madras
We cannot advice you to take a risk. Signing the Bond will make you liable.When you want to pursue your career please avoid taking risk.It will put your careeer in peril.tell them you can take the Job without the Bond.Seeing your indication on its terms and the amount it is jumping into fire.Please avoid or convince them minus the Bond.
With Regards
V.Sounder Rajan
VS Rajan Associates,
Advocates & Notaries,
No.27, Ist Floor, Singapore Plaza,
No.164, Linghi Chetty Street,
Chennai - 600 001.
E-mail :
Off : 044-42620864, 044-65874684,
Mobile : 98401 42164.
From India, Madras
Mr Ranjan,
I was told by a lot of HR guys that BOND (unless its w.r.t some special training the company provides its employees n is recovering tht cost if the employee does nt work for a certain period), is not valid and is illegal.
also, one of friends has signed a bond for 2yrs but now is not able to continue due to family issues. but her company is not accepting her resignation. They have her original education certificates n r refusing to give until she completes her 2yr bond period of pays the bond amt.
cant she come out of this mess?she s been working for 6months now.if she quits without any resignation or any notice, can the company take any legal action?
pl help...
From India, Hyderabad
I was told by a lot of HR guys that BOND (unless its w.r.t some special training the company provides its employees n is recovering tht cost if the employee does nt work for a certain period), is not valid and is illegal.
also, one of friends has signed a bond for 2yrs but now is not able to continue due to family issues. but her company is not accepting her resignation. They have her original education certificates n r refusing to give until she completes her 2yr bond period of pays the bond amt.
cant she come out of this mess?she s been working for 6months now.if she quits without any resignation or any notice, can the company take any legal action?
pl help...
From India, Hyderabad
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Service agreement.doc