You can consult lawyer in your neighborhood or known to you or your family. It shall be appropriate to consult a competent and experienced service lawyer.
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Employer must grant reasonable time to sign on any time say 7 days.
Alternatively you can put it on email ( with cc/bcc to your personal email for record) that you have been provided a copy of bond or whatever is the title of the document, which is dated...............on today i.e. dated............and you need .............days time to revert.
It is a possibility that your employer may become vindictive if you do not sign on the spot as per his inner wishes.
Or if you are made to sign on the spot denying time you may send an email or letter that you were not granted any time to go thru the bond (or whatever is the title of the document, which is dated...............supplied to you on dated....................by hand in office premises) and were made to sign on the spot, while you requested to provide you time so that you can go thru it and submit it in ........days time or a soft copy be provided to you for going thru it in ......days time. You do not agree to following conditions expressed in the bond............This shall come handy to you in future.
In case of any issues you can tender notice of resignation under acknowledgement, with effective date of resignation clearly expressed in it, citing your above mentioned communication. Employee can withdraw notice before effective date of resignation. You can utilize your notice period to look for another opportunity and in case you are not well you can apply for sick leave. Termination order your sick leave can be termed as bad order.
Bond is bond. It shall certainly impose some restriction/restraint on you.
Kindly consult elders in the family, competent and experienced well wishers, competent and experienced service lawyer, and proceed as deemed fit.
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