Bond for regular employees
Antony
(Querist) 15 February 2012
This query is : Resolved
I was a contract employee with cochin port as a Pilot and had a bond for serving port for 3years of amount rs 180000 shown as cost of training.
Now I am being absorbed as regular employee.
I require no training anymore and I am licenced to do my job.But they are
telling me they will terminate my initial bond of rs 180000 (cost of training) and I have to now sign a new bond of Rs 400000/- as security bond for serving port for 3years.
Bond is to made in 100rs stamp paper require 2 people as surety.
isn't it against bonded labour act for a central govt organisation to do it.Since there is no cost of training now how they came to a vague figure of Rs 400000.What is the
strength of bond in case i have to leave due to some unforeseen circumstances .
ajay sethi
(Expert) 15 February 2012
if you leave the organisation they will enforce the bond against you and recover the bond amount .
if you do not want to execute the bond join some other organisation .
prabhakar singh
(Expert) 15 February 2012
DEAR AUTHOR!
KINDLY BEAR US TILL ADMIN.STOPS PLAYING SMART WITH EXPERTS BY ALLOWING ABUSES TO EXPERTS JUST BECAUSE ANY ANSWER OF ANY EXPERT WINS THE OPPONENT OF QUESTIONER.
mahendrakumar
(Expert) 16 February 2012
you have an option to sign or not.
if you sign it,it would be binding on you.
K.S.Srinivas
(Expert) 20 February 2012
If signing of bond is a compulsory and a condition is stipulated in the appointment letter, then you should sign the bond.
