Bond for joining port as regular employee
Antony
(Querist) 14 February 2012
This query is : Resolved
Sir
I was a contract employee with cochin port as a Pilot and had a bond for serving port for 3years of amount rs 150000 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 150000 (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 how they came to a vague figure of Rs 400000.What is the
strength of bond in case i have to leave in case of some unforeseen circumstances .
