industrial law related
anu
(Querist) 11 December 2008
This query is : Resolved
I am working in Multinational Company in noida as a software engineer in India.I joined on 25th August 2008. There is a bond with the company of Rs. 1 Lacs for two year working with them.Its a one way bond i.e. only from my side to the company . But due to some reason i would like to leave the company before two years,is it necessary to fill that bond of Rs. 1Lacs? Tell me tha way i.e. i should not fill that bond.
Please reply
aneeta.hbti@gmail.com
Tribhuwan Pandey
(Expert) 14 December 2008
If you have signed the agreement with the company, you would have to fulfill the terms of agreement. If you do not follow the agreement signed by you, you may be prosecuted by the company.
If you want to leave the Company do not sign the bond, if you have signed and want to leave the Company convey the reasons of your hardship to your appointing authority and request to revoke the agreement.
Manish Singh
(Expert) 22 December 2008
Dear Anu,
enforceability of the bond depends on the expenses the company has incurred on you.
if they have incurred expenses to train you to suit their jofb you shall have to compensate them for those expenses. if this is not the case, you are free to move out without paying a single penny.
Hiralal Das
(Expert) 08 April 2009
Thanks all of you the ld. members and the author.
I think your valuable opinions will assist everybody to solve their problem/matter in question properly.
