Mental harassment

Querist : Anonymous (Querist) 21 January 2019 This query is : Resolved
I'm a clerk working in a public sector Bank. My organisation threatening employees to buy their shares under employee stock purchase plan. I'm a low level clerk they asking me to buy shares up to 1lakh rupees.. if not they threatening me for immediate transfer from my home town. This their any law is their for employee mental harassment.

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Sudhir Kumar, Advocate (Expert) 22 January 2019
It is you right not to buy shares.

It is their right and prerogative to transfer you.

If you are transferred then how do you prove it to be malafide due refusal to invest where you do not want

A. A. JOSE (Expert) 22 January 2019
In terms of your conditions of service, are you not liable to be transferred? Difficult to believe that a public sector bank would force or threaten its employees to buy its shares as you made out!

Dr J C Vashista (Expert) 23 January 2019
Purchase of shares of the Bank in return for posting outstation is an illegal policy, which can be assailed.
An anonymous author should not expect valuable obligation from experts as per rule of this platform, disclose your identity and/or consult a local prudent lawyer for professional guidance and proceeding.

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