Bond of 2 lakhs signed in office for training in abroad

The question whether the bond is legal or not you should have thought before signing. Now that you have signed and availled the benefit of going to Europe and undergoing training at Company's expenses, you have to go by the bond and pay Rs. 2.00 lakhs. Alternatively, you have to go to Court and find out whether it is legal or not or whether Court finds it not legal. It will take almost a decade to find out.

 

To give my opinion, it is perfectly legal for the company to take such bond when they are getting one of their Employees trained in a foreign country at considerable cost.  They naturally and justly expect such trained Employee works in their Company atleast for some minimum period so that the training given to him shall be beneficial to the compnay. 

 

Therefore, what the Company has done so far is perfectly legal. Now it is for you to decide as noted Para 1 above of my reply.

 

Before signing to the contract u shud be aware of the facts and the legal consequences which may bind u future.now it is not easy to escape. Company thinks for its benefit not for u.winning chances is 99:1percent. U contact and request for reduction in amount with well wisher in in company settle with amicably