PLZ HELP,
I have signed a bond(on company's letter head) for 2 years, training period mentioned in my appointment letter is 1 year ,followed by probation for 6 months and then confirmation if they feel so...whereas for other employees , training period is 9 months.(reason given is that ma job profile is different from them).if i leave the company before the completion of stipulated period, then i hv to pay rs.25,000.but i am unhappy with the policies of the company.coz i am a post graduate but stipend given to me is based on ma Graduation level.they are not considering my P.G. and hv not yet revised my stipend since past 7 months. they hv sent me for external training for 4 days (it costed them rs.9000), now i dnt wish to continue due to some reason. i want to resign by fulfilling the stated notice period.but i am afraid that they will ask for bond money as well as training expenses. keeping in mind that my stipend has not been revised yet, cant it be considered as compensation from my side towards company for my training expenses. and what could be done to get releiving letter (they might not give so). and i hv heard that bond act got abolished.so is this bond legal.how to get rid of this problem legally.
pls help as soon as possible..
regards,
HK