Refund of security deposit
This query is : Resolved
24 October 2018
A person gave an amount of Rs.25,000/- as security deposit while joining a company. The condition is that it will not be refunded unless he complete 2 years i the company. But same is "not mentioned" anywhere in the offer letter provided by the company.
He wanted to leave the company because he got a better offer. The company is not ready to return the security deposit since he has not served for a period of 2 years
Is there any provision in any law for getting the refund of security deposit.
He wanted to leave the company because he got a better offer. The company is not ready to return the security deposit since he has not served for a period of 2 years
Is there any provision in any law for getting the refund of security deposit.
Rajnish Singh
(Expert)
08 November 2018
if this terms are not agreed on paper only verbal agreement is being made than it is null and void and you are able to get your security. file a complaint with labour court.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Capital Gail Exemption Certificate
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Taxation of crypto futures in India Fy 2026- 2027
- MSME disclosure and disallowance
- EPF ECR NEW RULES Sep 17th 2026
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
