As we all know that now a days companies are forcing to sign bonds , my question is that are these bonds are leaglly enforceable in courts & can company refuse to give the relieving letter if we breaks the bond by leaving the company before the stipulated time. what should be our action ??
Menu
Enforcibilty of Bonds or service agreement
Replies (2)
can anyone pls reply to my query above????
Hello Mr. Sharma,
Bonds executed on a stamp paper between company and employees are valid in the eyes of law.
It's an contract whereby you agree to the terms mentioned therein. It normally contains following clauses on consequences when you violate the terms mentioned there:
- you can be sued by the company
- claim for compensation
- repairing the damage
- non-relieving
- holding your final papers
These terms are decided by the management according to their requirement and would be valid if you sign your acceptance while accepting the job offer.
Regards
Bala
www.cogzidel.in
Recent Topics :
- 600128 HSN rate
- Social Security benefit from US by resident
- E-way notices
- Itr form for Salary income, Interest, Dividend And
- Will my TDS be deducted as NRI?
- PENSION ARREAR RECEIVED - EPS 95 SCHEME
- Processing of Form 144 (prev 27Q)
- Capital Gain on sale of Vacant Land- Whether Demol
- Hello dear I want help .
- Category B/D pop up after the file is e verified
Related Topics :
CAclubindia
