Bond breaking

5 years ago

Respected sir/mam,
I was asked to submit my original certificates as a collateral for my job for bond period of 4 years. If I was supposed to break it I have to pay a sum of rs 1 lakh. All I want to know is will this type of bonding is valid in india or not?
Note: no special training or valuable training provided by company

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Deepak Yashwantrao Bade

Responded 5 years ago

A.Dear client employment bonds are not valid.kindly go through experienced lawyer for defence

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Prabhakara S K Shetty

Responded 5 years ago

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A.The bonding as you call it is a contract and is not illegal. If you voluntarily give your certificates then no one can come in the way. It is your decision.

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VIMAL K MISHRA

Responded 5 years ago

A.As per the mandate of Section 27, any terms and conditions of an agreement which directly or indirectly compels the employee to serve the employer or puts a restriction on them joining the competitor or other employer is not valid under the Indian law, The employee has right to resign from the employment even if he has agreed in the employment bond to serve the employer for a specific period of time.

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Ambrose Leo

Responded 5 years ago

A.Many Private companies are still resorting to unlawful & Illegal labour & Employment practices, as such issues are not come before the High Courts or Supreme Courts, there are not been penalised or restricted from unfair labour & employments practices,better to contact a Professional Labour & Employment and service matter lawyer from the panel of Vidhikarya to protect your interest quickly.

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Rajender Prasad

Responded 5 years ago

A.under section 27 of Indian Contract Act bonding is not valid. For details,pl.contact some advocate through vidhikarya.com

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ROBERT D ROZARIO

Responded 5 years ago

A.employment bond not valid.

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Rameshwar Dadhe

Responded 5 years ago

A.By advocate Rameshwor dadhe dear sir/mam yes because it is agreement between both parties it is valid.

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Dr Vedula Gopinath

Responded 5 years ago

A.EMPLOYMENT BODS NOT VALID.

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