Legal Question in Employment Law in India

Dear Sir/Madam

I had gone for an interview and got selected, the employer has given me a bond which is to be singed by me, main contents of the bond as below

1. We have to serve the Company for a minimum of 3 years from the date of agreement.

2. Security cheque to be handed over the employer.

3. One account of breach of any terms, the employee shall be liable to pay penalty/liquiated damages of Rs. 25,00,000 to the employer.

Kindly advice, if I can join the company, I am worried, if am not able to serve for 3 years, what will be the consequence.

Thanks & Regards


Asked on 5/08/13, 4:32 am

1 Answer from Attorneys
Fca Prashant Chavan Expert Edge LLP

08.05.2013

Dear Sir / Madam,

You should very politely tell the Company that you are willing to work without any Bond. If they agree fine, if they do not, look for another opportunity because this is just not worth the risk and the Company also seems bogus.

Regards,

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Answered on 5/08/13, 4:47 am


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