I am Rohit from Pune (India). Currently I am working for Pvt company in Pune . I have question regarding Bond service. My current company is asking for Bond of 5 years(Bond will be to side i.e. If i left company within 5 years I have to pay current CTC salary to company and if I stay for 5 years then company will pay CTC to me in two slots i.e. after 3 years 30% and after 5 remaining 70 %) So my question is this Is Bond is legal in India in this situation? And if break Bond within 5 years will i have to pay CTC to company? Please guide me in this situation.
1 Answer from Attorneys
File a compliant at the jurisdictional Industrial Tribunal.
Sanjay K. Dixit,
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