Legal Question in Employment Law in India
service bond in PSU decreases with lapse of time or not? If yes, where it is mentioned?
Asked on 2/12/14, 6:44 am
2 Answers from Attorneys
Fca Prashant Chavan
Expert Edge LLP
12.02.2014
Dear Sir / Madam,
A service or performance bond of any nature insisted upon in any employment in India is deemed to be treated as "bonded labour" and hence is illegal and a criminal offence.
Regards,
Answered on 2/12/14, 7:12 am
It is mentioned in service bond itself or the rule book of PSU.
Answered on 2/15/14, 3:06 am
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