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about the company bond

Moury Singh
Greenhorn

Joined: Jul 19, 2012
Posts: 2
I am working in a software company in gurgaon. i had signed a bond of two years at the amount of 90 thousands. Company had taken a cheque of 90 thousand from the fresher employee with the date empty. In this case they are giving very low salery and I have just passed one year and no appraisal till now. Now i want to leave this company. So any body can tell me the way ... how can i break this kind of bond. Could i take any legal action in the labour court against the company for such a stupid kind of policy.
arulk pillai
Author
Ranch Hand

Joined: May 31, 2007
Posts: 3223
You will have to get your contract checked by a legal practitioner.


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harshvardhan ojha
Ranch Hand

Joined: Jul 26, 2007
Posts: 157
    
    1

In all honesty, you have not much to do here, just search for a better and high paying job and ask the recruiters to settle this amount.
Rameshwar Soni
Ranch Hand

Joined: Feb 03, 2011
Posts: 247
@harshvardhan- please do not use any company's name in this forum. Please edit your post and remove the companies name
Moury Singh
Greenhorn

Joined: Jul 19, 2012
Posts: 2
Hi friends .... thanks for your response....
I also want to share some more..
This company did not give me the copy of the bond. Now in this condition can i take help of RTI to get the bond papers. Because without the bond papers I can not take help from any Lawyer.
Can any one tell me about this...........
Is there some thing or place where i can complain against this kind of the things a company does with the fresher employee.
As i come to know in this past one year that this is a one sided bond, and the employee is stuck with these company ......... they do what they want............
Vikram Kohli
Ranch Hand

Joined: Nov 27, 2005
Posts: 174
Check this link

What will you get after getting the copy of the bond. If its signed up by you(in presence of your mind), its total legal contract between you and your company. If you leave the company, you have to pay them the amount mentioned in your employment bond. Hiring a Lawyer in this case will only help one person, Lawyer himself(you will give good fee for that)

Though there is few scope of improvement from this year when Industrial Employment (Standing Orders) Act, 1946 will be applicable for the Indian IT companies.

But Moury, you need to understand your employer perspective also. They have spend a good amount of time/money on you to make you productive. Agree that one should get good working conditions and good starting salary to live in city like Gurgaon. But changing your job just for the sake of increasing your salary for few thousand rupees will not help you in long run. Learn the things in which you work, be an expert in it, be passionate about it. If you haven't find the thing you are passionate about, invest time towards finding it. Money will definitely come down the line.

There are so many experienced people here in JavaRanch who suggest the same thing about finding your passion and improving your skills. I was also among one of those who got the same guidance when I was starting my career(and even getting it today).

So take your call after discussing it with your friends/peers and take into account the long term perspective of your career before moving ahead.


Vikram PracLabs
Maneesh Godbole
Saloon Keeper

Joined: Jul 26, 2007
Posts: 10451
    
    8

If this was my problem, I would instruct my bank (in writing and retaining a copy with myself) to stop payment on the cheque when its presented. I presume you have the number with you. Cheques not being honoured because of stop payment instructions is not illegal. Cheques bouncing due to lack of funds is.
Then I would move on. Let the company worry and spend for legal action. You will be surprised how they react.
As far as my knowledge goes, such bonds are illegal as they are akin to bonded labor. Disclaimer: I am not a lawyer.


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