Employment bond

Kishan (Querist) 15 April 2014 This query is : Resolved
Dear Sir,

My employer is asking to sign a bond for 18 months. They have offered be a post of Assistant Manager in Accounts. I have total 8 year of experience. They are telling that bond is for hiring expense and other administrative expenditure done on joining process. They are asking 2 post dated cheque worth rs. 70000/- with bond. I am just worried about that i there were some problem caused and circumstances arise and i have to leave before that period then what can be happen?? some of friends has advised that employee bond is not legal. and we can make stop payment of cheques. Even job consultant has told me that i not need to worried about it.

Please guide me on this situation. What i should do??

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Kumar Doab (Expert) 15 April 2014
Don't Join.

Look for another employment with an employer that doesn't impose such harsh conditions.

It shall be better to without job than to be in employment on such terms.

Rest is up to you.

Devajyoti Barman (Expert) 15 April 2014
You can give such PDC.
IN view if very recent supreme court decision such PDC can not attract cheque bouncing case.

Rajendra K Goyal (Expert) 16 April 2014
Better look for some other job. The employer seems to be putting very hard conditions.

Guest (Expert) 16 April 2014
Forget about the bonded post. Try your luck somewhere else, else you can be in trouble at some later date due to bond conditions and post dated cheques.

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