Money recovery

raghavendra (Querist) 24 May 2012 This query is : Resolved
sir,
the employee violated the employment bond of RS 5lakh , notice period was 3 month or 3 month salary , now company wanted to file suit for recovery

company has taken bond on 100 stamp paper . is this valid stamp duty for 5lakh rupees , if its not what will be the next step to correct this ,

is employment bond valid in law ?

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M.Sheik Mohammed Ali (Expert) 24 May 2012
first you registered that bond or not ?
depend upon the condition of the employee then only bond is valid,

V R SHROFF (Expert) 24 May 2012
bond is valid

raghavendra (Querist) 24 May 2012
bond is not registered one , is this mandatory to register ?

Suhail A.Siddiqui (Expert) 25 May 2012
Since Bond is valid then there is no question of mandatory/ voluntry

Shonee Kapoor (Expert) 31 May 2012
Bond is valid.

Regards,

Shonee Kapoor
harassed.by.498a@gmail.com

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