LIVE Online Course on NDPS by Riva Pocha and Adv. Taraq Sayed. Starting from 24th May. Register Now!!
The Indian Constitution Courses

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Vinita 123 (it)     23 September 2011

Employment bond

I am a software developer and i joined a firm recently.I have a 1 year experience in software development. The company has told me to sign a bond of 1 and half year which states that they will train me and i cannot leave the company before 1 year 6 months beacause of extensive training. But there is no training provided to me and when i asked that is there any fine  if i leave before 1 year 6 months they say in any circumstances i cannot quit before 1 year 6 months and after 1 year 6 months  i have to give 2 months notice else i will have to pay fine of 60000 again. But is it possible for 1 year and 4 months + 2 months notice which makes 1 year 6 months? When i asked them this they say its 1 year 6 months + 2 months notice. Is is legal to take such a contract when no training is provided? Does the employment bond include the notice period?

 

I have attached a copy of the bond paper but 



Learning

 2 Replies

akash kapoor (*************)     24 September 2011

SEE THE WORDS QUOTED "for a minimum period of 18 months ,&

 

2 month notice period to the Company in case he/she wants to leave

 

the company, in consideration of which, the Company is not charging "

 

THERE IS A "&", THUS IT IS 18 MONTHS + 2 MONTH NOTICE PERIOD.

 

akash kapoor (*************)     24 September 2011

THE AGREEMENT STATES THAT A TRAINING WILL BE IMPARTED BUT IT IS VERY VAUGE AS IT SAYS THAT TRAINING IS TO BE IMPARTED ONLY UPTO THE TIME ONE IS EFFECTIVE.

SEE THIS LINE TOO "

the Employee, as part of the consideration for the training efforts and

costs involved, agreed to sign a bond for not leaving the services of

the Company for a minimum period of 18 months from the date of

his/her joining the services of the Company."

 


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  



Post a Suggestion for LCI Team
Post a Legal Query