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Advice (engineer)     30 March 2010

Minimum stamp paper value for training bond

Dear friends,

 

I have to prepare a training bond for one of our employees who is travelling abroad.

 

Please advice me, what value of stamp paper I need to buy for the amout of Rs. 30,00,000/-.

 

Thanking you

   

 

 advice



Learning

 4 Replies

Vinod kashyap (Advocate & Legal advisor)     31 March 2010

You shall execute training bond on Rs.100/- stamp paper.

1 Like

Advice (engineer)     31 March 2010

Thank you for your information,

 

One of our Old HR has done with Rs. 50/- stamp paper is it valid if the employees break the contract?

 

I want to know few information regarding training cost consideration.

 

What are all cost I can claim if the employee break the training bond.

 

Looking for your valuable advice

Vinod kashyap (Advocate & Legal advisor)     01 April 2010

all axpences related to training but does not include salary & allownces which is part of wages.  you can recover cost of training but strict proof of expences required.

1 Like

Advice (engineer)     01 April 2010

 

Dear sir,

 

Thank you for your input

 

I have breakdown the expenses

 

Flight ticket and visa                                                         -   1,00,000/-

 

Boarding & lodging, travelling and incidental expenses            – 12,00,000/-  

 

Special allowances paid in abroad during the training             -  14,00,000/-

           

Medical insurance abroad                                                 -   3,00,000/-

                                                                        ---------------------------

Sum : Rs.                 30,00,000 /-

 

 

If employee break the training bond, i can recover above expenses legally?


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