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Mayank Joshi   08 April 2016

Regarding company bonds

My cousin has resigned from a company but to actually get a relieve she has to provide a INR 2 lacs. That is written in the company's terms & conditions document and my cousin had signed it when she joined. Is it legally correct to ask for signing such a bond? Shall she go ahead and pay the amount or should she take some legal advise?


 1 Replies

Sandeep Hegde(89 717 84 550) (Advocate)     08 April 2016

Do not pay the said money. It's advisable to take legal advice on the said agreement. Such bonds are termed illegal in many cases.

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