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Employee Contract Laws

mehta.devangi - Member Since: Jul 2010
Subject - Employee Contract Laws
Hi,

I have a few questions regarding the Contracts / Bonds that private IT companies make their employees sign:

-> Can the company keep original marksheets / documents as security for those bonds.
-> Is there any law regarding the term of the notice period.
-> Is the contract applicable only to the employee or employer too - For example: If a company makes an employee sign a bond of Rs. 1,00,000 for a period of 2 years with a notice period of 3 months, can the company fire the employee without the notice period and compensation

Thanks & Regards,
Devangi


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