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Recently I was resigned from one pvt ltd company, in that company i had work 1.2 years and during my service period i had visited abroad (TAIWAN) for training purpose (Not certified training only one type of visit) and regarding this visit i had signed 2 years service bond on 150 Rs. Stamp paper.

But i want to know following points given below

1) I had completed 1 year during bond period, can i eligible for

reduce 50% bond amount?

2) This type of bond is legal or not in India?

3) Labour court can help for this issue?

4) What is the possibility pl suggest as per your guide line.

I have many time try to solve this matter 50% reduce bond amount but they are not agree, my original bond copy is on company custody and they had not given Xerox copy.

Following advance is on m y hand

1)Scan copy of Full and final settlement along with 1 lac deduction

(Deduction shown as a 1 lac misc)

2) My last month salary not deposit in bank account (Bank statement)

Pl suggest your opinion
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Cite.Co is a repository of information created by your industry peers and experienced seniors sharing their experience and insights.
Join Us and help by adding your inputs. Contributions From Other Members Follow Below...
Recently I was resigned from one pvt ltd company, in that company i had work 1.2 years and during my service period i had visited abroad (TAIWAN) for training purpose (Not certified training only one type of visit) and regarding this visit i had signed 2 years service bond on 150 Rs. Stamp paper.

But i want to know following points given below

1) I had completed 1 year during bond period, can i eligible for

reduce 50% bond amount?

2) This type of bond is legal or not in India?

3) Labour court can help for this issue?

4) What is the possibility pl suggest as per your guide line.

I have many time try to solve this matter 50% reduce bond amount but they are not agree, my original bond copy is on company custody and they had not given Xerox copy.

Following advance is on m y hand

1)Scan copy of Full and final settlement along with 1 lac deduction

(Deduction shown as a 1 lac misc)

2) My last month salary not deposit in bank account (Bank statement)

Pl suggest your opinion
Community Prime Sponsors
FactoHR.com - Payroll Software with GPS Enabled Attendance, Travel, Performance Management, HRMS.
Talentedge.com "Interactive Anywhere Learning". Executive courses from top reputed institutes like IIM, XLRI, MICA.
Can you try arranging the bond and email it to me, and than i can suggest you a legal action. Service bonds are contractual in nature, and as such are valid, except if there is certain clauses which can made the agreement void.
The labour laws in India are very loosely built in this area, and is left largely to good lawyering or out-of-court settlement. In both cases a lawyer may be required if the company has initially refused to settle the deal with you.
Can you try arranging the bond and email it to me, and than i can suggest you a legal action. Service bonds are contractual in nature, and as such are valid, except if there is certain clauses which can made the agreement void.
The labour laws in India are very loosely built in this area, and is left largely to good lawyering or out-of-court settlement. In both cases a lawyer may be required if the company has initially refused to settle the deal with you.
I have no bond copy because of when signed bond that time they had committed but now they are not given bond copy because of he know this action take their side is not legal.
But i have full and final copy of settlement along with specify 1 lac Rs. Deduction against misalliance deduction as well as my last moth salary not deposited in my bank a/c.
I have no bond copy because of when signed bond that time they had committed but now they are not given bond copy because of he know this action take their side is not legal.
But i have full and final copy of settlement along with specify 1 lac Rs. Deduction against misalliance deduction as well as my last moth salary not deposited in my bank a/c.
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