Legal Question in Employment Law in India

I am employee of a company and I've signed an indemnity bond with the company.The bond consists of 2 pages, first one is Rs 100 printed stamp with red color. Stamp paper on which there is name of the company and description of bond policy and the second one is normal paper on which there are terms and conditions with name & signature of employee. I've signed 2nd page.There is no notary stamp anywhere in the bond. Is this kind of bond valid or is it considered void? Also while joining the company there were few things that were either falsely told to me or not at all told to me. I am willing to resign the company before the bond period is over. When I joined the company, I was given 3 months of notice and after that I am eligible to get experience & relieving letter. Also, the penalty defined on the bond for breaching(leaving before end of 3 months notice period) it is Gross salary of 6 months .But there were no extra time & amount spent on me for training. Please advice what can be done? & What consequences happen if i breach the bond and how can i safeguard myself from it?

Asked on 8/11/17, 1:15 pm

Vishwa Arya Arya & Co.

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it is very important to go through the bond before any opinion could be formed

Answered on 8/12/17, 3:40 am

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