Legal Question in Employment Law in India
I am Rohit from Pune (India). Currently I am working for Pvt company in Pune . I have question regarding Bond service. My current company is asking for Bond of 5 years(Bond will be to side i.e. If i left company within 5 years I have to pay current CTC salary to company and if I stay for 5 years then company will pay CTC to me in two slots i.e. after 3 years 30% and after 5 remaining 70 %) So my question is this Is Bond is legal in India in this situation? And if break Bond within 5 years will i have to pay CTC to company? Please guide me in this situation.
Asked on 6/09/18, 2:48 am
1 Answer from Attorneys
Sanjay. K. Dixit, Advocate.
Sanjay K Dixit, Advocate @ Karnataka Bar Council Enrolement No: "KAR/898/2007"
Dear Sir/Madam,
File a compliant at the jurisdictional Industrial Tribunal.
Kind Regards,
Sanjay K. Dixit,
Advocate.
Answered on 7/08/18, 4:43 am
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