Legal Question in Workers Comp in India

I have 10months of experience as a software developer in a company after that i joined to one company, i got linux software developer position, after that they paid 5000 rupees as a salary, after that means now they are asking for bond for 2years. without incrementing the salary, and bond breakage amount is 1lakh.

So What i want to know here is

1) What is the minimum salary for an employee to make a bond

2) If i break the bond what happens ?

3) pls suggest me one solution for these.....

actually we 3 friends are in same situation


Asked on 7/13/13, 3:39 am

1 Answer from Attorneys
AllFine Lexis Allfine Lexis law firm

Hello,

There is no minimum salary to make a bond.

Bond is not a legal one. It does not hold good in law. Unless if you are given a special training at the company's cost. Company is at loss if you leave the job.

Your employer cannot hold the bond against you.

Best solution is to not to sign a bond.

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Answered on 7/13/13, 10:42 am


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