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
1 Answer from Attorneys
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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