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Activity:
Question posted: 02 09 2012 18:45:51 +0000,
0 answers, 267 views, last activity
02 09 2012 18:49:05 +0000
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Dear all,
I have joined one of the leading company on Aug 2010. Before
joining, i had to sign a service bond, on the non-judicial stamp paper
of 100 rs. I had undergone through the training provided by them. The
bond to provide them service is for 5 years. It is mentioned in the bond
that, if howsoever, in any circumstance, i leave the organisation
before the completion of bond period, i will have to pay an amount of 5
lakhs Rs. I have been given very less salary competitive to other
companies. Now, after 1 year training in the company, i felt that there is no
future in the current company with respect to career and money, as still i am not permanent in this company, so now I think that I need to start study again and i want to complete masters degree and i do not want to do the job again as i just want to continue my study.
My concern is, can i break the bond in this circumstances? if yes, what
could be the implications of this? Would this bond be legal, as they
have given me training for 1 year 6 months? is there any other way to leave the
current company? Please help me, i am getting too frustrated here.
Also, if i break the bond, is there any possibility that they put me in
abscoded list?
Dear all,
I have joined one of the leading company on Aug 2010. Before joining, i had to sign a service bond, on the non-judicial stamp paper of 100 rs. I had undergone through the training provided by them. The bond to provide them service is for 5 years. It is mentioned in the bond that, if howsoever, in any circumstance, i leave the organisation before the completion of bond period, i will have to pay an amount of 5 lakhs Rs. I have been given very less salary competitive to other companies. Now, after 1 year training in the company, i felt that there is no future in the current company with respect to career and money, as still i am not permanent in this company, so now I think that I need to start study again and i want to complete masters degree and i do not want to do the job again as i just want to continue my study.
My concern is, can i break the bond in this circumstances? if yes, what could be the implications of this? Would this bond be legal, as they have given me training for 1 year 6 months? is there any other way to leave the current company? Please help me, i am getting too frustrated here.
Also, if i break the bond, is there any possibility that they put me in abscoded list?
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