What consequences can i face if i break company indemnity bond?

I am presently working in noida, at the time of joining the company made it mandatory to sign indemnity bond of 2 lac for 2 yrs. I have completed 1 year till date and now i am getting a new and better offer. My doubt is that should i go for the offer? What consequences can i face? There was no money spent on my training. I am also having issues with the management of the company as the salary is not paid on time. Please advice what consequences can i face and how can i safeguard myself from it?

Answers (1)

415 votes

No employer can bond any employee by any bond,the legal system of India clearly abolished bonded labor system long back,and under no circumstance no person can bound other by any contract to waive of his legal rights guaranteed under the constitution of India,Article 19 guarantees the right to work and this right neither can be waived of by the employee on his own will nor the employer can force any contract in contradiction to above mentioned article 

However employer can bond his employee for payment of any expenses incurred by the employer as part of training provided to employee, but this training should be provided to an employee by the employer for any other purpose than increasing his productivity in the organisation as an employee

So we suggest you to resign on the ground that salary is not paid on time and thereafter wait for companies response.
If your company ask you to pay the bond amount, then you are required to pay the said amount only if your received the training.
Otherwise, we suggest you to send a legal notice through a lawyer thereby demanding your salary and for closure on F&f

Googling your legal issue online?

The internet is not a lawyer and neither are you.
Talk to a real lawyer about your legal issue.

Popular Labour & Service Lawyers

Advocate Sunil Kumar Bakshi
Sector-16, Faridabad
34 years Experience
Advocate Wg Cdr Ajit Kakkar (Retd)
Dwarka, Delhi
21 years Experience
Advocate J. P. Rinwa
Swej Farm, Sodala, Jaipur
20 years Experience
Advocate Bala Janaki
330 Thambuchetty Street, Chennai
36 years Experience

Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at LawRato.com and has been responded by one of the Labour & Service Lawyers at LawRato.com to address the specific facts and details. You may post your specific query based on your facts and details to get a response from one of the Lawyers at LawRato.com or contact a Lawyer of your choice to address your query in detail.

Related Questions

"LawRato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."

Related Articles