I have quit the job in a year. However TCS has a bond signed for 2 years. Should I pay 50000 INR for this? I need any legal reply. Will there be any legal issue in this aspect. Thanks.
From India
From India
Please click on the links in the sidebar at the right. It’s possible that your query has been answered before.
From United Kingdom
1624From United Kingdom
Similar thread has been started and similar queries have been raised. Should have searched different threads.
Anyway to answer your question, bonded labour is not legal in india - BONDED LABOR.
service agreement are very much valid as when you are recruited for providing service, they would be providing you some training and they would charge you the cost of training they are to or already have paid in order to train you. Apart from that there are other costs involved while recruiting i.e. opportunity cost etc. However, breaking a service bond is synonymous to paying the bond breakage charge.
You need not proceed legally having known the company that you've mentioned (actually which isn't allowed) you can always talk to the HR and negotiate or ask the consequencies of bond breakage.
Hope it helped.
From India, Mumbai
Anyway to answer your question, bonded labour is not legal in india - BONDED LABOR.
service agreement are very much valid as when you are recruited for providing service, they would be providing you some training and they would charge you the cost of training they are to or already have paid in order to train you. Apart from that there are other costs involved while recruiting i.e. opportunity cost etc. However, breaking a service bond is synonymous to paying the bond breakage charge.
You need not proceed legally having known the company that you've mentioned (actually which isn't allowed) you can always talk to the HR and negotiate or ask the consequencies of bond breakage.
Hope it helped.
From India, Mumbai
Dear Lav,
The same topic is discussed at length in the thread below. You will find out various aspects of service bond in this thread. You will surely benefited from it to make the right decision. Still after that you have any query, i will be more than happy to answer your query upto your satisfaction.
From India, New Delhi
The same topic is discussed at length in the thread below. You will find out various aspects of service bond in this thread. You will surely benefited from it to make the right decision. Still after that you have any query, i will be more than happy to answer your query upto your satisfaction.
From India, New Delhi
Soory forgot to post the link. Here it is.
https://www.citehr.com/423676-legali...anisation.html
From India, New Delhi
https://www.citehr.com/423676-legali...anisation.html
From India, New Delhi
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