Unlocking eSignature Legality for Company Bonus Letter in India with airSlate SignNow

How to eSign a document: e-signature legality for Company Bonus Letter in India

I received a letter to pay the bond amount. what to do? Well, I get to see this message for a lot of people and all of them ask me that sir we have to abscond our company because we weren't happy with our company due to which we stopped reporting and after that, we received this letter at our home where it is mentioned that we have to pay a particular amount because the bond period it can be of 1 year, 2 years, or even more isn't served in that particular company, so are we liable to pay this particular amount or not or how can we avoid such situations? So the first thing I would like to mention is that whenever you sign a bond for an employer for any amount you are not liable for that it is your choice whether you want your experience letter then you can pay that amount but if you don't require an experience letter then no one can force you, all the employment bonds present are not valid in India i.e no one can force you to pay that amount and first of all you should have that much of amount to pay but if you don't have that much of amount then how will you pay so this thing should be kept in mind. Apart from that as per the section 27 of the Indian Contract Act 1872 all these things are mentioned that no one can force you to do any service you have the proper right to choose which job you want to do so no one will force you. Apart from that if your choice when you want to leave a particular company so this depends on you whether you want to pay that amount or not for getting the experience letter and if you don't pay that bond amount you won't get the experience letter because you haven't received any clearance due to which you don't get the final statement and in the end, you leave without getting the experience letter. But let's consider that no one can force you to pay that amount but there are some conditions in this, now if your company has invested a lot in you by giving you expensive courses of 1 lakh or 2 lakh and completed your certification and after that you don't join that project of leave the company without informing them then in those conditions, you are somewhat liable to pay the amount because the company has made more investment in you apart from the bond. Apart from that you also have received company assets, for example, the company has provided you a laptop, mouse, charger, monitor etc to work so the company has provided such assets to you and you are required to return those things else strict actions can be taken against you because all that property belongs to the company and you don't have any right on that so whenever you think about absconding whatever assets you have got from the company have to be returned. In the end as I had told you earlier no one can force you to pay the penalty but in the end you will not get the experience letter. Whichever company you are absconding from will never provide you experience letter do keep this thing in mind and if it's a matter of 1 or 2 months then you can think about it but if it's 1 2 3 years then you need to think about it because all these years will be counted in the gap so at that time you need to think once about these things. So I hope this video was helpful for you, with this if you like my videos or my work then don't forget to like and share my videos. So that is it for today we will meet again in next video. Thanks