I am selected in one of the software companies, when i reached there to collect my offer letter, they told me to sign a bond on stamp paper(20 Rs).
The bond conditions are:
- I will join company after one month.
- I have to serve my service to company for at least one year after joining company.
- If i am not able to serve service for one year and leave company before that i have to pay 1 lakh rupees to company.
- I have to submit post dated check on 1 lakh rupees to company when i will join the company.
But now i have selected in another company with good offer, so i not want to join this company, So i told HR, but they are saying that they had started my joining process has i informed very late and said you had signed bond with us of 1 year, so you have to join our company.
So my concern is what possible legal action they can take against me or they cannot take any legal action on it.