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:

  1. I will join company after one month.
  2. I have to serve my service to company for at least one year after joining company.
  3. 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.
  4. 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.

closed as off-topic by Pat W., Flup, Dale M, jimsug Oct 15 '15 at 3:39

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