Service Agreement With Company For 2 Years Of 2 Lakh Rupees | Vkeel - Free Legal Advice

***u

Patna

I have joined a company 4 months ago and now I am in the training period. This company has a service agreement of 2 years for 2 lakhs. The service bond papers are still not submitted to the company, but they had taken 4 undated cheques of 50K each with my signature (cheque of salary account opened by the company). My question is: 1) What will happen if I resign the company now. Will there be any legal action taken against me. Bond papers are still with me. What will happen if the cheque is bounced since the amount in the salary account is very low? 2) If I take medical leave and terminated from the company based on absent reason, can they use the cheque given by me to take any legal action.

Expert's Answers(3)

Advocate Abhimanyu Gurawalia
Patli Hajipur, Haryana

60 Client Ratings

till your cheque are with company they can missuse them

September 22, 2020
Advocate J L Naagar
Jalandhar, Punjab

169 Client Ratings

At this stage nothing can be said abut the intentions of the management of the company. It all depends upon the policy and working of the Company. Consequences for the Cheque bounce may be serious if they have any such policy towards their employees/ex-employees. Please give me Rank Five and follow me after reviewing my resume and book a consultation for further discussion and explanation if required.

September 21, 2020
Advocate Suneel Moudgil
Panipat, Haryana

40 Client Ratings

1. the company can initiate the legal proceedings against you if you leave the company before the probation/training period. 2. though you are in possession of the bond document but they can present the cheques and file a NI act case against you, 3. you can, to safeguard yourself, send a mail to the company to return the blank cheque, which will prove the facts that the company is in illegal possession of the blank cheques as a security which may help you in cheque bounce case,

September 21, 2020