Friday 25 May 2012

FAQ's on service agreement


FAQ's on service agreement

1.Should I notarized service agreement ?
Ans: Should not be notraized. Because you will be giving the service agreement on the date which is your date of joining.. it means you have made the agreement on that date.. and if u get it notarised even a day earlier.. the notary’s sign with date causes discrepency.

2.Is it a problem if i already notarised service agreement?
Ans: a notary is a means of authenticating your signature. It is a way of telling that this signature is correct and is signed before me. So notary is a seal of trust..hence even if you get it notarised, on the general basis of evaluation TCS considers it as a mark of autheticated signature and still accept your service agreement.

3.Can we fill up the all the blanks given in SA by pen?? or hav to type it??
Ans: Use black or blue ball point pen to fill the form.. U are not supposed type the blanks given in SA bcoz some ILP centres will  not accept (especially trivandrum)

4.Can i edit the sentences given in SA?
No, u should not edit anything in the service agreement

5.My ILP posting location is chennai, but in the first page of SA,it s given  as mumbai.. do i need to change??
 No, u should not change the place MUMBAI given in the first page ,bcoz it is the head office of TCS

6. What is the date of agreement of SA?
The date of the agreement is the date of your joining the Initial Learning Programme (ILP) at your respective location.

7. Is the surety verification form is the part of Service agreement?
 You can carry the Surety verification form separately

8.Do I need to use the stamp paper for my Service Agreement?
Yes, you will need to use a Rs. 100 stamp paper. The first page of the service agreement, provided to you with the joining letter, should be typed on the Rs. 100 stamp paper. You can attach the remaining pages
as it is to the stamp paper. Incase of non availability of Rs.100 stamp papers, trainees can opt
for 2 stamp papers of Rs. 50

9. In whose name should I purchase the stamp paper?
The stamp paper has to be purchased in the name of the trainee.

10.What is the duration of the service agreement period?                                                                  
The duration of the Service Agreement is of two years.

11.How many sureties should sign the agreement?                                                                                     The agreement has to be signed by only one surety

12.Who can be a surety?                                                                                                                            A Surety can either be an individual who is an Income Tax payee/possesses landed property.                     A surety can be any individual including parents & relatives who is known to the trainee.                             A retired employee filing an Income Tax Return & has a pan card can also stand as a surety.

13.What are the Documentary proofs that the surety must submit along with the Service Agreement?          In case the surety is an Income tax payee, then the Original or attested photocopy of LATEST Form 16 (for salaried individuals) else Form 2 D (for self-employed individuals) / IT Returns (acknowledged copy)                                                                                                                                                      In case the surety is not an Income Tax Payee, then submit Original/ attested photocopy of the Surety's Land Deed / Land Passbook along with a recent Valuation certificate of the property (in English only) duly signed and sealed by the competent authority (civil authorities, architect , tehsildar)py of IT Assessment order copy)

14.Do I need to carry the original documents of the surety?                                                                  
 No. Only the attested copies of the surety's verification

15.Is there any age limit for the person giving surety for me?                                                                  
 No as long as the surety conforms to the requirements of being a surety  any person can be a surety.

16.What if I am not able to arrange a Surety?                                                                                        
In case you are not able to arrange for a surety, Submit a Fixed Deposit in the trainee's name, for an amount of Rs. 50,000/- deposited in any of the nationalized banks. The FD should be 'Assigned to Tata Consultancy Services Ltd'. The FD certificate has to be submitted on the day of joining ILP. The FD along with the interest will be returned to the candidate after completion of two years of service with TCS.

17.What if the Valuation Certificate of the Land is not in English?                                                      
The trainee will have to translate the certificate in English and make an affidavit of the English document. However both the documents i.e. the original valuation certificate (non-English) and the affidavit have to be submitted

18.If the surety is an income tax payee and a self employed person, who should do the signature verification of the surety verification form?                                                                                          
 Surety verification can be done by the Bank Manager of the bank where the surety holds an account. Alternatively a copy of the surety's passport may also be attached.

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