Legal questions on Business Law

How to stop the functioning & take out my capital from Private Limited Company.

We have 2 Private Limited Company both with same 2 share holders with 50:50 split and also both are Directors in both the company as well, My partner / other director is not doing any other work for past 2 years... I’m the only one that's bringing business & looking after entire operations, he only comes 1 hour in a week to sign cheques / he is doing a parallel business where he is involved ......

Dispute

Four of us got into a partnership 2 years back. Ever since it’s we started it’s been a bumpy ride. The other working partner stopped working a year ago and stopped showing up at work. We tried to sell the restaurant to someone, but the partners just don’t co-operate. I finally convinced them to sell the brand to someone, but they took their own sweet time to sign the affidavit required to trans...

Can I get experience?

Sir I am a teacher by proffession ,last yr after my completion of studies and pg and 2 yr diploma in teacher training ,I had joined a private school affliated to cbse in Delhi as assistant Teacher from 1 April,there I signed contract of 1yr in July and it's time period was from 23 may 2019 to 31 March 2020 but on 29 Feb 2020 without any strong reason they had given me a one month prior notice t...

Payment due

I run a small business ( advertising agency )in Bangalore ,most the my clients are real estate firm .I have multiple cases where my payment is due from. Very long time Case no 1 - an agency for whom we have worked and payment due is Rs 1 lakh when we said we will take legal action he repeatedly provokes us hey take legal action because he thinks with legal action i will be spending more than ...

Set up Ayurvedic cosmetics handmade business

Planning to start a business that sells handmade Ayurvedic oils and powders for skin care and hair care. This will be based out of Kerala and one of the founders is an Ayurvedic doctor BAMS, MD. We don’t have the financial backing to set up a manufacturing unit. We don’t plan to scale it either. The idea is to cater to small volumes and sell online. We will make the oils and powders at home thr...

Breach of Agreement

Hi Sir, I have received legal notice via my email two days before. My question was, how i know i received original advocate legal notice or it is fake. Please clarify. If I'm not replied that email, what will happen? The legal notice states "1. That my above-named client is doing business of Business Outsourcing Service (BPO) in the name and style of M/s. INFRA DATA TECHNOLOGY, at hi...

Cancellation of Unregistered Partnership Deed.

Hello, I have entered into an agreement to start a business for 50/50 partnership with a proposed capital of 3,00,000.00 RS(1,50,000.00RS each) and me and the second party drafted a partnership deed on a 300 RS(Three 100rs) non-judicial stamp paper on May/2019. But we haven't yet started the firm or register the firm and get a Current bank account. We were both expecting to raise some funds fr...

Regarding the deed of unregistered partnership firm

This is an interesting situation regarding an 'unregistered' partnership firm operating in Maharashtra 1) The unregistered partnership firm has 5 partners 2) with mutual consent the firm got dissolved in 2007. However, the dissolution process has not been completed. The firm partially used the dissolution at sales tax department. The PAN card of the firm is still active in 2020 3) One partne...

Harassment by bajaj finance collection agents

Since I am at a loss of employment, this month I got late to make my RBL-BFL cc minimum payment. Currently I have landed with a job but my salary will come on the end of month. I have communicated the same with Bajaj FInserv, yet i receive almost 20 calls from their collection agent everyday. They get in touch with me on whatsapp. When I told them that it is past 7PM you cannot get in touch wit...

Liability of me as a Guarantor and as a Legal Heir

Sir, my Father started a company 5 years back. I had give him some unsecured loan to start with. I am not a Director in his company. My Father has other 2 partners (Directors) too. In order to recover those 20 lakhs, I was asked to become a guarantor and commit a flat that I own worth 1 Cr for a loan of 90 lakh from bank. Later when I insisted that I have lot of emotional value for that flat, t...