Legal questions on Business Law

Took Distributorship but terminated before 1 year want money back

A company approached me after lockdown and said they will provide me business. They want to appoint me as their distributor for a particular city. They said if you want the distributorship you need to pay us 10000 rupees. After few conversations i was convinced and i took the distributorship. I paid him 5000 in advance and they sent me the 6 goods costing 10000 and the contract duly signed by t...

Payment of pending salary.

Hi There. Greetings!! I happen to be a senior IT professional from Bangalore heading with a startup as Head - Enterprise analytics ( Band -I ) and served the organization for eight months, with a specialization in computer science as PhD. The said organization could not process my joining formalities due to COVID -19 outbreak in May-2020 and hence despite of working for one and half mo...

Will I have to worry about a notice that my previous sketchy employer served me?

I had been a part of a company in Bengaluru. All my life all I know is teaching on online platform keeping the point in mind to positively contribute on youtube to help provide free education to all. My original agreement was to serve one month notice or surrender salary for it. They just kept making false promises by holding my raise and not working on it. My financial requirements and medi...

Transfer of ownership

I have selled my bike to an dealer in exchange of new bike purchase 2 years earlier. that dealer had provided me only delivery challan on which it is mentioned that the agency is liable for any accident, mishappening from date of purchase till date, i have asked them to sign and stamp a affedavit but they denied and they told me that they had provided delivery challan and stamp and signatures a...

Payment demanded by employer for 'Notice pay recovery' after 1.5 years of resigning

Hello, I am facing issues with one of big MNCs regarding a negative settlement. They are now demanding to pay 19k as they claim my full and final settlement is not over. However even though i provided resignation they never accepted it till the last date as per my notice period. i also extended my last working day to another month hoping they would accept my resignation. Unfortunately they n...

Resigning partner refusing to pay taxes or Supplemental LLP Deed expense

The resigning partner tendered his resignation back in first week of September 2020. He declared his last date to be October 31 2020. The resigning partner had initiated the thread of taking up Startup India registration to be able to avail tax exemption. As the registered address of LLP was also going to change, both aspects (partner's resignation and registered office address updating) are to...

Employment Agreement Breach Notice Reply

Hi All, Below is detailed explanation. Employment agreement issue 1. I received a call from a small IT firm and they asked my willingness to join the company, I said no. 2 Nov 2020 2. The HR insisted me multiple time and I agreed to go with virtual interview call. 3. 2 online video interviews were completed, I cleared the interview. 4. HR called me and asked if I want to joi...

Arbitration case is going on.

With reference to above subject, I am holding Demat account (Client ID-2467511) in M/s Sharekhan Ltd, Bangalore for more than two years. I transferred all my shares from BMA securities Ltd to sharekhan.(Almost worth 70000/-). This became my main stock broker and started trading in equity and futures & options regularly. I Never asked them to reduce brokerage and never complained against any one...

Organisation reduced my notice period from 90 days to 10 days after my resignation with no pay

I worked with Heritage foods limited, Hyderabad. I was working hard and was also appreciated vua mail, letters and certificates for my performance. I was working from home since March'20. November onwards HR sending us mail to again come back to Hyderabad or else each day will be marked absent. Due to pandemic, my family was not ready to send me to Hyderabad all alone again. Hence, I resigned...

एक एकल स्वामित्व फर्म को कैसे स्थानांतरित किया जाए मेरे पास एक एकल स्वामित्व वाली फर्म है जो पिछले

एक एकल स्वामित्व फर्म को कैसे स्थानांतरित किया जाए मेरे पास एक एकल स्वामित्व वाली फर्म है जो पिछले १६ वर्षों से व्यवसाय कर रही है। इसमें जीएसटी नंबर है। फर्म के पास कोई अचल संपत्ति नहीं है और मेरे पैन नंबर के तहत आयकर रिटर्न दाखिल कर रहा है। अब मेरा स्वास्थ्य खराब रहता है इसलिए मैं अपनी फर्म को अन्य व्यक्ति को हस्तांतरित करना चाहता हूं। इस प्रकार, मैं अन्य व्यक्ति को इस फर्म को स्थानांतरित कर...

एक एकल स्वामित्व फर्म को कैसे स्थानांतरित किया जाए मेरे पास एक एकल स्वामित्व वाली फर्म है जो पिछले

एक एकल स्वामित्व फर्म को कैसे स्थानांतरित किया जाए मेरे पास एक एकल स्वामित्व वाली फर्म है जो पिछले १६ वर्षों से व्यवसाय कर रही है। इसमें जीएसटी नंबर है। फर्म के पास कोई अचल संपत्ति नहीं है और मेरे पैन नंबर के तहत आयकर रिटर्न दाखिल कर रहा है। अब मेरा स्वास्थ्य खराब रहता है इसलिए मैं अपनी फर्म को अन्य व्यक्ति को हस्तांतरित करना चाहता हूं। इस प्रकार, मैं अन्य व्यक्ति को इस फर्म को स्थानांतरित कर...

Director is working against the company

A director ( Mr. X) who is also the shareholder of 44% in my company , while I am ( Mr. Y) also the director and holding 55% share of company and operating the company with another Director ( Mr. Z) having NIL share. Mr. X is creating the hurdle and false complain submitted to BANK and made the request to close the all advance facility of company , therefore bank had reduced the advance fac...

Regarding irregularities of the Management

Respected Sir, I am T Nagaraju from Rayagada District, Odisha want to write few lines that, few days ago (last month) all the manager's of the L and T Finance branch unitedly has made false allegations on me to operational management of the said comapany. And also without any telephonic/written intimation to me they were removed all the Whatsap groups and blocked official gmail and other login...

Family business share issue with brothers and father

Hi, I have a family clothing business which constitute a 5Cr 3 storey showroom( built on the ancestral property given to my dad and an uncle by my grandmother), plus the clothing assets/material worth 2-3Cr in showroom. My uncle gave away his share to my father in a verbal agreeement or probably through a deed as my father helped him purchase another showroom in 1990( I think he still has name ...

Paper plate business loss by family relative

Hi, One of my family relative approached me for starting a business. But not planned which business to start with. I told I can only do investment and not take responsibility of the business. It will be your responsibility to run business and share profit with me. Please note no bond or contract was made. It was all oral communication since he was a family member. Then he and his friend decide...

Directors dispute

Hello, I asked a friend if he would be interested in doing a business for one of the idea I had and started a private limited with both of us as equal directors. I started the work from getting the documentation for company registration, name, logo, forming team, planning strategy and etc. When it came to designation only he wanted to be the CEO as he promised to invest. In mean time I got ...

Claim and reimbursement issue with company as channel partner

Dear sir We are doing corporate services as per company guideline. We were associated with BTI Payments Ltd in their division INDIA ONE ATM on service channel partner contract for five years. This agreement implemented from September 2015 on ward for five years. But they have paid us till july 2016 and stop our payment further without any confirmation and mail us that they appointed some one e...

Bank charged higher rate of inrest

We are having CC Account with south indian bank availing 3 crores CCOL limit. we are a long standing customer of branch since 2013. Our Account has been classified as Non Performing Asset (NPA) on [deleted]. we were unable to pay the interest for the period November 2018 to December 2019 in time, because of unfavorable market conditions and distressful economic conditions. Earlier we have p...

Gift deed vs. sale deed

I got details of your website through Google search. I am trying to seek advice as I am a non-resident Indian. I am a minor partner (5%) in a partnership firm in Mumbai. Since I no longer reside in India, it is my desire to dispose of my share within the partner who is also my elder sister.  The Article of Partnership has a " Sale Clause " under which I can sell my share to another partner. A...

Issue regarding IP

Hi, I was working in a company till June last year, Yesterday there was some security breach where client's IP was available online. I didn't know who did it but i received a call from HR to sign an undertaking where it mentioned that i haven't done it. shall i go ahead and sign the undertaking. i am pasting the content below. I am giving this undertaking of my own personal knowledge, and...