Legal questions on Business Law

Invoice for a Memorandum that I did not authorise or ask for

Hello I had held some ESOP shares of my ex-company which was taken over by a MNC which I was forced to sell for the deal to go through. I just had 0.0001% or lesser holdings. As a part of their due diligence process my ex-company asked for lot of snapshots of my income tax portal and other details which I have provided as part of the take over process. After all the process and money remitte...

Cheated by investment company

I was cheated by investment broker/company, how much compensation can I demand from Investment Company? Let me refresh this in detail. I have a purchased a policy through a investment company, after that I have requested for policy cancellation, they took written letter from me for the cancellation, at that time I requested for acknowledgment for cancellation request, but they said acknowled...

Liability of intermediary towards buyer for international metal scrap deal

I am working as an intermediary for the sale & purchase deal of metal scrap. the seller is from poland and the buyer is from india. i have introduce the seller to the buyer. my duty was to be precise giving of offer, getting updates on deal, document exchange etc. i am not signatory authority of any party. the seller and buyer has entered in to sale purchase agreement (spa) in july 2021. i ...

Joining a service company and working for same client

My current company (A) lost a client and they gave business to another company (B). Company B has offered me a job for the same client and same project. Will I have any legal consequences ? Clause in offer letter : You agree and covenant that during the period of your service and for a period of one year after your separation (regardless if this separation is voluntary or involun...

The senior officers of Franchisor company not responding over call emails to resolve ongoing dispute

We had taken a franchisee from big reputed company for exclusive distribution of goods on retail basis in specified vicinity. The company abruptly stopped supply of goods without any pre intimation, saying that your outstanding is high, please clear the dues to resume your supply. We connected with our ABMs for the same and stated that our outstanding is not HIgh & very well in normal credit li...

Google कंपनी विज्ञापन घोटाला धोखाधड़ी चेतावनी

मैं आपकी सरकार से पूछना चाहता हूं कि दुनिया में कई बड़ी कंपनियां काम कर रही हैं। अगर कोई कंपनी घोटाला करती है और अगर कोई व्यक्ति उस घोटाले का पर्दाफाश करता है तो उस व्यक्ति को क्या फायदा क्योंकि अगर वह किसी की कंपनी का घोटाला उजागर करता है तो उसकी जान भी खतरे में है। दुनिया का सबसे बड़ा घोटाला और धोखाधड़ी दुनिया की सबसे बड़ी कंपनी गूगल कर रही है। विज्ञापन के नाम पर Google कंपनी दुनिया की सभी...

How to recover payment from Foreign buyer or Importer

We are India based proprietorship firm, We basically are the exporter who mainly deals or export perishable & no perishable goods (Agro commodity Products) to UAE & other European countries, last year we made a deal with Dubai based Importer of an amount of 8K USD with DA payment terms (payment in 20 working days of Cargo Arrival at Jebel Ali port Dubai, U.A.E, as per PO we agreed upon), but st...

How to recover payment from Foreign buyer or Importer

We are India based proprietorship firm, We basically are the exporter who mainly deals or export perishable & no perishable goods (Agro commodity Products) to UAE & other European countries, last year we made a deal with Dubai based Importer of an amount of 8K USD with DA payment terms (payment in 20 working days of Cargo Arrival at Jebel Ali port Dubai, U.A.E, as per PO we agreed upon), but st...

Redemption of Company FD amount to second holder under E/ S mode

Me and my brother open a fixed deposit with a private company in the year 2000 in either or survivor mode. This company ran into financial trouble and could not pay the due amount. Under the direction of Honorable High Court in the year 2010 the company was directed to issue the shares to the fixed deposit holders in lieu of the fixed deposit amount. The company issued the share certificate wit...

Asking to serve a non-client company

I am working as Manager in a IT service based company. My company (here fater refer as seller) is acquired by another reputed Indian compnay (here after refer as buyer) but the position offered for me in that compnay is very low. Hence I decided to not accept the offer from the buyer compnay. I have not resigned from the sellecr company also. As per the terms of conditions in the offer letter e...

Waiving off of premium on redemption of preference shares by the share holder

Dear Sir, Very good evening. Can you please guide me on the following queries. Question - 1: Can the Company A waive off the premium on redemption of preference shares invested in the Company B ? Company A is holding company at the time of the investment made in the year May 2014. Since last 2 years, Company A is not the holding company of Company B. Company B is a loss making entity and...

Cheated by my former business partners

Hi, I am from Burdwan. During the end of 2017, I came in close contact with one of my friend and discussed with him about my future. He then advised me to start a new business and also shared his own plan of starting a restaurant. Inspired by his idea, I decided to join him and he agreed to take me along with his wife and start that restaurant. I borrowed 65,000 Rupees from my other friends an...

I want to sell public database by making website

Hello I am planning to make a website on which i am going to sell database of people around india in excel sheet including their phone no. , Adress , age , name etc So i am little bit confused that selling these type of data is illegal or legal i have listen somewhere that it is illegal But on other hand many websites are selling these type of data file openly on there website anyone can pur...

Dissolve partnership

Hi, i and my friend has started the salon business without agreement. We both work in salon in hair and beauty. In four months our business was not in good position . It was in loss , sometime no profit no loss. After 5 months my partner was not able to pay the loss and she askd me to dissolve the partnership . But initially i told her that we will atleast run the business for 1 year ,if we get...

Legal action on job employment and resignation

Hi, I joined a company on 27th April 2021. Due to some medical emergency of family I have to take leave and travel to my native. I informed the same to my reporting HR on 5th May 2021. After knowing the medical situation of my family I decided to discontinue my services same I communicated to the reporting HR on 9th May 2021 and submitted my resignation mail. After 20 days I got a email sayi...

Exporter - fema - rbi

We are a start-up offering technology/software services, do I need to be registered and recognized as an Exporter under Foreign Trade Policy? What if, we have been conducting our business so far without having to register our company as an exporter in India? Are there any legal implications? we offer software support services to overseas buyers/clients who then transfer our fees/charges/payment...

Changes in notice period, annual leave and appraisal with a lock period

I'm working in an IT company. Our management changes the company policies last month. I have not acknowledge the mail yet. They reduced my annual paid leaves and changed my notice period from 60-90 days to 90 days. Also in my appraisal letter they have mentioned that the appraisal is applicable from 1st May but I have to serve locking period of 6 months from 15 June excluding notice period....

Serving notice period

I have given my resignation on 27 May 2021 and it was accepted on 2 June 2021 , I was working till 8 June 2021 , yet I was continuously asked by the team members to report to office inspite of the metro not working and unavailability of the personal vehicle , yet we were made compulsory signed that we had to serve 3 months notice period . But due to ongoing situation of Covid I was not able to ...

Funds taken by PayPal

Hi, I opened an Individual Business account in PayPal as a Freelancer in October, 2020. I had been providing Digital Marketing services (YouTube Video Promotion) to my international clients. All the transactions happened till 23rd November, 2020 was without any issues. As per the policy, PayPal charged for every transaction for the receipt from clients. I had provided services without a sing...

Cancellation of business partnership

We (2 Parties) started a business with mutual understanding for the distribution of FMCG item as a C&F, we started business in March-21 with an initial investment, we didn't make any agreement and also the firm name also not registered, as 2nd party committed that in April he will complete the registration & other things. I was supposed to go abroad for three months & I went. The second party w...