Legal questions on Business Law

I want to leave a company as i am switching job

Should you choose to leave the company before the completion of the bond period, you will be required to reimburse the joining bonus of 10,000 INR and an additional penalty of 1,00,000 INR. The penalty is in place to ensure commitment to the agreed-upon tenure and to protect the company's investments in your training and integration into our team. Either party may terminate the appointm...

Company is not paid salary and PF, can I break the bond aggreement?

My fiance has been employed at a startup company in Bangalore for the past 2 years. When she joined, the company required her to sign a 3.6-year bond agreement and provided her with a 10-lakh rupee undated cheque as a security deposit for the bond. The agreement stated that during the initial 6-month training period, she would receive a 15,000 rupee monthly salary. After that, her salary was...

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Possibility to trade with other people's money.

Hello there đŸ–đŸ» My name is Sumit, and I am a 22-year-old boy situated in the heart of India's capital city, New Delhi. From the beginning of my career, I have been passionate about doing business. I've explored many industries, such as networking business, affiliate marketing and sales but couldn't find a way to make a living out of any of these. But behind everything, there was something I w...

Can a company force me to do a buy out if it is not mentioned in the offer letter?

I have resigned. As per offer letter, I have to serve notice 90 day notice period, but I am planning to only do 30 days notice. Company is telling me I have to do work for 45 days without salary and this will be considered as buyout. When I asked employer why this is not mentioned in offer letter, he said they usually don't include this in the offer letter. Is there anything else that I should ...

One director cheated on the second director

In a private limited (service sector) ,2 directors with equal shareholding, one director cheated the other director and shut her access & took over the business. Changed the name of the business & taking business money in his personal account. Both were engaged too & the female director invested more than the male director. The female director was harassed mentally way too much and taking ab...

Payment Transferred But goods are not received .

We have ordered printing materials from our company to Supplier in 2023. Initially we asked quotations and against proforma through mail we paid advance . They made the product sent mail with new proforma of the finished goods . We requested Tax bills to make the further payment and we refused to pay against proforma . But they refused and adviced to pay against proforma . In 2024 again the sup...

Breach of contract as an intern (unpaid)

I work at a firm that has an overly rigid contract. Auor Studios expects its interns to give a 2 month notice period. It mentions a duration for a lock in period but also a notice period. Which are contradictory. It mentions that if an employee is absent for 3+ work days their contract will be terminated. And if the employee leaves without telling while having very integral information about th...

One director cheated the other director in a pvt ltd disregarding every right- legal,moral & ethical

Me and my ex fiancé has a private limited dealing in service sector , with 50% shareholding each , both are directors. Since the start of the business, the male partner was not at all active in business operations and management. After 2020, the female partner was told to take over the business and all its operations as by the male partner before the lockdown the company was in huge debts eve...

Can I hire sales callers under individual contract without company registration?

Hello, I am a freelance content writer who recently moved towards marketing as AI has affected the content writing industry severely with a lack of projects. I have learned marketing and connected with people that can work with me on a freelance basis. Each of us has skills in different segments of marketing such as social media, website, AI art and more. However, none of our team has sales k...

My appointment letter states that my notice period is 30 days but company asking for 90 days.

My appointment letter states that my notice period is 30 days but my company is imposing 90 days by stating some internal policy I was never aware of. What should I do? "Upon confirmation of your service with the Company, you may resign the services of your employment with the Company any time during regular employment by giving not less than 30 days written notice or pay 30 days Notice pay ...

Agreement and refund

I enroll myself in company that give work from home opportunity. There were asking me from money as a service charge, banking charge, agreement charge, couriers charges etc..they never told total money once they always asking money divided from first they ask for service charge than they ask for agreement charge and so on. And about Agreement I never sign that agreement and when I asked them fo...

Building a Platform to Empower Local Businesses in India

Dear Sir / Madam, My name is Ar. Dushyant Kedia, and I'm reaching out today with a genuine passion to support small retailers and service providers in India. I'm interested in starting a unique service-based Network Marketing company focused on digital products. Our mission is to empower local businesses by increasing customer foot traffic through targeted mobile advertising. We believ...

Served resignation letter within probation period

Hello, I have recently joined a co. with 6 month of probation period and 3 months notice period which can be partially or wholly be taken off by the company. At the moment within 2 week of my employment I felt I was unfit and hence I resigned. I don't have any project, or any work to be done. I have served a resignation letter on March 15, 2024 asking to be relieved on 1st April, 2024...

My brother in law is cheating on me

We have a business of cng gas fitting in which my had put his whole n soul in it suddenly on 31/8/2022 my husband passed away due to cardiac arrest n before his death he had written that th business is 50% share of mine n I have 3 children n no bread earner in my house after my husbands passing my brother in law couldn't handle th business so he put them in rent frm which I was getting monthly ...

Not serving notice period due to fear of future side effects

Hello sir / ma'am, I'm a 2023 passed out guy. I working in Formulation development department in startup pharma company from jun 2023. I got continuous heavy fever for almost 20 days with no proper reason in December to jan. After that, some colleagues told that it may be due to side effects of the drug (medical term of medicine ingredient- API) which I handed from june (from company joining)...

Freezing of bank account by single director

We have a company in which I have 67 percent share and other director has 37 percent share .Initially there were three directors but when one has left the company this other director has taken some of his share without his and mine consent ,as all has been done by him single handed.This director has 15 percent share initially. Now when I came to know that he has not filled the returns of ROC an...

Advance Paid but Machines are not yet received

I am director of a Pvt Ltd company registered in Delhi and plant setup in Jharkhand, my company has requested some machinery from Ludhiana again a Pvt Ltd company in May 2023, advance payment has been done to the company as agreed. After several follow-ups and reminders somehow we receive few of machineries in Aug 2023 though we still left with one of machine and advance for same was pending wi...

Foco model franchise

I had call the company who was cleaning that they provide for model franchise in where you just have to invest and daily expenses rent and salary staff will be paid by the company on the behave with the company so my question is like if I pay them the investment amount which is 3 lakh to 4 lakh and GST Plus so if they take my money and the business is not working properly as I accepted then wha...

Inquiry Regarding Procurement Agreement Legal Services

Dear Sir/Madam I hope this email finds you well. I am reaching out to inquire about your legal services in regards to a procurement agreement. I am currently in need of legal assistance to draft a procurement agreement for my company, Bedfordshire Biotech Limited. We are in the process of finalizing a procurement deal with a supplier and want to ensure that all legal aspects are properly ...