Legal questions on Business Law

How long is this non compete clause valid?

I have recently joined this company and I have a non compete clause in there, the point no. 2 is very confusing to me as I can't understand how long it is valid. It goes like, Non-Compete: You shall not: • Set up your independent, affiliated or associate practice in the Valuation Profession for a period of 6 months after you leave this organization; • Perform auditing and/accounting ...

Employee Non-Compete Agreement

Hello Experts, I'm working as a subcontractor through a payroll registered in Pune, India (company A) and Opsvision (Company B in US) to their Client (Company C in US). I have been working a Technical support Engineer role directly reporting/working with Company C. The payroll company A and company B is just acting as a middleman to connect to Company C. Hence, Company A and myself signed a ...

Company asking me to return their laptop which wasn't even delivered to me.

I joined an MNC whose office is in Pune. They dispatched me a laptop in September 2022. Although I was aware of this, but my phone number was out of service during the delivery time. Now, due to reasons like my own health and my father's accident I wasn't able to join the company as a full time employee. I did 2 days training and then stopped attending. I thought that since I am probation they ...

Business partner / Investor asking for more and more money

I started my busines in July 2021 and took 3 lakh rupees from a Investor. I made him director in my business for 33.33 percent. Later on third partner was removed and we got on 50% basis. Now he is forcing me to pay 50% of the revenue or rs 50000 per month any how no matter my business runs or not, only in case he provides me with 10 lakh as investment amounting to rs 6 lakh per year minimum. ...

Bank taking possession of collateral security, when the court issued status quo on primary propert

The bank initiated proceedings under by invoking Sec29 of SFC act against primary security for recovery of loan dues. When the above said proceedings were not in confirmative with the rules, I filed WP before the Hon’ble high court. The Honble High court passed an interim order in the above said WP by directing the bank to maintain status Quo. I also filed Another WP seeking the direction to ...

I gave my car for business and he sold/borrowed money on my car

I have a maruti suzuki car which has been taken on loan.The loan is taken from indusind Bank. So one of my friend told me he has a business of giving cars on rent and he promised me to give the rent of 35000 per/month. So i trusted him and gave my car to him on july 2021 and in month of February 2022 he told me he has given a car to his friend on rent but he is not giving the rent and also not ...

Is a Legal Agreement required to be done for purchasing equipments and taking ownership of Shop

I'm in the process of purchasing a bakery shop. The people who were earlier doing business in that shop had a condition that they'll vacate only if the new person purchases their bakery equipments at a good price. For this, another person agreed, he did an oral deal and bought the equipments from them but had not yet done any written agreement with these people or even a rent agreement with t...

How to file a complaint against my business partner for not allowing me to involve in the business

Me and my sister both started a electricals retail shop financed by our father but my sister husband got involved in the business as he knows about electrical equipments and household electrical service and he already in the field of services and already running one the field with my sister as a partner in it. in this case i mentally tortured and ignored by them intentionally with the motive o...

Company Beholding relieving colleterals

I was working in a digital learning app as a regional manager, From July company holds the salary the reason they said the clients (our client's Schools) have not yet shared the student's data. that's something sole discretion of the schools we couldn't enforce. I was really upset without any notice they suddenly hold my salary I decide to quit the job. I requested for resignation on 17th augus...

False onsite promise while hiring

I approached a hiring manager asking for onsite opportunity. He said for US/Canada I have to be in the organisation for an year but he can consider me for other countries and I agreed and shared my resume for interview. This conversation happen on WhatsApp. Later my interview happened and they put a hold on my hiring as they felt my salary is high. I sent a mail to business head(hiring manager'...

Can notice period be served within the service period in godrej and boyce if below is the bond

Below is my bond condition The Trainee has understood his / her responsibility and agreed to acquire knowledge and in the event he / she is offered employment with the Company post completion of the training, transmit the skills, knowledge and experience gained during the training to his / her colleagues, and to use the skills, and knowledge acquired in the training on the job. 2. The Trainee...

Complications with resignation

Hey all, I'd joined a startup in May 2022. Before joining when I had a detailed conversation with the CEO and founder he had promised many things. Primarily on these was a notice period of 45 days, but he mentioned 90 days in the contract. But he has assured me that he'll not enforce it as it's practically impossible to serve a notice period of 3 months. For the last few weeks his attitu...

Am I liable to pay notice recovery amount after leaving the company in 2 days of onboarding

My question have multiple parts: 1. I was working in a organization A and I received an offer from Organization B. Though I didn't like that too much but I thought that either HR of Organization B re-tructure of CTC or I'll find another organization with improved structure of CTC and not more than 2 months of separation notice period. With these thoughts, I got another offer at the day of join...

Leaving company within 2 days of work.

Hello, I wanted some advise regarding my situation. I have just joined a company 2 days ago but upon joining I realised that they may be lacking in the employee department, it seems as though there aren't any, although I'm sure that may not be the case, they have quite a lot of mistrust towards a new employee and I do not feel comfortable in the company environment as I find it very overbearing...

Can an architect's office in residential apartment permissible by law?

I am architect & have an apartment in residential scheme which i want to utilise fully as my office. There are two members near my apartment which are taking objection of my usage of flat as office. They are claiming that my professional office is not permitted in residential apartment because it is commercial usage. They are raising it because they wanted to seperate 2 wings of condominiu...

Share transfer and agreements

Hello, I need advice on below situation. (note: the names are only used for representative purpose, and do not have any resemblance or association with any real person). Event 1) Earlier Sandesh and Yogesh formed a Pvt Ltd company with 50-50% sharehold each as per AoA and MoA. Sandesh and Yogesh were first directors if the company. Event 2) Then Ganesh entered in the team as a ...

Resignation Period

My resignation period is for 60 days. I have informed management that I will only be able to serve it for 30 days and I’m ready to buy out remaining 30 days or i have asked them to apply my leaves for rest 30 days (that i will not he able to serve). I have everything in written, about my intent of serving only 30 days. In my employment letter its written that i have to serve 60 days and as well...

I cannot serve Notice Period will I be sued?

I served at a company on contract basis for a 3 years contract, “This Agreement shall be for a period of 3 years from date of commencement). They mentioned in the contract that: Agreement may be terminated by either Party during the contract period, without cause and without liability, by giving three (3) month written notice of such termination to the other Party. I am being constantly haras...

Regarding denial to pay back security and sales and removal of material

Hello Vineeta, We had our small Cafe kiosk in Manav Rachna International University pre Covid and since then out salea were held by the Foor Court company who was sub renting the kiosks. Slowly after Covid, they handed over the Food Court to another party without any agreement with Vendors. The new Franchise partner did not accept any commitments made by the Food Court operator like rent waiver...

Establishment of and Financial Services for Private LLC

To whom it may concern, I am a European citizen who is looking to start a Private Limited Company in India in order to create digital content for various other companies. I plan to employ myself under the company and use it to obtain an employment visa ahead of relocating to Pune, Maharashtra in late October. In order to do this I will be hiring a resident director from a separate compan...