Legal questions on Business Law

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...

My company deducted my salary to waive my resignation period

I worked for the organisation in gurugram(delhi ncr) for almost 2 years. Due to some personal problems my wife was facing in canada i had decided to move to canada. In September 2019 i resigned from my position after discussing my personal issues for which i have to move asap and asked them to waive off my resignation period. At the first my director told me he will adjust my resignation period...

Is it possible to establish a private education board in india?

We know that we are living in modern era of our society. Where we should have what generation demands. But we are lacking something behind in the indian education system. India education is not able to provide whats the generation demanding. There is no changes in the syllabus in the last two or three decades. We understand that we are already interrupted in the technical environment and this ...

Amount paid but project not delivered

Hi, We have agreed with one agency to create web application with fixed budget method. We don't have any legal agreements. But we have emails and whatapp discussion of them. As part of that they started working on designs in 2015. But we both have spent lot of time on designs because they didn't met our expectations. So we stopped working and told them that we will get back you once we clear...

Contribution towards Interest and Principal in Flat Rate EMI during loan tenure

Hi, I have taken a loan of 50,00,000 from Shriram City Union Finance Limited at 16.5% Flat rate interest for 5 years. So they calculated the EMI as 1,52,083 [50,00,000+(5000000*.165*5)/60]. As in flat rate method they arrived at this EMI calculating the interest for the whole 5 years. My question is how the EMI is contributed towards interest and principal amount monthly. Isn't it 83,333 (50,00...