Legal questions on Business Law

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...

Can a state government employee be a nominee to his spouse demat account in stock market?

Sir, I have been working as an Accountant for a Private Limited Company with a salary of Rs.16500/- per month. I am now 40 years old. Recently, I have opened a “Demat Account” in my name as I would like to start investing in shares for which I have chosen my wife as a “nominee.” But, my wife is going to get a government job as a “Teacher” in the Education Department of Andhra Pradesh, while bot...

Fraudulent license agreement

Few days back i got the call from a company called glob technology, a person offer me part time job of watching online video at the rate of 5 rupee per video. That guy send me a mail and ask for my ID. In the mail there were a agreement and he told me to enter the OTP in the mail link for further process. Once i put otp another guy call me and verify my id and he told me if i failed to complet...

Matter relates to Joint Venture

The publishing company we started in 2007 joined with a business group in 2015 and made it and we along started a joint venture publishing company with 50% equity for both parties. In the board of directors two directors from our part and three from business group. The new company’s business were based on the intangible assets of our previous company and products of new company were based on t...

Eligibility for Gratuity

I joined my company on 26th of November 2014 as a Graduate Engineer Trainee and have been on permanent payroll of the company since then. I am currently serving the notice period and my last working day here is 29th of November 2019. I raised a ticket with my company portal regarding my eligibility for the gratuity amount, and they replied that I will not be eligible for this(I have written com...

Recovery amount for not serving complete notice period during leaving the company

I left my current company which had the policy to serve 2 months notice and if full 2 months notice is not served and the candidate wants to leave early he has to pay recovery amount for the shortfall of days. Example: An employee informs his manager of his/her intent to resign on July 1st ( verbally or via email). Ideally his last working date would be August 30th (with 2 months of notice)...

Customer care of a telecom company gave me wrong information.

On 27th of September 2019, I placed a call to customer care executive of a telecom company. For clearing some doubts regarding the changes of plan and charges. She told something different on call. But after I received my bill of that month, There were complete charges of service for which she told on call that it is not going to charge me in full. Since I, made a complaint regarding the ...

Violation by MCX,Judgement awarded by Arbitrator against Member-Orion Broking,Defaulter Commodity

Orion Broking, Commodity firm, Coimbatore, absconded from business since 19th Aug15 and after having appeared for Arbitration with the MCX Exchange, I got the arbitral award on 24th Oct15 for Rs 1,20,000 (full deposit amount) lying with the said Broker, but the broker (ex-parte) has not appeared for Arbitration. Also in the arbitral award there is no mention of interest to be paid till paym...

MOU on white paper between WC members and Propritor of Conmercial space within Residential Complex

Our G+4 apartment is residential but the ground floor garage spaces is being utilised for Comnercial purpose later after converting into it later since those areas was never used for garage.One outsider propritor has given the space to a Bank recently for running their Branch with covered area more or less 1300 sqft. On application of the Propritor ,the designated working commiittee members(3) ...

Recovering money from bpo fraud person

We came into digital marketing and gaming feild in the end of 2017.In search of projects for our company we came across a BPO project advertisement on internet.We contact the person with whom the ad involves,he is from Kolkata after contacting he asked the project costs about 2.70 lakhs and ask us to pay that online instead of that we asked him that we are about to visit kolkata and after ...