Legal questions on Business Law

Sir i am having distributoership of one company .due to some reason we had stoped business with them .for settlement of my account we had agreed to transfer the goods to new distributor appointed in place of us in june 2013,after it we closed our business with them. in june same branch manager came and requested to resume business.we also agreed to resume the same.then branch manger requested ...

Hello, My query is regarding a situation of a Private Ltd. Company asking an absconding employee for settlement of Dues. In my case I Joined this company .. went to office for four - five days.. went on a pre-planned leave for about 12 days.. then resigned on account of my mothers medical condition... Shared my mothers Medical Certificates too with the employer. I was asked to join back a...

Sir, Myself Ramu. I took over an proprietorship firm from one of my Family Friends (name 'X') in jan'2013 and mutually agreed to pay 10Lakhs as of goodwill to 'Mr.X' and agreed to be responsible for the firms debts. i paid him some advance and cleared off all debts at the time of agreement and rest to be paid in 3 months. If i fail, he agreed to return the adv and all the money i have invested...

Hi all, Two people formed a private limited company stating as stated capital 1lakh and paid up capital 1 lakh, but one of the director has not invested to start the company and all the burden lies on the second person. However, the person promised that he will pay and has been prolonging ever since actually waiting for the first business profit to happen and pay from that. Now the two peopl...

In crpf revruitment i(kulwant singh) have applied for the post of technical trademen carpenter under general category.there were only two vacancies for tech trademen carpenter-one for gen candidate and one for sc candidate. During the recruitment process only two candidates cleared all the required tests.one candidate was from gen category(means me kulwant singh)and one candidate from sc catego...

Dear Sir Greetings! please give me the advice for release of our payment from a company. I am briefing the case as below; 1. We received Purchase Orders for laboratory incubators from a reputed pharma company. 2. we submitted the Bank guarantee of 20% amount of the Total Order Value to the company. It was promised by company that on receiving the material they will release 80% of the pa...

I have one Endowment policy in LICI in my name, table- 14, date of proposal - 7/12/2012 of sum insured 15 lacs, 27 yrs.term; 3 yrs. Passed. Now I want to surrender. I had paid Rs. 28000/- per premium in half yearly mode , so I paid 6 premiums till date I.e I paid Rs. 168,000/- till date. The vested bonus added is Rs 140,000/-. The 'Guaranteed surrender value ' clause in the policy bond shows...

Hello, We need an urgent advice regarding the following case. there was a music concert organised by a private limited company, say XYZ and asked group of few people, say GRP, to manage the concert. the group of people is not any constituted entity its just a group of few friends who accepted the proposal to manage the event. while conducting deals with the parties for the concert the GR...

This is Aravind from Bangalore booked flat in Chennai taking axis bank loan in dec2013, initially pre emi paid, builder delayed construction so converted to emi for 25lakh loan. So far bank released 2094500rs to builder. Construction stopped due to property litigation since Jan 2015, till date i had paved emi. Now seems property will not complete. I want to come out of this property. Bank loa...

Hi I had accepted a outsource work(Translation) from a client. All the communications are done through emails.He made offer through email and i started working on it. No paper or online agreement is done between us. Terms are saying that 50% would be paid after translation done and balance 50% after 10 days. I received work in two batches. I received payment of 50% for first two batches and ...

I work in an it firm recently I moved to a new team as a part of new team I was allotted a mentor so that I can be productive quickly, first few days were fine but after she started taking credit for my work and then stopped mentoring me she did not even discussed the task which were suppose to be done by me. She use to tell in meeting in front of everyone that she will be explaining the task t...

With due respect I would like to inform you that I have invested 4 ( Four) Lakhs 30 (Thirtyty) Thousand Ruppees at Rose Valley Company (Kharagpur Branch .) This amount have already maturitied on January -2015.& March-2015. respectively I went to your Kharagpur Branch's office at least 200 ( Two Hundred ) times but I am not getting any reply from them & not also they are not refunding Money to ...

Hi I have started new business of apparels and am a registered seller on Amazon.in, Few days ago I got an order of a unstitched dress material which we have fulfilled as per amazon's procedure and the product was delivered to the customer, but we received a return request from the customer stating that the product quality is low and she found stains on it, I spoke to the customer and asked h...

Dear sir, my father and his friend started a company by 50% shareholder each.Both of them are directors also.company was incorporated in 2012.my father and my brother gave their full time to grow the business.we also bought money by way of unsecured loans in the company.But other director i.e(my fathers friend) never gave his time and have not invested any money in the company other than his ...

Please do not take it wrong way that i am encouraging tobacco consumption. My idea is to start something similar to Chai point , kind of lounge which provides consumers tea and cigarette. Basically it will be a place where we will serve only tea and make sure that people who want to smoke can smoke in our so called lounge/place. It will be surrounded by 4 walls ,, closed off from public place...

I had a franchisee of a leading laminates and plywood brand. Company proposed very appealing and lucrative business scheme with high profits, which motivated me to go ahead with this. Company had sent the agreement on mail, and company told me that agreement will be done subsequently done, meanwhile we can proceed with the construction of franchisee store. Based on this I purchased appropriate ...

We are three equal partners. Partnership Firm. Me (1) & My(2) other partners were working. (3) third one was sort of sleeping partner. We started the firm in Dec 2013. Bank Account ( 2 signs) First operation started in Pune followed by Mumbai operations in Aug 2014. First year - 13-14. we did TO of 55 Lacs. - Net Profit of 10 lacs Second Year we were closing at 2.15 Cr.- Approx Net Profi...

I am having a small part time online business of selling Women apparels on some free websites not requiring a VAT or CST number. However, I want to expand it to sell on different websites like Ebay, Amazon etc by making a registered company of sole proprietorship (which i feel is mandatory for these sites). I read the requirements for registration of a sole proprietorship firm and have a very b...

Hello, I am facing an issue related to a website domain with my previous company which I held a share for nearly an year and played role of technical head for the company. I own a website domain from past 2 years which I purchased from an authorized Indian domain registrar for my personal use(I personally planned to open an e-commerce website) even before joining this organization. Since I ...

I have business agreement on 18.07.2014 for Rs.100 India Non Judicial stamp paper with one Software Solutions company (first party) located in Virudhunagar for Selling and marketing their Software products globally as a second party. Before made the agreement I was chatting with him thru my Gmail Id. In that chat he promised me to develop Android Mobile Application within 3 months from my agree...