Legal questions on Business Law

Not following MOU to share Profit after setting up the business

Respected Sirs/Madam, I helped one of my relative finacially and getting all documentnation and legal work done in getting approvals to start a petrol bunk on her name. Initally, before the application was filed to Bharat petrol bunk, we made an MOU and got the franking done in sub-registrar office on 20Rs stamp papers with terms and conditions that she shoudl pay me 51% of profit quartley. ...

appropriation of payments as per clayton's rule.

Question: A obtains 5 different loans from B in the following manner Month Amount Interest November 2014 20,000 20% December 2014 40,000 5% February 2015 10,000 10% March 2015 10,000 15% Total 80,000 A decides to make repay only a sum Rs. 50,000/- in April, 2015. Please explain taking the above example as how the debts shall be appropriated as per Clayton’s Rule of Appropriation of Pa...

Settlement of Land by Govt.

A person was in occupation of a piece of land and living with his family and cultivating since 1969. The land belong to one Tea company and had an abandoned house, which was later occupied by this person. The land was acquired by Govt. of Assam along with several other land of the tea company as ceiling surplus in 1976 and published in the Gazette under ceiling land holding Act of 1956. In 1979...

Client disowning his commitment towards work undertaken

Hello, we are a startup research and consulting firm based in Delhi. We started working with this client in /October/November 2014 to support him with his product launch (Logo Designs, Packaging, Corp Identity, Research and Website) all under one project. In the middle he abruptly asked us to stop research and the website was not initiated as per discussion , this client asked us to adjust th...

Cheated by investment company

I was cheated by investment broker/company, how much compensation can I demand from Investment Company? Let me refresh this in detail. I have a purchased a policy through a investment company, after that I have requested for policy cancellation, they took written letter from me for the cancellation, at that time I requested for acknowledgment for cancellation request, but they said acknowled...

Auto loan EMI overdue Due to Accident

Dear Madam , Good Morning , one of my friend took an auto loan 3.10 lac INR and paid 18 EMI ( as on 01-12-14 ) as per loan repayment schedule . In month of Dec-14 it met with an accident and got injured seriously his legs were affected and the vehicle too was damaged. Because of this accident 4 EMIs have become overdue and company served a legal notice through their advocate. Obviously the a...

fraudlant case on institute

Hi Team, I have big problem related with some Technical training Institute, New delhi. The owner of institute offered me partnership in the month of November 2014 with him in his business of Technical training as I am also a Technical trainer. He promised to me that I can complete my RHCA from his centre and can do business side by side at his centre. On his promise I paid him Rs.50K appro...

Claiming of loss funds from Ecommerce company

I am in ECOMMerce business and trade as seller on one of the biggest Online seller ( ECOMMERCE). ITs not been long that I realsied the logistic arm of the same company could be playing a filthy role in minting money by quoting exagerated weight of shipments. Of my whole lot 90 % of the shipments are over weight then they actually are ..some are even double of tripple then teir actual weight. Be...

Need Money Back From Buyer

-I listed my laptop on ebay & it was purchased by a buyer called Brijesh Sharma. -The buyer was found to be working with a company which is very near to my office. -So, I handed over the laptop to him personally after he made transaction through ebay website with his Amex card. -I never sold anything on ebay & later found that my money has been refunded to buyer because I violated an ebay po...

Guarantee forms for making advance payment (except bankguarantee)

Dear Sir, We are basically a Multi super specialty Hospital from Kochin, Ernakulam, Kerala. The name of the Hospital is “Amrita Institute of Medical Science & Research Centre” we purchase various items in order to ensure a smooth functioning of day to day activities of our Hospital. There are goods worth lacs of rupees. Many of the items we procure is from outside Kerala as many of the items...

complaint

sir i have bought a lenovo flex 2 14 laptop on 3-feb-2015 name-dinesh nadarajan mobile number-[deleted] model-lenovo flex 2 14 serial number: WB15436540 MO: WBO410090A after buying that laptop i have paid amount of rupees 999 on 18-feb-2015 to get lenovo smartphone through lenovo smartphone offer available in lenovopromo.net website for those who bought lenovo laptops recently and i g...

Non Compete Agreemenet

I was working with a US based company situated in Maharashtra, working location is Bangalore and during my tenure I worked with MNCs as contractor so these MNCS are clients to me and to my company. Before three months ,I resigned and have a notice period of three months, in the last two moths of my notice period I worked with one MNC as contractor. This MNC learnt me that I have an offer...

problem with friends

hi, this is raju from kurnool. we are of 3 friends(raju,ashok & anand;) interested to take dealership of sujana steel in tirupati. now my friends(ashok& anand) are trying to skip me .and they are planning for another new firm registration as 2 partner (ashok & anand) in the same business (sujana steel)...idea and contacts of sujana steel was given by me (raju) .i don’t want to miss this oppourn...

sole Proprietorship firm Questions

Hi, I am running a sole Proprietorship firm selling Domain names, Webhosting to Indian as well to International clients. I also provide various other web design, web development services mostly 99% to international clients who pay me via paypal or 2checkout i.e. online transfer and that gets transferred to my current account. I work from home and have no office or any employee. I pay other f...

bank loan

Respected sir, My loan details for engineering course.: From Aug 2010- Rs.20000+30000 Second year- Rs.20000 Third Year- Rs.20000 Fourth Year- Rs.20000 Total -Rs.1,10,000 I finished myengineering on April 2014. My Problem : Actually when i was getting my first loan amount "zero percent interest on education loan " available at the moment. For getting that offer i got sign fro...

Insurance commission

I was working with my employer who needed monthly income on investment. There was an old acquaintance who use to advise my employer about the latest mutual fund investments etc. namely (Mr.Gajender Singh ) So one day Gajender Singh told me that there is an insurance compnay by the name of ING Vysaya / Exide Life Insurance which provides monthly return of 13% on investment. So I told to my emp...

Re-appealing to consumer forum

We had gone through an agreement with a promoter, for making a G+2 building in our property area with the 40% of sanctioned building as our share and 60% being his share. We gave him the power of attorney to build the construction with his own expense and make several flats and sell to the people. Further he made another floor on top of it with no sanction plan and sold it . So currently the b...

can i submit case in consumer court

Hello Sir I am Anil kumar residing in Amb, Distt. Una HP.after reading one advertisement in news paper i contacted Mr. Maninder Singh Sodhi the Manager Of Sodhi Trading Company Ambala Cantt. Pb.They assured to set up a Plastic Molding small scale industry at my residence Amb, Distt. Una,in lieu they charged 1,10,000(One Lac ten Thousand Rupees) for two hand molding machine. They sent me Two ha...

Snapdeal nor supplying product neither refunding my money

I had ordered Lenovo tab to snapdeal why their website. I received a product thru courier. I paid its COD amount 10999/- . Tab worked ok initially but it stopped working on second day itself. when contacted snapdeal they arranged for return of tab thru same courier and returned product. I also got mail from snapdeal saying that they are arranging to send a new replacement of same tab. Bu...

Fradulent behaviour from the section of the authority

I am an assistant teacher in profession in a high school. There are only 2 life science teachers in day section., me and other one.In the session 2014-15, the authority make a routine for the teaches where classes are distributed unequally. First,they give me 21 classes/week and to other teacher only 4/week.After my protest they give me 22 classes/ week and to the other teacher 14/week out of w...