Legal questions on Business Law

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...

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 ...

How / What to take Legal Action , My Business partner done Fraud with me in my Pvt Ltd Company.

I have started my Pvt Ltd company ( Travel company ) in 2015 in Delhi & in this company i have made my elder brother as silent partner with 10% of company Share . In 2017 i have added 2 more friend as as partner & profit share of 15% each person.But as mutual understanding we decided that we will share the profit in 3 equal part but there is no any written documents for the same. We was working...

Unfair recruitment of executive(technical) in LMRC

Hi! LMRC (a joint venture of govt. of UP and govt. of india ) advertised a vacancy for varios posts in 2018 vide ADVT NO: LMRC/HR / Recruitment /O&M/3/ 2018 dated 21.02.2018. For the post of AM/Civil 07 vacancies were advertised and 07 were finally recruited without giving any consideration/relaxation for the already serving employees in just below grade. Now, LMRC has called for document veri...

Non-solicitation clause

Hello sir, I am a software engineer. I worked in a company for 4.5 years from 2014 to 2018. In 2018 I left that company and joined an MNC in Noida. I was in touch with an indirect client from that previous company and came to know that they had a vacancy. So I talked to him and joined that company. Now my previous company has proceeded with a legal case against me as there was a non-solic...

Caught in a mix

: As a company we outsourced our manufacturing to a local company in Jaipur. After handing over the raw materials we asked them to fabricate it. Now one of the employees of that company because of non payment of his salary took the finished products with him. He is demanding the owner his salary which the owner is giving in the form of cheques which the employee is not accepting. I am caught i...

Canadian being scammed?

Hi I had a contract agreement for a app and webapp development service between my company XpeDash and the other company located in Kolkata India. We started First payment for activation of service on June 27 2019. The service was supposed to start then and finish September 1st during the summer months we had lots of problems due to the guy responsible for the project not understanding English w...

Can i sue a brokerage firm 5paisaLtd for faulty service & misappropriation of my account with them?

There is faulty service on the part of 5paisa brokerage services. That i got 27 Bharat electronics bonus shares credited to my account on 28th Sep 2017 which after so many reminders were initially in their pool account & later credited to my account which i was not able to sell because of their portal/backend technical glitches or poor infra.I registered the issue with their customer care te...

Harassing and torturing in calls and messages

I was searching for a part time home based jobs in quikr application, then i get a call from jexmon solution, they told me home based work of captcha entry by android phone, pc.in which they will provide 10000 captcha entry and we have to complete with 10days and 90%accuracy. They ask for my id proof and two mobile no. And i got a work agreement on my mail id. I got a user id and password which...

Trapped by Tours & Travel Holiday company named Imperial cruise services

A tours & travel company call people whose number they get from DMART, petrol pumps where people give their details for lucky draw coupons, invite to their offices to give them (invite couples) free gifts. Then they ask customers to spend some time in their seminars & they start advertising of their company. They show lots of lavish hotels &locations in their brouchers & advertise how they can ...

How to structure a real estate startup that offers fractional ownership in commercial properties

Hi, I am looking to start a Real Estate Platform that offers Fractional Ownership in A Grade commercial Properties. My model is slightly different from current startups in the Fractional ownership space. Need proper legal advice on how to structure my startup. Current Model : Platform will identify commercial properties that generating good rental income, talk to its owners, negotiate the pr...