We have 2 Private Limited Company both with same 2 share holders with 50:50 split and also both are Directors in both the company as well, My partner / other director is not doing any other work for past 2 years... I’m the only one that's bringing business & looking after entire operations, he only comes 1 hour in a week to sign cheques / he is doing a parallel business where he is involved ......
Four of us got into a partnership 2 years back. Ever since it’s we started it’s been a bumpy ride. The other working partner stopped working a year ago and stopped showing up at work. We tried to sell the restaurant to someone, but the partners just don’t co-operate. I finally convinced them to sell the brand to someone, but they took their own sweet time to sign the affidavit required to trans...
Sir I am a teacher by proffession ,last yr after my completion of studies and pg and 2 yr diploma in teacher training ,I had joined a private school affliated to cbse in Delhi as assistant Teacher from 1 April,there I signed contract of 1yr in July and it's time period was from 23 may 2019 to 31 March 2020 but on 29 Feb 2020 without any strong reason they had given me a one month prior notice t...
I run a small business ( advertising agency )in Bangalore ,most the my clients are real estate firm .I have multiple cases where my payment is due from. Very long time
Case no 1 - an agency for whom we have worked and payment due is Rs 1 lakh when we said we will take legal action he repeatedly provokes us hey take legal action because he thinks with legal action i will be spending more than ...
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...
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...
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...
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...
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...
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...
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 ...
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...
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...
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...
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...
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...
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...
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)...
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 ...
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) ...