Legal questions on Business Law

Uncle got cheated, lost 1 crore, need advice

Hi, We are a middle class family living in coastal belt of Karnataka. My uncle (dad's younger brother) is a manager at a regional rural bank. He is crazy about money and getting rich instantly. He fell into some scam (something called rice pulling which nobody knows of) and he has so far invested over one crore, gave it some stranger with a dream of making 100 crores (yes, he is a bank manager...

Uncle got cheated, lost 1 crore, need advice

Hi, We are a middle class family living in coastal belt of Karnataka. My uncle (dad's younger brother) is a manager at a regional rural bank. He is crazy about money and getting rich instantly. He fell into some scam (something called rice pulling which nobody knows of) and he has so far invested over one crore, gave it some stranger with a dream of making 100 crores (yes, he is a bank manager...

Rose valley company is not giving money

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 ...

Defamation of Goodwill

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...

Tobacco related law related to our upcoming business

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...

Disputes between 2 members in the pvt ltd company.

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 ...

Industrial loan default under cgtmse

Dear Sir, After passing out of my MBA, I started a manufacturing company and took a bank loan of 97 lakhs under CGTMSE scheme. Due to an unfortunate fire incident on 5th July, 2014 - our factory was gutted. As we defaulted on the loan, the case has now gone to DRT. Some points on the loan: 1) Total Loan = 97 lakhs 2) Only primary security . No mortgage of property. No personal guarantor...

Franchisee versus Company

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 ...

Partnership Dispute

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...

Requirement for independent online business.

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...

Issue with Digital assets like domain/website

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 ...

Regarding importer threat of legal action

Sir, I had worked as an agent of UK based company in India. Had introduced both the parties of each other. Buyer in india made payments to UK company for goods as advance. The company in UK delivered the material at port in containers. But there was delay in issuing telex release by UK company ro the buyer. Though it was done later on buyer in india had to suffer demurrage charges. UK compan...

Require Legal advice on my Business agreement

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...

Online order with Rediff.com - Poor quality delivered

Dear Sir, I am Narayana Vennavelli and I live in Abu Dhabi. I have ordered a birthday cake for my father's birthday to be delivered yesterday (i.e. 6th September 2015) on rediff.com. After waiting until evening, my father called the phone number listed on the delivery confirmation email (I tried several times to speak to them on the same number but no one picked up the phone). He was told tha...

Shares sold stolen missing by unauthorised transactions -

I am regularly trading through M/s IDBI Capital Market Services Ltd. On [deleted] I found 20000 Unitech shares missing from my Open Position in E-Margin. The Relationship Manager told me to check in Portfolio. It was available. But I could not trade. I started taking screen shots and followed up with regular email. They sent me entire Unitech trades done by me. It did not contain information o...

Non acceptance of resignation

Dear sir, i had joined a private limited engineering firm on October 14. i gave my resignation on 25th aug,2015 via email,hard copy & also via post. my boss, the owner of the concern tore my resignation letter and refused to accept it and said i will have to stay there for three more months and only then they are williong to accept my resignation. in my contract there is no mention of any noti...

Partnership problem

Dear sir, We are running the powder coating company past 1&half year by partnership . Am the managing partner other one is working partner as per agreement . One day , my working partner asked my sign for change of address for shifting our company. So I signed the document with out reading . After some days I asked him for preparing the balance sheet .. But he was not supported me.. He submi...

Insurance claim

Mr. Rohit Sharma started his shop in the name of M/S Vidhya Niketan in the year 2008 and gradually to increase the business, a loan was sanctioned by the Harit Pradesh Bank in the name of M/S Vidhya Niketan in the year 2011 for a sum of Rs. 60, 000/- which was increased to 2, 00, 000/- in the year 2012 and further it was increased to Rs. 3, 00, 000/- in 2015 for the purposes of Stationery a...

Bond issue

I have taken admission in post graduation is Surgery at ESIC Andheri through All India Quota. There is a Writ petition (WP no. 12953/2015 & 18773/2015) pending in H'ble High court of Madras for the admission in this Academic year 2015-16. So I have been asked to sign an undertaking that my admission is provisional subject to outcome of writ petition. While taking admission I have asked to sign ...

How do I recover my consulting fee?

I work as a freelance consultant and provide development research services. The client in question (my old employee when I was working full time) and entered into a contract for my providing guidance to their research team in preparing 4 case studies. The client is based in New Delhi while I am in Lucknow. Following are the details of the contract: 1. In effect from November 20, 2014 to Mar...