Legal questions on Business Law

Non Competence agreement

I have to sign a legal document with one of my client in which it is stated that I should not do any similar business for next two years after termination of service. I am allready doing similar kind of business presently also. Please suggest. the point mentioned by client is as below: Non-Compete Clause In the event of the expiration or termination of this agreement for any reason whats...

Private Securities Litigation

Is there any law applicable in the economic territory of India, for Indian businesses, that serves the same purpose as the US Private Securities Litigation Act of 1995? Basically, this act protects businesses from coming under direct fire from a plaintiff. It limits frivolous securities lawsuits. Prior to this act, a plaintiff could proceed with minimal evidence of fraud and then use pretria...

HDFC Credit card dept still issuing invalid due statements

Dear Sir, I had taken credit card loan of INR 22,500 from HDFC credit card on June 2013, with repayment tenure of 2 years and monthly EMI of 1,040 Rs. later the EMI was revised to 1,070 Rs may be because of change in the interest rate, if i'm not wrong. Since I missed EMI some months have paid late fee and interest charges some times in the tenure. During the end of my loan EMIs of aro...

Employment Bond

Sir, I had joined a company on 11th of may. The offer was through campus. They had taken my interview and I was selected. The provided me with a letter of Intent at that time stating my CTC of 4.07 lakhs and a two-year binding period, but not bond amount. When I reported on 11th May they made me sign an employment contract(Agreement) along with the offer letter stating the bond amount of 1.5 L...

Cheated by making false promise by Country Vacations.

Hi All, I got a call that My wife number has been selected as a lucky no and asked us to collect the free gifts on 18th May 2015. When we reach that Amruta castle Hyderabad there are lot of country club sales teams are there. Sales man Bhanu prakash approached me and they said it will be one hour presentation and you can take gifts after done with presentation. He started presentation abo...

Non-implementation of Ombudsman's Award by LIC of India, Surat

Insurance Ombudsman, Kochi, gave an Award in my favour against LIC of India, Surat, with regard to annuity of Jeevan Suraksha Policy issued by LIC of India, Surat, in 2001. The Ombudsman, Kochi, directed that LIC should pay the annuity as stated in the Policy, but LIC Surat is refusing to implement the Award given by the Ombudsman on 30th Oct 2014. I took up the matter with Chairman, IRDA as we...

How to file a case online against the partner for cheating

Sir, I, Syed Imran Khaleel started a new business with the name as MainFrame Systems along with my friend and shared a premises with a person who already runs his business in the same field on terms as the rent, electricity will be shared every month end. I spend money worked hard and brought the business up within 2 months and then of a sudden the third person who was not satisfied with his bu...

How to file case against company for service and negeligence

Dear Sirs I need your advise to file the case against a mobile company. 2 Company employees approached me to take super stockist fro mobile company. After meeting i have decided to take super stockist from this company for four districts in my state. These employees said me to bill 10 lack rs stock and give me documents. Also take one cheque for scanning purpose from which account i will ...

Not given maturity amount even sebi order

Respected Sir/Madam, I am working as an agent in M/s HBN DAIRIES AND ALLIED LTD in Tanjore Branch. There are 102 customers are invested as an investor in my team various schemes under the plans monthly, yearly and so on. They are already paid for their installments properly and after the maturity date none of them not get their repayment amount to company till now. Many times to contact th...

terms an conditions

A friend of mine, from Punjab runs an authorised franchise of apparel store in Amritsar. On my visit to his store, he requested me if I can help him locate any places to buy original/duplicate fashion apparel in my city i.e. Delhi. As his authorised distributor purchase products from Delhi and use to charge heavy amount on the same from him. I found a couple of vendors who sell the products ...

Institute in Bangalore cheated me by giving fake promises

A Computer Education Institute in bangalore cheated me very badly by giving fake promises like 100% job guarantee and we will teach entire lessons related to Graphic and web related stuffs and provide me with a part time job during the course period, but now they have left out many things in web development things and now they are telling that all that will not come to your course for that you ...

About absconding

My name b ashwin i reside here in bangalore and i work in shopping malls like in stores(lifestyle,shoppers stop)etc.Im just a brand staff which is not under the management of either stores. I was working in polaroid sunglasses from past 6 months switching to shoppers stop to lifestyle in between as per advice of my manager.The company or brand which is so called polaroid issues appointment le...

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...

Performance Appraisal during Maternity Leave

Sir, I am a PSU employee (working in officer level). During the financial year 2014-15 I have worked till Oct 2014 and afterwards I took maternity leave till end of Mar 2015. Subsequently my boss also retired in the month of Nov 2014. Though he has submitted my performance appraisal report till Nov 2014. A new person has joined as my new boss in the month of Dec 2014, who has never ...

policy violation

Hello, I was working with one job provider consultancy and on the payroll of this consultancy I was working at client location. Now I have left that firm due to very bad treatment and lots of politics. I have left the firm on 10th Jan, 2015. Before two days, I got a call from them saying that there are some bad reviews posted on glassdoor. Glassdoor is platform where everybody can provid...

Taxes applicable on a One Person Company and Incentives in an SEZ

Hi, I have a few queries pertaining to Corporate Tax laws. I want to start a research based technology startup and I am going with the option of One Person Company that designs electronics software and electric/mechanical instruments and licenses their design to other firms who can take up mass production.. Below are my queries.. 1) Can a OPC have an office in an SEZ and avail the b...

Scamed by website.

Dear Sir, My father is sixty years old and retired. Unfortunately he has lost all his savings in real estate scams. He was conserned about his future even with three of his sons working successfully. For some unknown reason he did not want to depend on us and wanted to work again hence he was seriously seaching for job for the past 6 months. Recently he was contacted via email and phone ...

PF not released

After my B. Tech I joined a company called Prodapt Solutions, Chennai, in 2009. While working there, I attempted CAT and in 2011, got admission into IIM Lucknow in the last list. Because of selection in last list, I had only a week to join. This meant I would not be able to serve the notice period which was changed from 2 months to 3 months in that very month. When I told HR that I would have t...

False finance case

Sir/mam me n my partner( Sameer and Sandeep respectively) have an agreement as appointment with the co.(maipra they have 2 partner Himanshu nd raman) Where we have to work for them to provide space from the people for atm and we have to take advance money from the people.. They said Us That it will take 3 months for atm procedure as we have goodwill in city n other places so people provide U.S....