Legal questions on Business Law

Termination issue

Hi team i worked at mnc last four months but suddently they fired me for some reasons i dont' know what happen and i totally blinded after that incident i asked my manager he not responding my calls and the date they fired me on may 11 2017, but still i won't get any termination letter with the company side Issue : I was spoke my head her name is divya it's totally education so i asked ab...

Slump Sale

Two companies 1. XYZ Ltd- Active 2. ABC Pvt Ltd- Active SRA- Govt Authority Monitoring slums in Mumbai and suburban area Date wise sequence 1. SRA was float a tender for particular project in march 2015 2. XYZ Ltd has participated the bid as they have won the bid because they are in L1 & technical criteria matching 3. The project cost is 1.8 cr 4. The project Duration was 4 Mon...

Fired without notice, what should I do?

I was hired by an IT startup (Intellipaat Software Solutions Pvt. Ltd.), after which I resigned from my previous employer to join them. I joined Intellipaat on 20th Feb 2016, as an Inside sales manager. The training period lasted for 10 days. On joining new organization I tried my best of abilities to perform better than expected. My performance was monitored by the management deeply as compa...

Music-related activity space for commercial use in residence

Greetings, I would appreciate your professional opinion on the following subject: I have a 900 sqft space in the basement of my house, which is in a residential neighbourhood in Bangalore. This space is soundproofed professionally and I intend to use it for the following purposes: 1. Small concerts (seating max 50 people) 2. Live recordings of these concerts 3. Renting out for music...

Non-Compete validity in India.

I work for a Multi-national Consulting Company. I worked on a client (let's call them Client A) from Jan 2015 to October 2016. Post October 2016, I have been working with other clients. Client A is still a client of my Company but I haven't worked with Client A since OCT 16 (7 months). Now Client A is interested in hiring me. But there is a non compete in my contract which states the following:...

Huge funds and company registration issues

I was contacted by a mutual friend who wants to start a production house in Goa. conditions are as follows our background : i am a Goa'n doing business; he is a Non Goa'n working in a private company issue: 1) it will be a company registered in my name as a sole proprietary and he clearly said he wont be doing a partnership. 2) a third party investor will be putting in a huge amount of c...

Application in the nclt

I am from Vadodara, Gujarat. We have a case going on in the NCLT Ahm against our Respondents under sec 397/398.My Dad is the first Director of the company and the Respondent CMD is also a co promoter of the company.The case was filed by us in Oct 2013 then CLB Mum.In 2015 I was given a Director appointment Letter which was signed both by the CMD and my dad as well .This CMD deliberately did n...

Bajaj Finserve Lawyer threatening from Bajaj Finserve

Hi , I have had a loan from Bajaj finserve in the year where I missed the last emi. Technically they should have deduct 2700 but every month they were deducting 3500 upon which when asked they said it's for insurance, which I never opt in. I kept chasing for the same with no answer. I then had issue with job and failed to pay the last emi and then after 2 years I am getting g a call from a l...

Forgery, cheating, share transfer and misuse of funds related.

I am NRI from US. I have started a Pharma company 10 yrs back and recruited a person giving him 9% share and salary to handle the company since he showed and convinced me with some chemical industry experience. He used his position and slowly faked meeting minutes, transferred my shares on to his wife and son and uploaded it to ROC. He also forged our signature, colluded with bank and took loan...

Irregularities in attendance

Iam in wipro and serving bond period of 2 years which is going to be completed in june.But complaince team asks me to ressign because they think i have filled efforts without swipe in/out but that is wrong i came to office but machine was not working fine i asked them they check in video footage but they are saying this issue is for october to march so they do not have any footage . They ask...

Jurisdiction of filing

Dear Sir I am a trader of machines based in West Bengal (mineral processing machines). One of my customer based out of Rajasthan has purchased a machine from us in Sept 2016. The machine was manufactured and supplied to me by my supplier, who is also based in West Bengal. The supplier had sent an inquiry of the machine and after lot of discussions over telephone / watsapp / sms the customer...

Fraud, Cheating by a company as an Investor

Hi Team, My uncle started a Pvt Ltd company in 2013 and he was trying to take multiple loans against same property. He got caught and he needed money immediately at that time to clear his previous loan and he ask me to invest in his company. I gave him more than 20 Lacs into company's accounts. Its been more than 3 years, he neither gave me any share nor ready to return my money. I took ...

Need to know if there is any help i can get as an employee

Hello, I was an employee of an IT company. When they hired me they had given many fake promises such as I will be 10% partner of the company. I will be earning certain amount per month, etc. However, I trusted the words and all these were never taken in writing by my side. They also made me sign a contract (not stamped, it was on company's letterhead) which says i can't do any freelancing w...

Previous employer sent a letter asking for my action

I have been working in a company since last 2 years. Recently I have left the company. I have all the proper documents from the company like offer/appointment letter, release letter etc. The company works on the web development field on the freelancing websites. After leaving from the company, I have created my own freelancing profile to work for myself in the web development domain. I have con...

Suggest to get documents from comapny

I sent my resignation to my boss and HR head and CMD were also in the loop by official email on 25 Feb, He forwarded the resignation to HR for further action without taking me in the loop. The CMD & HR conveyed that you will get relieving on 4 Mar 2017. It was verbal communication. They did not confirm the notice period and date of relieving on official mail id. HR head emailed the date of reli...

Dispute with Partner

Hi, My question is related to the partnership firm. We had a partnership with my relative(cousin) in the year 2015-16. The partnership was closed in less than a year as my cousin did not manage it well and the entire amount invested in the business turned into the loss appx 25 Lacs. He then informed the partnership his willingness to resign and walked out. While going he asked for the settle...

Overseas Bank Accounts

Good day, I am an emergent entrepreneur. I wish to do a little business overseas; I decided recently that the best way to speed up financial developments overseas is to open a bank account overseas, as the rules and regulations of the Reserve Bank of India does not permit any outflow of cash from within Indian territory, under FEMA Act 1999. This also applies for all overseas-based e-wa...

Employee threaten and drag between two business partner conflict

Sir/mam, i used to work for a private Public Relation (PR) firm and an NGO run by two partner who were also in a love relationship recently they started having difference because of financial matter and during that time both of them were out of station and both of them kept ordering me to block the other person number and not to have any communication but that was something which i didn't compl...

Cheating in the name of business partnership. How to proceed?

I am a currently working as a software employee in Hyderabad. I was looking to go into business field and was looking for a company to invest join as a partner. In that process I met Ravi Varma who runs a proprietorship firm named "Team3 Solutions" which is mainly a Graphic designing firm. He convinced me that he is forming a private limited company and offered me a share of 20% in it for an in...

Illegal Termination

Hi, I joined the pvt. ltd. organization on 02.03.2016 and promised was salary and equity with a vesting period of four years and cliff of one year. I was asked verbally on 15.11.2016 to resign which I refused. When I asked for reason they told me they have problem with my attitude. They told its not because of performance as they were happy with my performance. I asked about my equity(E...