Legal questions on Business Law

Dispute

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...

Can I get experience?

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...

Payment due

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 ...

Set up Ayurvedic cosmetics handmade business

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...

Breach of Agreement

Hi Sir, I have received legal notice via my email two days before. My question was, how i know i received original advocate legal notice or it is fake. Please clarify. If I'm not replied that email, what will happen? The legal notice states "1. That my above-named client is doing business of Business Outsourcing Service (BPO) in the name and style of M/s. INFRA DATA TECHNOLOGY, at hi...

Cancellation of Unregistered Partnership Deed.

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...

Regarding the deed of unregistered partnership firm

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...

Harassment by bajaj finance collection agents

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...

Liability of me as a Guarantor and as a Legal Heir

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...

My company deducted my salary to waive my resignation period

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...

Is it possible to establish a private education board in india?

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 ...

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...