Legal questions on Business Law

Dear Sir, My parents, had 3 sons. And my parents were joint owners of shares of a company. My eldest brother passed away in 2016, he was not married and also had no kids. After my dad passed away in 2018, the shares were transferred to my mum. My mum back in 2019, did a settlement deed and said upon her demise I would become the sole owner of the shares. A year after my mum’s passing I wro...

Dear Sir, I am a distributor of a company viz TELESHOP TELESHOPING from Mumbai since 2014.At first when i started work they did not demand any Security Deposit .After Few months when i launched there company fully in all districts of my area and they earned a lot,then demanded security deposit which was not a part of oral agreement,then they themselves cut a part of my commission monthly and ...

I am a market research employee with 6 years of experience. I was recently put under PIP(performance improvement program) by my employer although my performance from the last 6 years has been great. I was promoted twice during my tenure at the company. Post receiving PIP notice I felt humiliated and questioned my employer for the notice to which his response was that I am not putting enough eff...

I was user of Tikona Broadband Service, using Wi-Fi services for residential purpose. When I had complained on their support emails and phone calls - most of the time network was down / service not available for whole day / line related genuine issues were regular in my area. I had requested to terminate the account and stop the service of Wi-Fi and I was not using modem and internet. Device...

I am working in private IT company as a Consultant now. I have one year of experience in this company. Employers, managers, supervisors all used to misbehave with me since 6 months. Before 6 months my HR forced me to work after company working hours. I have voice recording of this conversation because lots of worker told me that HR used to misbehave with workers during this type of mattings. Th...

Respected Sir, I am a UPSC selected candidate serving as a Doctor(Specialist) in a Delhi Government Hospital for past one and half year. Before Joining the hospital, I had applied for another post of Astt. Prof. in Medical College (Delhi) though UPSC only. Due to unawareness, I didn't inform in my hospital administration that I had applied for another post in UPSC. Now after one year I got an ...

Dear sir Im M.S Hussain from GN AGENCIES recently I made an C & F agreement with Bharath Trading company / Loppy Food and confectionary company, and I paid the sum amount of Rs 5,01,000 /- as said but in agreement they send mentioned 5,51,000 /- on questioning they told 51,000 is for security deposit and I told them why they are taking security deposit when they are delivering the products of ...

5000 shares in a private limited company held by an Indian resident was sold to a British National residing in UK in June 2018. MOU and share transfer forms were signed. The purchaser i.e. the British National did not pay the amount to the seller. In fact, the British National transferred the said amount from another party's account which is a Trust registered in British Virgin Islands and that...

My husband and I decided to hire Regus for a month. They gave us a contract that we signed under our company name. After the contract was signed they asked for company details etc under KYC including an electricity bill which we told them was not on the company name. They kept going back and forth and told us they can't do KYC unless the electric bill was given. Fed up with the bureaucracy ...

Hello, I'm a freelancer. I'll take also serve as a vendor. I'll take projects from client and do that project with my team and submit it to client. I did two projects for X company. One project in November and another project in January and February. For 1st project I received only 20% of the payment. The total amount was Rs.61,374 and I received only Rs.13,118. So the due payment for this ...

Hi, Can an employee file a case against the employer claiming his partnership without any written records of partnership and just on the basis of personal grudge to extort money from the employer once the employee is terminated? Also, do the police have authority to question the employer without any evidence against him and just on the grounds of political pressure? Can the police force the em...

Post successful completion of your Probation and upon confirmation of your permanent stature within the Company the employment hereunder may be terminated by either party at any time, without cause other than termination by Company for Caused with prior written notice of 30 days Provided however that at the Company's sole discretion, it may immediately relieve the Employee from all duties an...

I am currently Serving my notice period Which is for 2 months. I already Completed 40 days Of notice period but I want Butout for last days As I have to undergo with medical surgery.but company is not Accepting it. Stating that You should Extend your surgery date & server full notice period. Here 👇 my Offer letter statement Regular Appointment: On satisfactory completion of your probation y...

Hi i have a partnership firm , but now among us the 3 partners the other 2 partners want an exit but i want to run that firm , so will i have to dissolve partnership firm and will i have to like first make all the payments to my creditors , receive payments from all of my debtors , and the payment of each and every family loan or unsecured loans that is with the firm right now , and sell ALL my...

Hi Sir/Madam, I am aware that the scene of dabba trading(collecting and/or managing clients money/accounts) is illegal. I was wondering there might be a way in which I will accept money from friends or clients through 1)P2P lending(not sure at what interest rate i have to accept a lending. please clarify) or through 2) accepting money by writing on stamp/bond. I wish to take profits abov...

I have a OD limit with HDFC Bank for a very long time and HDFC bank has been charging high interest rates from me and now other private bank offers me lower rate of interest and I want to switch the bank. If I switch my bank right now then do I have to pay the foreclosure charges? Today I received a letter from the bank citing the changes in the agreement regarding the prepayment charges. They ...

Hi All, I accepted the offer from XYZ LTD but not joined. Before the joining date, with Email I communicated to the HR saying that I am not going to join the company. I didn't get any kind joining bonus or any kind of payment from company. Still the company sending mail mentioning that you have to pay INR 136503/- to the company ASAP. I am adding the company mail for your reference. Dear...

A partnership firm purchased an office for their business. Later 1 more partner was added and after few years they decided to dissolved the partnership firm where 1 partner would carry on the business at the above mentioned office as a proprietor after settling all the liabilities as on date of dissolution and settling accounts of the other 3 partners by paying them. This dissolution happened w...

Hello Would like to seek guidance on the following. I am a partner in a Unregistered partnership firm in Uttar Pradesh. Because of non cooperation and unwillingness of the other partner in the daily operations, i want to retire from the firm. The partnership deed has the clause to give notice for 60 days and retire and the partnership is at will. I have mentioned to the other partner that...

I have recently joined this company and I have a non compete clause in there, the point no. 2 is very confusing to me as I can't understand how long it is valid. It goes like, Non-Compete: You shall not: • Set up your independent, affiliated or associate practice in the Valuation Profession for a period of 6 months after you leave this organization; • Perform auditing and/accounting ...