Legal questions on Business Law

Hello, Me from Chennai along with my friend from Delhi (not met directly) are planning to host a website service for which ideally there is no revenue generation through any source. I will be responsible for all the contents and my partner will be responsible for the technical aspects such as website deigning, digital marketing, etc. The website is basically about sharing knowledge for the p...

I have got an offer from a private company. In the agreement they have written that during the firsth 3 months of training if I leave the job then I need to pay my training expenses + (number of months * salary per month). After that if I leave during probation period i.e next 6 months then I need to pay 12*probation period salary. After that if I resign without giving 6 months' notice then I n...

Dear all, Due to some reasons i'm not using my company name. I'll mention XYZ on behalf of my company name. We are based in Chennai, Tamil Nadu. We run a business in Chennai for almost 6 years. Its a IT training services. Me and my friend runs the business. Initially we got advised to go with "Partnership Firm" registration as we are not fully understand /prepared for "Pvt Ltd" registrati...

My friend has availed a cash credit from a nationalised bank , under start up india scheme. She availed loan to start manufactoring of garments. It has been six month now and availed funds for the purpose of business but not for the same purpose mentioned at time of availing loan. But due to market trends she transacted in cash. She has not been sble to pay emi since 4 months but recently...

Hello all, Good Evening! Before a month our company has shutdown our process and out sourced it due to the cost efficiency reasons and we were forced to relive from the organisation immediately but they haven't provide us with the Two month salary as a compensation. When I enquired regarding this to our organisation, I didn't get any proper response from them and later they have provid...

I have joined an IT organization but due to some personal issues I am not looking forward to work with this company any more and instead of getting abscond, I want to go through proper resignation. My query is can they ask me to serve full notice period or I can leave by paying the required amount in full and leave in couple of days.Below is their policy. "Your employment with the Company can ...

I am an Indian student in France (I have spent less than 180 days in India since January 2016). I will continue to be a student in Europe till 2018 September. My objective is to register a fully digital and online functioning company which will have individual students from different countries as clients. The company would earn revenue by performing online consulting for these individual clien...

We may hardly get 5-10 lakh/annum from our recruitment services to client. but the below paragraph says, if there is breach then we have to pay 5 crore. Should i sign this legal agreement? We know this is not possible, but can we have this in our agreement? As this clause may take all our hard earnings of 10-15 years in 1 short. limitations on liability. except for damages or losses ar...

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...

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...

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...

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...

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:...

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...

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...

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...

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...

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...

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...

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 ...