Legal questions on Business Law

Mr. Rohit Sharma started his shop in the name of M/S Vidhya Niketan in the year 2008 and gradually to increase the business, a loan was sanctioned by the Harit Pradesh Bank in the name of M/S Vidhya Niketan in the year 2011 for a sum of Rs. 60, 000/- which was increased to 2, 00, 000/- in the year 2012 and further it was increased to Rs. 3, 00, 000/- in 2015 for the purposes of Stationery a...

I work as a freelance consultant and provide development research services. The client in question (my old employee when I was working full time) and entered into a contract for my providing guidance to their research team in preparing 4 case studies. The client is based in New Delhi while I am in Lucknow. Following are the details of the contract: 1. In effect from November 20, 2014 to Mar...

Dear Sir/Madam, I have started a small manufacturing business on March 2014. For the initial capital purpose, I have borrowed Rs. 700,000 (Seven Lakhs) from my friend, for which I had to pay Rs. 14,00,000 within 1 year (i.e. by April 2015). For his security we wrote a partnership deed in which it was stated that he is the 60% stake holder and I am 40%. Our MOU is like when ever I repay his amo...

I am a Freelance Interior Designer. In 2012, I ran into a huge loss to the tune of 15 lakhs. To overcome the loss and come out of all the commitments, I approached a Person who said he will help me by giving a cash loan of 15 lakhs and also partner with me and further invest another 15 lakhs to create a proper infrastructure. This person gave me a total of 15 lakhs as promised. (Please no...

Bank had an offer wherein for using debit card 1% cashback was awarded which in turn could be converted in cash in account in same ratio / worth. I used debit card and earned cash back. Bank sent a notice on 12/06/2015 asking for recovery of excess funds credited in my bank account owing to redemption of excess cash points. They cited the The Clause on Right of Lien/Set-off, which was invoked...

This is to inform that i Anselm A Thomas resident of New Delhi India got a legal notice from an advocate in Kerela through a member who participated with me in an online MLM/Trading/Networking scheme.Putting false allegation and baseless allegations on me that i was authorized agent or a middleman in such scheme Mr Somveer Singh from Lucknow to whom i used to transfer the amount in his bank ...

Dear Sir, The Succession Certificate was applied in 2013 & received in 2014 by the legal heir.The application was filed in the name of Holder 1 who died in 2010 as deceased person.Thru inadvertance the name of the Holder 2 who died in 2011 a year later was not incorporated.Company "A" have rejected the claim for Transmission & has requested the legal heir to incorporate the Holder 2's name a...

Hi Sir/Mam, Greetings! I have bought a brand new Royal Enfield Classic 350 on 2nd of February 2015, just after a ride of 1100 kms there was a oil leake from engine head which service men did not noticed when I went for servicing. After that I went to them with the problem then they asked me to keep the bike there for 2-3 days for repairing, after teo days I came to know that it will take ...

Sir, There is one consultancy called Abhinav Immigration in delhi faclitating in supporting immigration. I deposited with them Rs 40,000/- as I was interested for immigration. I took the receipt for Rs 40,000. During same I did not sign any agreement paper. Later I appeared for IELTS exam on my own money, independently but could not score the required score to be qualified for immigration. ...

I have bought a inverter and battery from near by dealer amount of 18.ooo rs. On 10-06-14 which has guarantee of 24 months. Now suddently after 13 months the new battery got corrupted and started malfunctioning . I complaint my agent so he replaced the battery . Nowmy cocern is what wil be the guarantee period i should get of this replacement battery? when i shoot a mail to the leader group ...

Hi > I have left my previous organisation after resigning on mutual consent with S. VP - HR; as it was difficult for my to commute from my new residence (Rohini to Gurgaon) after marriage and also company was relocating even farther (Rohini to Manesar) in 3-4 months. > During my joining, i signed a service bond of 2 years worth INR 1 Lacs and left the company in 7 months. > At the time l...

Hi sir/madam, My friend had given a blank signed cheque to private bank and it was misused for large amount . And the bank person had made some tricks so that no information has reached my friend till police visits his home to harass him by showing NBW order by court. After it my friend took courage and met a lawyer and attended court , got bail and told that he has not taken any money. ...

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...

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...

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...

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...

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 ...

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 ...

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...

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...