Legal questions on Business Law

job relieving letter

hello sir, I am in a peculiar situation. i am selected as a "intern" for about 3 months(from may 2014 onwards) in a small PVT.LTD company. they issued me a offer letter stating that i) they give a stipend of 8000 per month II) i need to serve for atleast 3 months; On succesfully completion they may observe me as a regular employee. i signed that offer letter and sent to them and i j...

Proprieter of a firm not returning funds & interest due

One of my friends introduced me to one of his acquaintances to start business. After some discussion, I transferred Rs. 5.25 Lakhs to the account he provided based on trust and goodwill, and did not have any terms in writing then. I realized I transferred to his proprietary firm (not the business we wanted to start). Due to reasons we did not align on the business plans to start business and my...

Cheque bounce

Respected sir/madam, I am Renu Kshirsagar.S from bangalore. I am a electronics hobbyist, In the month of May Mr. Aditya from edurdirectory approached me and ordered for three robots agreeing to make payment of INR 4300. After the robots were given he gave a post dated cheque of 05Jun14. After i deposited the cheque it returned as that account was blocked, When i informed this to Mr. Aditya he...

Loss in commodities trading due to failure of Risk Mgmt System

this occurred more than 2 years back and out of nowhere I started getting notices from the broker in December last year whereas on phone I was told last year that it was not my mistake so I don't need to do anything. i went to the multi commodity exchange and in the meeting for mediation the broker was not willing to accept his mistake but was willing to acccept rs 30,000 against the debit of ...

Standard Chartered Blocked Card with not reason

Hello, I am using credit card for years now and never has a situation which stanc has shown me.. stanc card was applied 27-7-2010 used for 2 odd years and in 3rd year even if i was making payment on time there were late charges been applied and after 2 months card got invalidated. I has why and what happen but not answered and said i have complete payment including late charges knowingly t...

stamp duty_amalgamation_immovable properties in different States

Facts:Delhi High Court sanctioned the amalgamation scheme of two companiesduly registered at Delhi without anything stating on stamp duty.Some immovable property of transferring company are situated in thestate of Rajasthan.Will the state of Rajasthan have jurisdiction to demand stamp duty onthe amalgamation?If answer is in positive, whether1. the stamp duty be payable on whole consideration of...

Bankruptcy of a Ltd.co.

Dear Sir, I was working in a ltd.company since august 2001.The company has taken cash credit limit from a PSU bank in 2005 that becomes RS.20 cr.in the year 2012 against mortgage of two offices and director's personal guarantee . In the year may 2012 company appointed me as an additional director without any extra facility or remuneration.In October 2012 co.declared it self as bankrupt as they...

Validity of Contract sent by email - No hard copy signed

There is verbal discussion between the MD of the Pvt Ltd Co and Individual ( Consultant ) to work on consultancy assignment. Terms of engagement were discussed and then MD agreed to send the mail to consultant containing terms of engagement. 1) MD of pvt ltd co sends email to consultants mail id - is this contract / terms of engagement valid. Is email valid form of document 2) Does the co...