Legal questions on Business Law

Regarding sharing in firm

Hello, so i am starting civil contract work. But being a new firm i didn't get any project. So i thought to meet my friend(as he already have firm which works in civil project) . But there is one problem what if he cheats when he gets payment. I may face loss. So what i thought personally is , i can get partnership in his company and by getting partnership i may also get partnership in his com...

Data restore obligation on computer manufacturer

Dear lawyers, I bought a laptop online from flipkart and within 8 months its hard drive crashed(warranty 2 years). I contacted the service center and they simply replaced the hard drive however they say they are not responsible for restoring the data to the new hard drive. I want to know are computer manufacturer obliged to restore data or how consumer rights to their data is protected ....

Regd Property Legal Rights

Hi Sir Please guide me, My Father has Properties(All Self Made) worth 1CRL,80L,& 40L. , We are 3 Children's(Me from Deceased First Wife) My Younger brother & a Sister from 2nd Wife. Currently I am working in a Private Firm from past 13 Years and have been away from Step family,My Father is now thinking of dividing the properties, among children, But he is not dividing in proper way, he is thin...

Fake promotion offers

Hi I have been associated with a company for the last 3 yrs 10 months. I have with time successfully proved my capabilities as a performer and given productive results in the roles I was assigned to. Over time I have received negative feedback only with regards to my attitude which is extremely upfront and honest. In my Company there is a system of Auxiliary promotions. Under this system,...

How to get bail from ipc 406,414 case with stollen godown amount with 16 lakh without break lock

Hi My brother doing business as computer shop and he has 7 to day employee in his shop. before more than 1 year he got proposal to give our 2 flat and 1 shop as godown (Without any CCTV camera and watchman) for one company with electrical equipment and that company has signed my brother as go down incharge and told him that if you have reliable person in your shop then you can send him for re...

Npa

Hello Sir, My father had a business for which he had availed a loan by mortgaging a property that is solely owned by my mother. We received SARFAESI Act. Notice from the DM office in Feb 2018 per which the account was flagged NPA way back in 2014 and they have not yet taken the possession of the property. We have approached the bank and have got a positive response. The bank has continued ...

Hi, I am in urgent need of Professional Help!

I joined a company as Digital Marketing Manager on 1st March, 2018. I worked day & night and got 2 websites ready in 25 days. Based on this performance he offered me the Directorship of 5% for my department. It was all verbal and decided that the directorship will on profit sharing basis without any investment. I was officially introduced as the director but without the shareholding on 12th May...

Delay condoned for Filing Appeal in Sec 34 of Arbitration Act

Limitation condoned by high coirt even after available of sufficient evidence available on record, because of non exhibition of some submitted important evidences . The dispatcher of arbitrator [ being msefc {msmed act}] sent the linked 2 arbitral awards copy in single envelope with single registered post. Now a photo copy of dispatch register of arbitrator, the receipt of registered post, c...

Re-Fund Money to client issue

Hi Concern, I am a business owner, recently I acquired a client, We are into digital marketing services, we have taken him on a three month contract basis, he paid us 39500 + GST 18%, we have done 20 days of work with him, we went on 3 personal meetings with him as well, we modified the work according to his concern and we did it, now he said he didn't like our efforts, so we worked 20 days,...

Need help

Hello Sir's I was a paid director of 1 company which was a subsidiary of one international company based Hong Kong. And that company was a subsidiary of one Indian big company (not in books) So that big Indian company took OD limit of 4 cr from SBI bank on putting of their corporate grauntee and 2 property of their friends and mine signature of director and shown my net worth of 16 lacs ...

Unconscionable lending contracts with banks

I am a representing a business. I have a client who has a lending agreement of $5 million. The agreement looks absolutely one sided to me in favor of the banks. And he has started to default on the agreement repayment. Are you able to review and give me advice on the agreement? I can send the loan facility agreement. The banks are now ready to file a case against my client and I need to do some...

Regarding Termination by a company.

Sir,Ma'am, I recently started working in a company of bpo sector and I was a fresher when I joined the company. I have worked for 2 months in the company. In the first month it was all good but in the second month I the team leader(TL) became like enemy as I had opposed his wrong actions as he was misusing his authorities. On the day when I reached office then TL said that you will not login ...

Company release and pf

Hi, Iam working now with an MNC and while working here for 8 months suddenly I got to know my previous company has denied my release while they have sent the release letter via mail and also in courier,I have tried talking with the personnel of my previous company in person but not getting any solution,My previous company is now telling me that during the period I worked I had done some discre...

Money lending act karnataka

Sir, I am from karnataka, i have taken a hand loan of rs. 1lac in year 2013, at the rate of 3%, but after 15 days of getting the loan he came and took a writing from me with thumb impression and asked to mention interest rate as agreed without mentioning the exact interest rate as per agreed, once he got it he asked me to pay 6%, when I refused he asked to pay back the principal amount with 500...

Harassed by Supervisor

Dear Respected Members, I was employed with one of the eminent organization in Gurgaon till 11-Aug-18 (Resident in Delhi). I want to file a complaint against my Supervisor. Since I joined his project (Nov-2017), his attitude towards me was really harsh. He always humiliated me by making insensitive and personal comments like “I don’t deserve to work here”, and “whoever promoted me in my last p...

Mental harassment

I'm working in a private sector called think7 business systems private limited joined on April 2nd 2018, during the interview they told they pay as per the previous company salary only. At that time I wanted job so I didn't speak with the CEO regarding the salary. After 2 months of working I privately sent a message by pleasing the CEO to, if possible please atleast increase the salary to 2k to...

Forced to get into another rent agreement by family member

I am a shopkeeper.Last November 2017 I gave advance by cheque for a shop to Mr.x . Without any legal documentation,and he gave me the key of the room and I took possession.He told me to open my shop.After some days we both agreed to do an agreement later.I have also paid him 1 month rent by cash.After opening of my shop within 4 weeks all on a sudden he passed away due to heart attack.Later I c...

Share certificate lost from karvycomputershare

Issue: We have sent a physical share certificate of Kotak Mahindra Bank for split to Karvy head-office but never received the split shares back. As per karvy they have sent it to us using registered AD however we never received it, on following up with post office, they are saying they lost the post sent from karvy. and karvy acknowledged it. We as a customer don't know what karvy se...

Firing the Managing Director by Shareholders of a Private Ltd Co

Our company is owned by two families. Family A holding 75% of shares distributed equally between 3 brothers and Family B holding 25% shares by a single person. Family A has only one Director (A1)in the board and also the person running the company and Family B has two directors including the Managing Director (80 Years old) (B1 and B2). Directors B1 and B2 entered into an MOU to pay a huge a...

Removing watchman from our apartment

We appointed a watchman a year back.He had been inflenced by two tesidents of our apatment n that to ladies. He started working everything for those two ladies. He always abuse n quarell with the flat owners. Everytime the above mentioned ladies support him in such cases. We conduct meeting n take the decisions, butthose two ladies go to presidents house n discuss the same issue n take decision...