Legal questions on Business Law

Shareholding rights .

I have individual 51 % shareholding in a company. My wife is having 14 % shareholding . Our group jointly have 64 % Out of six directors, four directors including mine are voting for us in all meeting. Company is having two acres of industrial factory. Two directors are not interested in any more investment in factory . I am planning to complete construction work and start manufacturing activit...

Cosmetic third party manufacturing contract & NDA

We are start up for skin,body & hair care products.We wish to engage a third party for manufacturing of your natural and organic skin care products. Initially manufacturer is providing few samples & then we finalized or modify as per our need of feel, smell & test. Manufacturer is making formulation for us only. We wish to have legal documents that protects us from all our claims mentioned belo...

The client makes fake promises to come back with new project

Dear Sir, I had signed with One KPO project in 2019 and it was not taken forward by client nor didnot refund the amounts by saying different silly reasons. Then he come with new project with fake commitments after a year by saying he could recover all the losses with new project by colleberating with my company. He asked me to invest money. Once I paid the investment money he showed again hi...

LinkedIn has blocked my accounts, to stifle questioning propanganda

The platform has blocked my account, because LinkedIn is a professional platform and I raised my voice. This all happened because I questioned a celebrity in US for a political post, that was promoting an Indian political party with fake propaganda, as its election time. I questioned her with supporting links of reports and news from the US government itself, that goes completely goes agains...

Notice Period

TERMINATION OF EMPLOYMENT Your appointment can be terminated by the Company if your Medical Screening or Background Verification check reports have major discrepancies. The management’s decision in all such cases will be final and binding. The minimum period of notice that both you and the Company must give to terminate your employment is three months. Notice must be given in writing. Fail...

Refund not getting back against cancellation of order - advance given

Sir, I am doing industrial electronic business . I have placed order for stabilizer for my client to manufacturer. I have paid Rs.- 75000/- to one of stabilizer manufacturer locally as advance against Rs. 2,20,000+ gst in November -2021. I got the quote for same also. As per his quote payment condition is written that 40% advance and balance against delivery. Delivery period is 4 to 5 weeks w...

Company not issuing Experience letter and full and final settlement amount

Hello sir/Madam, I need an advice as my previous employer has refused to issue my experience letter as well as full and final settlement amount. I was released from my previous organization on 18th dec 2021. I got an early release from my previous organization as i requested them due to my father's health. I had 60 days notice period in my previous organization but due to my request they a...

Tender submission

Sir, I have participated in 3 individual tenders of AEGCL, ASSAM and i was declared L1 in all the 3 tenders. but department has issue Purchase order in the name of L2 bidders without any prior intimation to L1 bidder. I have talked to the department and their reply was - " after going through the financial requirement of all the mentioned tenders combined, it was found by the internal commi...

Issues related to settlement from my partnership firm

Dear sir I have a unregistered company and I do trading bussiness We were there partners Since one of the partner indulged in some activity which personaly benifits only him We warned the partner and we decided to go apart Hence the partner has sent a mail saying he will resign and we accepted it and said we will amicably sort out But the partner who had resigned had created issu...

Pre-payment penalty on cc account

Dear Sirs, I have been banking with Axis bank for last several bank and using CC limit. I was compelled to move out to another bank at the time of renewal due to following reasons : -their services are pathetic. i am tired of chasing them again and again for every little thing. It has disturbed my routine business many times. -i have writen to their nodal office several emails in last f...

Transfer of shares

I had purchased shares of a company in 1992 thereafter I shifted my house and may be in shifting the shares would have got misplaced, I could not keep the track of those shares, recently I got to know that those shares are still standing in my name and has got transferred to IEPF, I asked company to issue duplicate shares, the company said that the shares has been lodged by a tranferee with tra...

Company forcing to serve notice perriod

Hi, According to the contract letter I have signed at my current company, the notice period conditions are as below: "Every employee is expected to serve and work for three months as the notice period except in case of non-confirmation of employment during probation period, redundancy or termination on disciplinary grounds. The notice period does not include the employees' vacation time or ...

Please Help me.

i joined a company in September , i flew to Bangalore from Delhi and started working there ( on my own expense which was more than 20k ) i was told a total of 4 months training will be provided ( sophisticated training ) but it was not done further only after 13 days the company tried to deploy me to its client. my father got sick( he is a heart patient ) and i returned to Delhi and never wen...

Stay Order of Supreme Court

1.Company applies to NCLT seekin extension to repay Fixed Deposits on maturity, Section 73 allows it. NCLT extended deadline of repayment four times, each extension was 6 to 9 months. , but never passed final order.The last extension was given even when ALL the deposits were past their maturity date, without seeking consent of Depositors 2. Upon appeal by a single depositor, NCLAT passed orde...

School giving notice to struck off name and stop online classes

All TUITION FEES is paid upto November 2021 but school is demanding for development fund for last year 2020-21 and also current session. Sending demand again and again. What is Supreme Court's verdict on development and annual fund etc. except tuition fees?? Please help. Part of mail sent by school : 6. In such circumstances, please be informed that: I. There is a provision und...

Friend refuses to pay loan back.

I need help as a friend of my husband Mr A, had borrowed money for his son's education. Mr A,owns a xerox shop in Nagpur. My husband worked for a reputed company, which was situated just close to Mr A's shop. During the period, my husband gave Mr A, plenty of business at which cost Mr. A, made a lot of money. During that period a sort of friendship developed between them and Mr. A asked for a l...

Personal Gurantee

We started a pvt ltd venture with friends as directors with equal shareholding. We took a loan where bank manager gave me white oapee to sign as O had to come back to delhi from chandigarh. I objected but friends sughested that they too would sign . Subesquently , they signed but later i cam to know it was sanction ketter and with Personal gaurantee. My networth cert is wrong and even mother p...

Can a company hold back salary if target is not achieved and while on PIP period?

So basically i have worked in a company for 1 month as a BDE according to my offer letter i had to do 50% of my sales target and mandatory 3 sales if am unable to do so i will get my salary but with certain deduction but this scammers put me in the PTB period which is a performance boost period and asked me to complete my sales target or else they won't pay me my salary. It was written no where...

Bounce back loan taken out by the former business owner that I became the new owner of.

Hi there, I’m sorry to bother you but I’m pretty sure I am being completely taken advantage of. When I took over the company as the sole director from the previous owner. It was agreed that I would also inherit the £10k bounce back loan that the company had already been paid. I have recently opened some letters from the bank that had been deliberately hidden from me and the bank is threateni...

Not Serving Notice period

Dear Sir Request to please guide me on below matter One of my friend has joined the company and signed appointment letter in which for pronation period is written as below given. "You will be on probation for a period of six months from the date of your joining our organization. Management reserves the right to extend this period at its sole discretion. During Probation, this Lette...