Legal questions on Business Law

Fraud case, person not returning the money

Hi, This is manoj gavali my contact number is [deleted] and my case is below Ramanand Chandrabhushan Yadav-Number-[deleted] ,Address=203,Sector 34, Kamothe, Panvel, Navi Mumbai, Maharashtra Prabhakar singh-[deleted] Ramanand took 2 lakh Rs in march and we decided to buy a new car for ola business and he promised that he will give us car delivery in 45 days but 60 days gone still ...

Lifetime offer with 10% profilt share in company for 5 years

Hi, I want to offer lifetime opportunity for well qualified and experience lawyers. with 10% monthly profit shares for 5 years. Case Description: In Delhi there is Bharat Gas (BP) distributors who got MDG (Bharat Petroleum Internal Law - Penalty ) of Rs 2.5 CR which is unfair for distributor. He wrote several letters to BP regarding this issue but its not resolve even BP raised penalty amoun...

Defaulter in cgtmse loan - unsecured loan

Dear sir, This is regards with the defaulter in loan. Sir me and my partner had started business of making packaging boxes for that matter we have taken the 15 lakh unsecured loan under CGTMSE SCHEME. but at the year of 2016 I quit this partnership and while doing this our CA has made addition and retirement deed in which I taken the retirement and my partner continue the business with new ...

Wifinitive corporation fraud company

Wifinitive corporation data entry work se call aya tha unhone bola ki apko forms diye jyenge usme se km se km 1200/- form apko fill krne honge or unki accuracy level 91.26% honi chahiye. Agr accuracy itni nahi hui to apko penalty bharna hoga. Fir unhone rules and regulations samajhaye fir unhone id k liye adhar card manga to mene email me attach krk diya. Fir vo turant mere email pe agreement k...

Relieving letter not issued by company

Dear sir I was working in MNC company Dubai , feb 2016 i came to india for my wife delvery, same time after coming to india and i have found opportunities in india of same company in indian branch consecutively i have applied and called for interview and i have been selected and was given offer letter. after that i have send resignation letter to dubai office and requested them to relieve me an...

Can you go to the court of law after signing the letter of agreement for sevarance package?

Hello, I have been (was) working with a company for the past 7 plus years. I have joined the company as a team leader, and quickly rose to the levels of Assistant Manager, Manager, Senior Manager and Vice President in the span of 6 years. I have been instrumental in the growth of my team from 20 member unit to close to what is a 200 member unit today. On August 14, 2017, my director told ...

Limitiation period tor recovery of erroneous interest credited by the bank in customer's a/c

I had few fixed deposits (with quarterly interest option) of 10 yrs. tenure with a nationalised bank. In year 2005, bank had migrated to a new software and had manually transferred lumpsum amount of Rs. 83,654/- in my account towards interest of FD's. In June 2017, bank wrote a letter to me stating that "an amount of rs. 83,654/- credited in June 2005 was an error on bank's. Kindly check your r...

How to skip compensation for breaking company bond.

Dear Sir/Mam, Currently I am working in an IT company from 2016-Present.Before this, I worked as an software developer in ASCENTech IT Pvt. Ltd. Over there i worked for 11 months.While joining the job they asked me to sign a bond for two years of employment.Because of micro management in company, I quit the in 10 months and found a new one. Since the clause of bond was as follows: If an emplo...

Hmv purchased on hire purchase was subsequently seized by forest department

Dear sir, I'm vijay resident of kakinada, andhra Pradesh, my father has purchased a hmv(12 tyre lorry for goods transportation) on hire purchase. After 26 months, because of some financial and family issues , we sold the the vehicle to third party but the finacier rejected the transfer of finance and postponed the transfer for 6 months being their policy. After 6 months we came to know that ...

Delivery Partner agreement

Hello Sir/Madam, I run a small company which sells inverter and Battery all over Maharashtra. I am planning to tie up with Individuals from different cities to receive, deliver the material at their places and if customer selects cash on delivery option then collect the cash and deposit the money back to my account. since minimum order value is 20k. I need help/advise with following 1: what v...

Policy amount not paid

Our company has a car policy for which we are eligible after 5 years of service. Two years back pur company got acquired by an MNC. The policy was retained. Last year some pf us became eligible for this car policy (policy amount 4L). Last year while giving increment, we were told that we would get less increment since we are getting car policy. We did raise our concern but then we were told...

Fraud company

Hello, Anyone there to help me out. I've invested in S R Global services, as they are aware of the refund amount which I have been asking for them, from long, on the project they have given to me. The project as I have shown interest after seen advertisement and asked for and after several conversations I took Amazon project which they offered to me and asked me to pay 50000rs, after askin...

Company ownership legal opinion

Hi all, can my brother(Z) be claimed to be binamee of mine(X) by my partner(Y) .Z is brother of X and freind of Y.x and y are directors and z helped both and Z is govt employee .company set up by x and y with the help of Z .X and Y are only two directors .z's name not registered in any record but closely helped to develop the company .now after working for 3 years as he has seen profits and ...

Binary options (iq options)

Dear Sir, Just got this answer from a web page (https://www.investorgreg.com/binary-options-trading-legal-india) While the Reserve Bank of India and the Securities and Exchange Board of India tightly monitor and control Forex trading, there is no such measures in place over binary options. The reason being is that Forex goes against the Foreign Exchange Management Act (FEMA) whereas with bi...

Problem with Bajaj Finserv regarding Insurance againest Personal Loan

Hi Sir, I have taken a loan from Bajaj Finserv in the month of Dec-2016, while taking the loan they asked me to sign on insurance docs, But I refused to take insurance so they told me please sign on this docs and later you can cancel the insurance you will get 100% premium (Insurance premium amount is 35000/-). But when I tried to cancel the Insurance they didn't accept it, So I called to...

How to secure refunable deposit with franchisor

Dear Sir I am channel partner ( similar to franchise ) of NEET / JEE for certain branded Educational Company . For this purpose , we had signed MoU ( not registered ) in the month of 24 Aug 2015 . The term of MoU is one year . It required Rs 500000 refundable deposit , which bears no interest. Instead I asked with them , to give the following and accepted . 1. Post dated signed cheque , quot...

What happens when the relieving date from a MNC happens after the date of joining in another MNC

Hi Sir I gave resignation through mail on 01/09/2017. As per company policy I should serve 30 days of notice period. After 4 or 5 days later I informed them that I would leave the company on 15/09/2017 due to some personal reasons and I will be submitting all company properties at the same day. So I requested them to relieve me on 15th. HR was not ready to relieve me on that day ( I did not m...

My father is passing down my grand father Business to his sibling

My Grand father has a business which is related to farming and housing boar pipes/engines. My grandfather worked in that business for 15 years, After my father finished his studies he joined his dad worked together for 5 years. they got dealer ships when he was there. My grandfather written a,, 3 sons name on it, after my grand father died my dad took over he did business by himself and paid hi...

Unauthorized Futures trading, misappropriation of clients funds

Hi, 'M writing this on behalf of my father. I have been cash trading in DBFS Securities limited since July 2011 in Bhadravati and it was going well until recently. My account was transferred to Bangalore branch as the DBFS office in Bhadravathi was permanently closed. Harish Kumar M, a Branch Manager in DBFS took control of my account. After that, I also opened another account in my wife's na...

Two party aggrement

I have purchased some ayurvedic products from a local steet based ayurvedic shop ,since I much concisious about the issue,the ayurvedic supplier has took the advantage and started to loot me by asking some money in return some ayurvedic procts which immediately shown the effect after using it, after some days he again told we have to take this ayurvedic jadi booti then u will be normalised but ...