Legal questions on Business Law

Below is details from my offer letter.My company is not allowing me release in 1 month and not accepting my offer to pay basic salary for that pending time.What can i do ? 7. Termination of Employment and Notice Period 7.1 The Employer reserves the right to terminate your services  During the course of Probation period, your employment with the Employer can be terminated either by the...

I noticed that the agreement that I signed up with one of the organization says unilaterally that company can terminate me by either giving me a notice period of 3 months OR by paying me salary and eligible benefits for 3 months.. HOWEVER, if I chose to join any other organization, I will have to serve entire 3 months' notice period, which cannot be reduced even if I am willing to pay the ...

There is a lot of premises on the issue: 1. The previous employer (a NGO who hired be for one of the CSR projects) did not pay us for nearly 3 months (2 months 3 weeks) and when questioned we didn't receive any satisfactory reply- only saying they are trying there best as the CSR company was facing some issues in the accounts dept. 2. Prior to this, we received our salary for the month of...

My husband and his three other friends opened a partnership company in 2014. At that time one was almost a sleeping partner as he was in job, amongst two others one was actively participating with my husband for almost 4-5 years till the project ends. At the end of the all 4 of them got equal profit. Then in their second project two of them were asked to contribute money for investment for whic...

I wanted to register My Fitness Training programme in Ministry of ayush, please guide me through. The course contain - PARISA - Its a form of face yoga therapy Parisa, which stands for Angelic face is the answer for every women’s dream of having that younger, lean and taut face. If your face has been perennially chubby and rounded all you want to do is transform it into a sleek and sultry...

Hi, Because of some unfortunate circumstances I was detained and put into judicial custody - and I stayed in JC for 130 days - during this period I was absent from office and because of that the company terminated me stating I was absconding. During my detention my office laptop was also seized along with my personal laptop mobile etc etc. On being release from JC I informed my employer a...

Hi, I will try my best to explain the situation briefly. I took a project from one of my friend in December 2020 and he owns a start-up BPO company, He made me invest around 20Lakh rupees into the business till date which includes (Office Space, Employees Maintenance, Interests of the Loans I took to do this business, Office Maintenance, Computers, Furniture ... Etc) But he never handed...

I am a wholesaler for various brands along with company(which is a Candies, Biscuits, Chocolates and other food products company). I had no written contract with company but I used to get their products for wholesale, I used to get the bills as the super stockists from the company and used to pay them in the official bank account of the company. All of a sudden, company decided to have a new...

M/s Mohanlal & Sons was a registered partnership firm at Surat (Gujarat) as per the partnership deed dated 1st June 1976. It was changed on 24th June 1999. From 01st April 2000, this partnership firm was converted into a private limited company in the name of Vikram Silk Mills Private Limited. The company was registered with ROC in Ahmedabad. All the assets and liability of the firm was taken o...

Me and my partner started a partnership firm of machinery rental services. The partnership deed is only notary done. I have invested completely in the firm and purchased machinery. We are going through a dispute now and my partner is demanding for 50 percent from the assets. The partnership deeds says : 1. The amount lying to the credit of the partnes shall be deemed as their current capit...

My name is Satyam sharma from satna , mp. I am a businessman , In Feb 2021 , I become the super stockist of a company name SSV AGRO pvt Ltd. This company is registered from UP. And it has its manufacturing unit in Indore. According to the company , company will provide ,3 salesman for marketing and company will give rs 20K per month whether sales happen or not .Company also take the deposit of ...

I am working as SDE in BSNL.In 2019 i was working as JTO in BSNL in Ambala .I visited USA while i was on maternity leave till mar 19 and noc for going abroad was given by my department till mar 19.I extend my leave with CCL till Oct 2020 while staying in USA and address during leave was given as USA address and same was approved by leave sanctioning authority.During the month of Sept i got tran...

Hello I had held some ESOP shares of my ex-company which was taken over by a MNC which I was forced to sell for the deal to go through. I just had 0.0001% or lesser holdings. As a part of their due diligence process my ex-company asked for lot of snapshots of my income tax portal and other details which I have provided as part of the take over process. After all the process and money remitte...

I am working as an intermediary for the sale & purchase deal of metal scrap. the seller is from poland and the buyer is from india. i have introduce the seller to the buyer. my duty was to be precise giving of offer, getting updates on deal, document exchange etc. i am not signatory authority of any party. the seller and buyer has entered in to sale purchase agreement (spa) in july 2021. i ...

My current company (A) lost a client and they gave business to another company (B). Company B has offered me a job for the same client and same project. Will I have any legal consequences ? Clause in offer letter : You agree and covenant that during the period of your service and for a period of one year after your separation (regardless if this separation is voluntary or involun...

We had taken a franchisee from big reputed company for exclusive distribution of goods on retail basis in specified vicinity. The company abruptly stopped supply of goods without any pre intimation, saying that your outstanding is high, please clear the dues to resume your supply. We connected with our ABMs for the same and stated that our outstanding is not HIgh & very well in normal credit li...

Me and my brother open a fixed deposit with a private company in the year 2000 in either or survivor mode. This company ran into financial trouble and could not pay the due amount. Under the direction of Honorable High Court in the year 2010 the company was directed to issue the shares to the fixed deposit holders in lieu of the fixed deposit amount. The company issued the share certificate wit...

I am working as Manager in a IT service based company. My company (here fater refer as seller) is acquired by another reputed Indian compnay (here after refer as buyer) but the position offered for me in that compnay is very low. Hence I decided to not accept the offer from the buyer compnay. I have not resigned from the sellecr company also. As per the terms of conditions in the offer letter e...

Dear Sir, Very good evening. Can you please guide me on the following queries. Question - 1: Can the Company A waive off the premium on redemption of preference shares invested in the Company B ? Company A is holding company at the time of the investment made in the year May 2014. Since last 2 years, Company A is not the holding company of Company B. Company B is a loss making entity and...

Hi, I am from Burdwan. During the end of 2017, I came in close contact with one of my friend and discussed with him about my future. He then advised me to start a new business and also shared his own plan of starting a restaurant. Inspired by his idea, I decided to join him and he agreed to take me along with his wife and start that restaurant. I borrowed 65,000 Rupees from my other friends an...