Legal questions on Business Law

Hi Experts, I have resigned from XYZ organization and i have received a NDA form on last day as part of exit formalities which includes this below clause. Please let me know if this clause restricts me to join as a Full time employee for any of the client's of XYZ organization for 12months. Non-solicitation of clients 1. I agree for a period of twelve (12) months from the date of closure of...

Hi, Can i reject an offer contract after duly signing it , can I be sued for the below . this what is mentioned under terms and conditions: The write up is as follows Conditions to Employment 1.1 Your employment under this agreement is conditional on the Company confirming to You that it has received such references, pre-employment background checks as the Company deems satisfactory. 1...

My business partner in an LLP has been absconding from the office for 1 year and is not contributing to the business. The business has a bank loan and somehow, I as the second partner am paying monthly interest from my own pocket as the company has no money to afford even the interest liability. On repeated follow-up, the absconding partner is replying barely over facebook assuring me that he w...

I am 32 with 18 months baby.He is unwell and my husband stays in different city due to his work.I had to leave my job and urgently travel to take care of my husband who is unwell and was staying alone.I informed my manager on phone and had discussion two times on the same issue. When I was hired, I was hired at a pkg of 8 lakhs and later on the company asked me to work on a lower pay of 5 lakh...

I have seen one ad on OLX for Activa 125 cc and the seller informed me that he is from CISF and shared me his ID and other Government proof. He was ready to give it to me in 180000 Rs. I have requested that I'll come there and I'll check Bike and then I will pay but he said he is working for CISF and they will not allow another person to come inside so he suggested I pay 3000+150 Rs. So I ha...

A company approached me after lockdown and said they will provide me business. They want to appoint me as their distributor for a particular city. They said if you want the distributorship you need to pay us 10000 rupees. After few conversations i was convinced and i took the distributorship. I paid him 5000 in advance and they sent me the 6 goods costing 10000 and the contract duly signed by t...

Hi There. Greetings!! I happen to be a senior IT professional from Bangalore heading with a startup as Head - Enterprise analytics ( Band -I ) and served the organization for eight months, with a specialization in computer science as PhD. The said organization could not process my joining formalities due to COVID -19 outbreak in May-2020 and hence despite of working for one and half mo...

I had been a part of a company in Bengaluru. All my life all I know is teaching on online platform keeping the point in mind to positively contribute on youtube to help provide free education to all. My original agreement was to serve one month notice or surrender salary for it. They just kept making false promises by holding my raise and not working on it. My financial requirements and medi...

I have selled my bike to an dealer in exchange of new bike purchase 2 years earlier. that dealer had provided me only delivery challan on which it is mentioned that the agency is liable for any accident, mishappening from date of purchase till date, i have asked them to sign and stamp a affedavit but they denied and they told me that they had provided delivery challan and stamp and signatures a...

Hello, I am facing issues with one of big MNCs regarding a negative settlement. They are now demanding to pay 19k as they claim my full and final settlement is not over. However even though i provided resignation they never accepted it till the last date as per my notice period. i also extended my last working day to another month hoping they would accept my resignation. Unfortunately they n...

The resigning partner tendered his resignation back in first week of September 2020. He declared his last date to be October 31 2020. The resigning partner had initiated the thread of taking up Startup India registration to be able to avail tax exemption. As the registered address of LLP was also going to change, both aspects (partner's resignation and registered office address updating) are to...

With reference to above subject, I am holding Demat account (Client ID-2467511) in M/s Sharekhan Ltd, Bangalore for more than two years. I transferred all my shares from BMA securities Ltd to sharekhan.(Almost worth 70000/-). This became my main stock broker and started trading in equity and futures & options regularly. I Never asked them to reduce brokerage and never complained against any one...

I worked with Heritage foods limited, Hyderabad. I was working hard and was also appreciated vua mail, letters and certificates for my performance. I was working from home since March'20. November onwards HR sending us mail to again come back to Hyderabad or else each day will be marked absent. Due to pandemic, my family was not ready to send me to Hyderabad all alone again. Hence, I resigned...

A director ( Mr. X) who is also the shareholder of 44% in my company , while I am ( Mr. Y) also the director and holding 55% share of company and operating the company with another Director ( Mr. Z) having NIL share. Mr. X is creating the hurdle and false complain submitted to BANK and made the request to close the all advance facility of company , therefore bank had reduced the advance fac...

Respected Sir, I am T Nagaraju from Rayagada District, Odisha want to write few lines that, few days ago (last month) all the manager's of the L and T Finance branch unitedly has made false allegations on me to operational management of the said comapany. And also without any telephonic/written intimation to me they were removed all the Whatsap groups and blocked official gmail and other login...

Hi, I have a family clothing business which constitute a 5Cr 3 storey showroom( built on the ancestral property given to my dad and an uncle by my grandmother), plus the clothing assets/material worth 2-3Cr in showroom. My uncle gave away his share to my father in a verbal agreeement or probably through a deed as my father helped him purchase another showroom in 1990( I think he still has name ...

Hi, One of my family relative approached me for starting a business. But not planned which business to start with. I told I can only do investment and not take responsibility of the business. It will be your responsibility to run business and share profit with me. Please note no bond or contract was made. It was all oral communication since he was a family member. Then he and his friend decide...

Hello, I asked a friend if he would be interested in doing a business for one of the idea I had and started a private limited with both of us as equal directors. I started the work from getting the documentation for company registration, name, logo, forming team, planning strategy and etc. When it came to designation only he wanted to be the CEO as he promised to invest. In mean time I got ...

Dear sir We are doing corporate services as per company guideline. We were associated with BTI Payments Ltd in their division INDIA ONE ATM on service channel partner contract for five years. This agreement implemented from September 2015 on ward for five years. But they have paid us till july 2016 and stop our payment further without any confirmation and mail us that they appointed some one e...

We are having CC Account with south indian bank availing 3 crores CCOL limit. we are a long standing customer of branch since 2013. Our Account has been classified as Non Performing Asset (NPA) on [deleted]. we were unable to pay the interest for the period November 2018 to December 2019 in time, because of unfavorable market conditions and distressful economic conditions. Earlier we have p...