Legal questions on Business Law

Passport verification police adverse report for stay time

I ,Santanu Debnath, am working as seaman. I renewed my passport on February 2016. But Verification of police report is adverse as they told that within last 1 year I was not sataying in my current address. But at that 5 month period I was in Ship. They sent adverse report . Now pass port office sent me a letter telling that I was suppressed material fact . But at the time of prosseing I submitt...

Regarding getting back my investment from a business

Three of us started a business. I had invested some amount and i was the sole investor. Consequences led to disputes in three of us and two of decided to quit and third person verbally agreed that he will continue the business and he will return my money. Now he is not available in calls and in messages he says he is busy in family problems since more than two months. Also, he says he is not re...

Build houses in India.

I actually have more questions than only one. I visited India in January this year to participate in my best friend's wedding and fell in love with India and its people. So now I want to hear if it is possible to move to India and build houses for the Indian population. Not for tourists, or the rich, but for the common man and the poor. Those who really needs it. So how do I get residence and w...

Exit from a Pvt Ltd

We are 2 Directors in a Pvt Ltd Company. We opened up the company with a Paid up Capital of 100000 Rs and the share was split as 70:30 and the money was also pooled in accordingly from personal accounts in the company account. After that the Director which has 70% of the share started investing money and the Director with minority share started running the business. Today after almost 1 Year an...

Being cheated by company director

I am an NRI and one of a director out of 3, to a pvt. ltd company registered with the ROC India. The company is a news media company and is associated with the printing and publishing a daily newspaper in Kerala. The newspaper license holder is also the director of the company but the license is not linked to the company. Since the last 3 years, I was funding the company as a loan for the worki...

Starting a e-commerce business

Hello Guys, I'm staying in a municipality area. I have got a license from local municipality to run my XYZ (brand name/company name) business as Proprietorship. The license is based on separate adjusted building in my home compound. The building is used just for storage purpose and the products are sold through online website. I'm applying for VAT &CST (targeting all over India). Also gettin...

Early relieval from the company with 3 months notice

Hi, My company has 3 months notice period. I have sent termination notice agreeing to serve a notice period of 1 month for proper KT and paying the amount for the remaining two months of notice period. But they have refused the same. The clause in the contract is "Notice Period:Notwithstanding anything contained herein, the Company, in its sole discretion, may terminate your employment...

Business Partner not bringing money,delaying work,not giving time

Last year in june-july2015 me and one of my friend (10 years older than me) started a business. Initially I bring on the money for rent, partnership deed, rent agreement, and other related thing. most of the payments are been done in cash so i dont have any proof of it. From june2015-feb 2016 most of our time gone in the government process as we wanted to work in newspaper publishing, during th...

False commitment by Country Club hospitality

Hi, On 16/04/2016, We(me and my wife) went to spice mall Noida U.P. for a movie, after the movie one person came to us and asked us to fill a lottery coupon which is a free of cost and there will not be any charges for it and if you got selected in a lucky draw then you will get a 6N/7D free holiday accommodation in any of our resort across india. Since he said it’s completely free of cost s...

Full & Final Settlement due after resignd from company

Dear Sir, I worked for a company called Easun Reyrolle Ltd, Hosur. in a senior Engineer position. In July-2014 I resigned from the company due to the irregularities in the payments. I served my complete notice period and received a relieving letter from the company along with a full & final settlement report, which indicates about Rs. 6.5 Lakh ruppes payable to me by the company. As per the...

Havent received my salary

As per the requirement company had recruited me on feb 23rd as head of operations pay package of 15,000 to be paid per month, effective from 25th of February 2016. I was appointed solely for marketing, making creatives & Presentation for the Sponsors (Part time - wasn't time constraint). I had approched them quiet alot of time for my salary but never received a proper response, inspite of f...

I am a trader,suspect & sure that our manufacturer is lying,cheet

We have done contract with manufacturer, after the done agreement we make payment for goods, marketing and orders things will done by them only , as per him you will receive goods within 25 days and we will sold out 10-15 days. but goods will not come after 2 months also and then he said we have no client in your region so we will sold this other region where another distributor and will give t...

Review employment agreement and ESOP plan agreement

I need help in reviewing Employment agreement and ESOP plan agreement. Specifically, is this standard as an indemnity agreement (I am an authorized signatory of the company) "Without prejudice to any other right or remedy available to the Company under applicable law and/ or under contract or in equity, the Employee shall be liable to compensate, indemnify, defend and hold harmless the Compa...

End of business partnership

HI, I was in business partnership with one of my friend. WE had started a shop. Business was quite attractive. But after some month of starting business, my business partner started stealing some material to his another shop which he started after our shop. There was some conflicts in between us and with some understanding and negotiations, I decided to move out by taking some money and leavi...

Mis appropriation of power of Board of Directors

We established a company in 2003 where we were 5 shareholder Directors with the following share percentages. 1. Me 35% Chairman 2. Another 35% MD 3. Another 10% Dir (responsible for import & marketting of some Medical re-agents) 4. Another 10%Dir ( responsible for tender business and marketting of orthopaedics products) 5. Another 10%.Dir( Has her own business) The Last Director has her o...

Reconstitution of Partnership deed

Partnership Business with three partners, registered, difference of opinion between partners Arbitrator appointed only one partner present and the representatives of the other two partners present but this was not made legal. settled the dispute one partner who was present signed along with arbitrator and the third partners husband who was present at the time of arbitration send the deed of rel...

Bond letter breach

Hi, (i have used the word BOND as well as OFFER LETTER, bond is the legal notary sign paper and offer letter the agreement between me and company before joining the company) I have joined a company "x" and according to the bond that i signed, it states that if i breach the bond during or after training period(3 months from date of joining) i will have to pay some amount. But, according...

Snapdeal raised Panelty and unethically holding payment - seller

We selling on snapdeal branded laptop bags and other products our money hold by snapdeal in name of counterfeit products breach of agreement but we purchase all laptop bags with tax invoices we have only fake product complaints 38 out of 24124 delivered orders(0.16%) not even 1 % and in e-commerce market place these are so common issue to all seller because customer returned there products by m...

Conflict with Online Jobsite

Hi, I'm a freelancer and have some open contracts with US and Canada clients through jobsite 'Upwork'. Upwork is an online job portal where we can register as a freelancer and bid for the jobs posted by clients from different countries. One week back, upwork asked me to provide the scan copy of any identity card issued by Government of India as well as bank statement for address proof...

420 case

My brother was running a IT comapany in mohali from past 1 year and now he ran away. let me describe the case in breif:- he started the company in feb 2015 and closed (ran away) on 29 feb 2016. He had an 1 year contract with the building owner. he had paid 2 months security money to the owner. the contract was for 1 year i.e till Jan 2016. He paid his rent till dec 2015. He didn't pay the ren...