Legal questions on Business Law

Legality of Crowd Funding?

Dear Sir, Crowdfunding is solicitation of funds (small amount) from multiple investors through a web-based platform or social networking site for a specific project, business venture or social cause. Crowd-funding can be divided into four categories: donation crowdfunding, reward crowdfunding, peer-to-peer lending and equity crowdfunding. Reward crowdfunding refers to solicitation of funds,...

Mental Harrasment in Training Institute and un ethical behaviour

Hi, Can you please give me some legal advice on following issue. Issue: My wife and 4 of my relatives joined a fashion designing training institute in Bangalore. Course duration is 3 months with list of topics mentioned in it. After 2 months of our course now a new employee joined as HOD in this institute, she started putting mental torture on all the students. She doesn't allow students ask...

Non Disclosure agreement, Non Compete Agreement

Dear Sir/s, I am in the process to start a new venture which will be an online media network, for the same I will need some technical support from a software/website development company who would develop our website/software and our mobile apps. The said software development company has its H.O. in India and branch offices in UK and USA. i wanted to enter into an NDA and Non compete agreement ...

Dispute among directors in a private limited company

Hi Sir/Madam, There are total 4 directors in my private limited company doing business through Govt. Tenders - Myself, My Wife, My friend and his wife having equal share capital. Me and my friend were the only active partners since beginning to running the business. Now for the last 2 years, my friend was actively involve in politics and therefor neglected work. Now he has joined a company as ...

Non Renewal of Monster recruiter id

Hi. I have taken a monster recruiter login id with an intent to start recruitment service. We agreed upon an annual package in which the payment had to be made every quarter. We continued for 2 quarters renewing our services, in time, hoping to get some clients & being able to sustain. However we were not able to find any clients to start our recruitment consultancy and hence cannot go further....

Need help in fixing consulting fees?

I am setting up a gym. A close relative who is from gym industry who has a good reputation in his field is helping me out to set the gym. He has done all the process like finding a good property to rent out, now working on getting up the equipment, interior, flooring, advertising etc and all. He has kept his team for my project. After the gym is set he will give his management to me and his bra...

Is Binary Options trading illegal in India?

Hello. My question is : Forex trading of currency pairs not involving INR is illegal in India, but is Binary Options trading illegal in India? Difference between Forex trading and Binary options Forex : When trading Forex you are speculating that the value of one currency will increase or decrease compared to another, in an attempt to make a profit. For example: The current price of E...

Packers and Movers, Damaged and missing items.

I had hired Agarwal Express Logistics Pvt. Ltd. for my luggage transfer from Noida to Bangalore, for this their Marketing person assured me of best service and utmost care in transferring my luggage. I paid them Rs 51,973/- additional tips of Rs 600/- in Noida and 500/- in Bangalore which their labors demanded. In-spite of their assurance many of my equipment were damaged and 4 of the items are...

Legal rights of Partner of Unregistered Partnership Company

Hi, I request you to kindly help in the situation explained below - A (Me) and B started an unregistered partnership firm(Firm) wayback in 1994 and are equal partners in the firm. Firm owns a building which is rented to a limited Company(Company). Company exists since 1998. Both A and B were promoter directors of the Company till 2011, after which A has resigned from board and there ...

Domestic Consumer Market

I would like to start a very small scale business by sale of packaged powdered spice mix under a sole propreitorship. What are the legal pre-requisites involved in the states of Maharashtra{Mumbai} and Tamil Nadu{Chennai}? I would also like to ensure the name of the brand cannot be copied and want exclusive rights to the product name. I want to register the trademark name of my brand. What is...

Shopping Website Mistransaction

Sir, An Item had been purchased online from a shopping website which was returned after it was found dirty. The money which the shopping site was supposed to return has to be sent in some bank account. This had been a mistake on the buyer's part that the account number where money transaction was processed was typed wrong but the name of the owner of the account was correct. The money to be ...

Reliance billing fraud

I used a Reliance internet connection for 3 months in 2012 in Pune(Maharashtra). I filed a termination request on Date- 2/5/2012 with Request no- 178431812. This is present in their records. After two year of filing the termination request , I am getting this mail from their legal dept. that I have an outstanding bill. At that time I cleared all my bill and filed for the termination req...

Does owning NCDs or OCDs in an SPV grant me ownership in SPVs assets?

Hello, I am looking to purchase a commercial property via Fractional Ownership. There are many online platforms in this space and all of them are following an SPV route where property is registered onto the SPVs name and investors get securities in the SPV. However they are structuring it in a 20:80 ratio or 5:95 ratio where 5% is given as equity and 95% as debentures. They are following a debe...

Help

Hi My name is Dharmesh Khalas. I had account with paypal 6 month ago. My id is: [deleted] . I Provided service to Buyer for 500 AUD . I was to take 1000 AUD from client (AKA SAMARA) . He did not want to pay remaining amount so that's why he refused to give another amount and submitted dispute . At that time I provided all proof around 40 Files whichever paypal allows to submit. I had codding...

fee refund problem

i want to draw your kind attention that i dheeraj kumar pandey take admission in galgotia business school noida date 06-07-12 and withdrawl due to family problem at 13-07-12. i filled witdrawl form and they assure that they will refund fee after one month.but later they refuse to refund . galgotia business school provide pgdm coarse approved by aicte .i wrote many letter to aicte and collage an...

Need advice whether i can go for consumer court

Hi, I want to know whether i can go to consumer court for this issue. Issue: In one of the Honda service center after service my Bike's front tyre, Wheel and Disc has been changed. I have never asked them to make any changes in tyre or wheel, But without any notification they have changed it with a defective tyre and wheel. I didn't find the change when I picked it from the service center. Aft...

fruad transaction happend and bank is not reverting

I have Standard charter bank credit card which your bank has given to me last year Mar-Apr 2013. Since 2nd July 2013, I am living in Japan for office work. So I used my card till that time and paid my outstanding due by next bill cycle. Till that time I was able to access my transaction detail through online. After sometime, I were unable to check my online account and unable to change passwo...

payment crisis issue

I am running a dying factory in gujarat.Lately i am facing huge fund crisis as my buyers/customers are not giving my payments on time and as a result i am not able to pay for the raw materials to the suppliers as per the terms decided while buying goods from him.One particular supplier lodged a complaint(not legal FIR) with the local police station and he had invited both me and the supplier at...

Proprieter of a firm not returning funds & interest due

One of my friends introduced me to one of his acquaintances to start business. After some discussion, I transferred Rs. 5.25 Lakhs to the account he provided based on trust and goodwill, and did not have any terms in writing then. I realized I transferred to his proprietary firm (not the business we wanted to start). Due to reasons we did not align on the business plans to start business and my...

Standard Chartered Blocked Card with not reason

Hello, I am using credit card for years now and never has a situation which stanc has shown me.. stanc card was applied 27-7-2010 used for 2 odd years and in 3rd year even if i was making payment on time there were late charges been applied and after 2 months card got invalidated. I has why and what happen but not answered and said i have complete payment including late charges knowingly t...