SANJAY SINGH
04 January 2018 at 04:49
Respected Sir/Madam,
Undersigned found that in Works and Service Contracts a contract agreement is signed on Non Judicial Stamp Paper of Rs. 100.
As per contract law intimating the offerer about acceptance of his/her offer is sufficient to form a contract then why there is prevalent practice of signing contract agreement on Non Judicial Stamp Paper.
Further, the value of the non judicial stamp paper is not linked with the value of the contract. Do The India stamp act or any other act calls for such requirement ?
Further, it is also said that the Indian stamp paper should be of the state where work/service is to be executed, so in cases where work/service is going on in multiple states, the agreement will be required to be signed on non-judicial stamp paper of all the states.
Please help clarifying the queries.
Thanking you in advance.
tanvi goyal
03 January 2018 at 12:55
Suppose the market price of shares is 1500/- , can we issue right share at the par price that is 10/-
Is there Is any limit on the maximum difference between the market price an d right issue price if shares ??
Anonymous
02 January 2018 at 08:51
Dear Sir/ Madam,
On 24th July, I joined a startup company in kolkata. Initially they promised good career benefits which impressed me to work well in the company. However the company made me sit ideal for around 1.5 months without any work and lots of meetings without any agenda. Later they had a project which I worked as a process lead. The CEO of the company asked my team to sell call center voip minutes by calling small bpo all over India. They asked my team to call customers from our own mobile phone to which I refused that we wont call anyone from our personal number. They didnt even had the ISP and OSP license which is required to sell call center Voip minutes. I was getting mentally harrassed by the company CEO and Chairman to start calling from our own phones. On the other side my teammates were scared as it was turning out to be a wrong process. I decided to come out of it and resigned on 6th Oct 2017 but the CEO after discussion didnt accept the resignation. Unfortunately I sent the mail to ceo abd hr team from my official mail id and didnt keep a copy of the letter with me. I tried to give a week more to the company to see what happens but things were getting worse. I left the company without informing anyone as it was hampering my mental peace and my family aswell. After a week I met the Chairman at his office and informed him that I dont want to continue and left. After 2.5 months the company has sent me a letter stating that I have 5000 data of the company in my custody and return it else they would take legal action. They have sent similar email to all the senior employess whi have left the organisation even though employees left with proper notice and clearance certificate. The letter that the hr team has sent me doesnt hold any signature or company stamp neither the ceo or chaurman is marked. Please advise what action do I take and what reply do I give to them.
Thank you.
Yours faithfully
Subhankar Saha
Vijayalakshmi
30 December 2017 at 17:09
I am providing the details regarding the FDR invested with one of the private firm named Jindal Cotex Ltd.
The amount invested is for Rs 30,000/- dated 14-12-2011 and maturity amount was to be 43,400 with maturity date 13/12/2014. When we tried to contact these people, we are unable to do so as the given number on the printed document was out of service or not available.
To our heavy efforts and repeated contact at last we had a word with them on March 2016 over the phone the executive at the office picked up and said that we will receive the money in three installment in three years in 2017,2018,and 2019.
The amount details with dates is as follows:-
1.) 18,128 13-12-2017
2) 19471 13-12-2018
3.) 20813 13-12-2019
When we are contacting them now at the given numbers, the IVR tells the number's are temporarily out of service as the first payment details is nearing the given date.The registered office is situated at Ludiana
Their address and contact number is as follows:-
Jindal Cotex Ltd.
VPO JUGIANA,
G.T. ROAD,
LUDHIANA-141420
TEL:- 0161 2511840-42 fax;-91 0161 2511843.
Please have a look at it and let us know if you need any other details,as I provided the maximum available detail. You can contact my mother at ,09421692335,08669869533,09823288393.
regards
vijayalakshmi
vipinfo
30 December 2017 at 14:45
I presented a cheque to my bank which has been dishonoured and the reason mentioned in the memo is eKYC await - present again.
As far as I have read, this reason is not mentioned in the list issued by R.B.I for returning the cheque and bank should have mentioned a more valid reason to return the cheque.
Also the sender of the cheque has corporate account so I dont think bank can freeze his account and return the cheque just because KYC is not updated.
Also Is it a valid reason (eKYC await - present again) to initiate legal proceedings against the person who gave me this cheque?
Vipul
28 December 2017 at 12:55
Hi all sir/ madams
I m vipul , my father had taken mortgage loan cc from bank after some time my father was expired and due to some financial problems we could not pay due amount to bank , now bank have classified as a npa and sent us notice u/s 13(2) of sarfesi act 2002
Please suggest what remedy are available for us
And any relief available after the death of borrower
Thanks in advanced
Arvind Nishad
27 December 2017 at 15:04
Please advise me on below point
I want to start a company\Firm\Membership club (Not sure what it need to be called) who will take the investment from people and return fix monthly income. Returns can be from 1% -5% monthly.
Investor fund will be invested in Share market, Crypto Currency, Real state, Film industry, Short term Personal Laon to individuals.
What are the legal formalities required to setup such company?
Is it allowed In India to take investment and guarantee fix income legally?
Does this type of company setup will conflict with Interest of RBI
What are the licenses required from RBI OR Government and what will be expected cost?
In Account book in what category the fund need to be shown e.g. capital investment, Membership, Loan?
Anonymous
24 December 2017 at 21:02
I would like to know that what are the benefits of resigned director. like shares, Assets & others....
Am working with PVT LTD Co. with six directors and am one of them .Company is dealing with service segment. Now due to some personal issue am going to tendered resigned from my position. Please advise me what should be the step taken in this regards.
Anonymous
23 December 2017 at 14:39
I am working in a PSB(UNION BANK) for 18 months now and want to resign to do higher studies. I get to be a confirmed employee in another 6 months but also need to join the course in the same time which is my dream. The bond term is of 36 months and the bond amount is 2 Lacs Rupees. Do I need to repay the full amount or if possible something lesser? Kindly help me out.
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Employers fooling around
Hi,
I need your help in solving my current situation. I work for ABC company but my payroll company is 123. I have signed a bond of 1 year which says that I need to serve the ABC company for 1 year & if I resign before that, I will have to pay 50k against the bond. The probation period from 123 company is 3 months & I have succesfully completed my probation. (I'm a female employee).
The issue is, I had applied for 5 days of leaves one month back to my ABC manager (8 days in total including weekend). My manager approved only for 2 days & rejected for 3 days. So I personally requested him a lot & his manager to approve all the leaves as they were important to me since I had to travel. He did not agree. So I had no choice, but take sick leaves for 2 days. I was resuming to work for the 3rd day and raised transport request. I later came to know that my transport request requires my ABC manager's approval, only then they can provide me cab. I was confused as to what happened suddenly. Then I received an SMS from my 123 manager asking me to cancel my cab & not attend office the next day as he wanted to discuss something with me before I resume to work. I followed his instructions & cancelled my cab & texted my ABC manager that I have cancelled my cab & not going to attend work because my 123 manager asked me not to.
The next day, I received a call from the 123 HR saying that she has received a feedback mail from ABC manager saying that I have behavioral issues/nonperformance issues/taken unapproved leaves, hence I should not attend office until I'm instructed to. So I really got tensed & asked the HR if my ABC manager has provided any evidence or proof against any of the above mentioned allegations. She said, she received it. I asked her to share with me as I don't feel from any angle that I have done anything wrong. She did not provide me anything.
Later I received an email warning from the 123 HR saying that I have behavioral issues/nonperformance issues/taken unapproved leaves & that mail should be considered as a warning mail. I really really got annoyed & replied back asking for proof and evidence for these allegations as I found it totally false & baseless. I also mentioned in the email that I am mentally too frustrated and stressed because of all the things happening at work & requested them to disregard that bond so that I can resign & move out. Again I did not receive any reply to that.
The next day, I received a call from the 123 HR saying that my bond will be disregarded & I can send the resignation asap so that my F&F settlement money can be processed asap. They had kept my salary on hold because they wanted to pay it as my F&F. I told them that I will not resign since I had mentioned that under mental pressure & I din't really mean I would resign. I am willing to work since I find the job profile interesting & challenging for my professional growth. But they went on calling me & texting me & pressurising me to resign & hand over the ABC company's assets (laptop) to the company asap. I did not agree to resign. I also mentioned that I dont think I have done anything wrong , so I wont resign. If they still feel I should go, then they can fire me with appropriate proofs of my wrong doings (which I was sure, they wouldn't find anything, because I never did anything wrong).
But they are not firing me, nor they provided any evidence against the allegations made.
Since I was banned from going to office, I respected that ban and stayed at home for 3 working days. I thought, maybe they'll update me on joining back but nothing happened. So I decided to resume to office myself & I went to office & realised that my access card to enter office got banned. After investigation from the security, I came to know that my ABC manager has sent an email request to deactivate my access card & that is on hold. I immediately sent an SMS & mail to my ABC manager saying that I'm outside office & my access card is banned. He dint care to reply. Then after a while, I received a call from 123 HR saying that you are banned from going to office that's why they have banned your access card. I told the HR, there is no such email communication from anyone on my 'BAN' period, so I came to office to resume to work. This is how they started forcing me to resign.
I have many proofs and email communications on how unprofessional the 123 HRs are because I had to follow up many times to get my medical insurance. For 4 months, I had to continuosly remind them that I need it at any cost. I also have proofs against my ABC manager on how unsupportive he was whenever I raised concerns. How he ignored my queries. Both ABC manager & 123 manager told me to be prepared for night shifts which wasn't at all discussed during my hiring initially nor was it mentioned in my offer letter. They did not mention anything about working at night. My ABC manager was also against about providing me night shift allowance which I had to fight for 2.5 months. I agreed to work for night shift provided that they provide me night shift allowance/cab/30% hike since I wasn't informed on these timings during my interview sessions. After a lot of fight, they agreed to provide me night shift allowance + cab facility, but they did not agree to provide me 30% hike. They turned the tables around & said that they will decide on the hike after me completing 6 months of employment.
Another point here is, my initial logout timings were 8:30pm and I was not provided a transport for those timings. It was really difficult to ride my bike for 30kms to & fro specially in rainy season where there was heavy traffic & I reached home about 2-2.5 hours late everyday.
So here, I need help as to what I can do? Because I really really dont want to resign as I love my job profile.
Thanks