Sunil
09 November 2017 at 21:44
During apply for govt job if there is no need for experience certificate ..
Should i mention my post experience if i am removed from service...
brabourne
06 November 2017 at 23:16
So, I have been working at a small technology company since two years now.
For the 1st year i received training(Cost from my Salary 1.5lacs) and worked at the same company..
For the 2nd year i was outsourced to a bigger company.
The SLA is of 3 years and consequences are an amount of 1.5 lacs.
The non compete states that i cannot join their client.
Will it be against the companies agreement if i leave to join the bigger company (although i am paying the service agreement amount and i have no trade secrets of the company).
Ravi Jindal
02 November 2017 at 17:16
We are running a company and this company owns a successful brand.
Recently, some development happened with another company working in same domain. We mutually discussed on our future perspectives if we go ahead with partnership.They offered us following things
1. They will work as technology partner of our company (tilll now we are outsourcing technology) and invest Rs. 1 Crore in next 1 year as strategic investment. In return they don't want equity in the company they want to co own the successful brand.
2. They want 51% ownership of the brand, its IPR and right to decide.
3. They will deduct their investment on monthly basis, means they will get the profit(if any) and investment also from the revenue.
4. They have the right to terminate the agreement but we don't.
5. If in any case any party want to leave the brand, second party will automatically become the owner of that brand.
There are many more such clauses which are inclined toward that company and its like that they want to own everything in return they will provide technological assistance with investment.
I want your guidance regarding this
Anonymous
01 November 2017 at 17:22
We are running a company and this company owns a successful brand.
Recently, some development happened with another company working in same domain. We mutually discussed on our future perspectives if we go ahead with partnership.They offered us following things
1. They will work as technology partner of our company and invest Rs. 1 Crore in next 1 year as strategic investment. In return they don't want equity in the company they want to co own the successful brand.
2. They want 51% ownership of the brand, its IPR and right to decide.
3. They will deduct their investment on monthly basis, means they will get the profit(if any) and investment also from the revenue.
4. They have the right to terminate the agreement but we don't.
5. If in any case any party want to leave the brand, second party will automatically become the owner of that brand.
There are many more such clauses which are inclined toward that company.
I want your guidance regarding this.
Ramesh
17 October 2017 at 00:18
Hi Sir,
I joined in a MNC company on 10 Aug 2017, after 15 day I came out with out working my notice period. No one asked me about notice period at that time, I handed over ID card ,informed manager properly and took network admin approvals all done legally. But now the financial HR send me a notice (Hard copy), In that notice they asked me to do the final settlement ( 3 months salary) before 20 Oct 2017 other wise the company shall initiate legal proceedings/action against me. I did not taken even one month salary and at that time of revealing no one asked me to serve the notice period. Can I serve notice period now instead of paying the money.
Could you please send me any suggestions for this issue.
Thanks,
Ramesh
Ajay
13 October 2017 at 23:48
We are doing business of civil contracts with various govt organisations whereby we have submitted them Bank Guarantees (BGs) issued by our existing bank �X�. Bank X is a scheduled Co-operative Bank, who has sanctioned us a bank Guarantee facility. We have availed BGs for submission to various beneficiaries- govt organisations (within the frame of available sanction). Some of our clients- govt organisations do not accept BGs issued by Scheduled Co-operative banks due to their internal norms/ guidelines. Hence, our existing bank X was generally approaching a Nationalised Bank for the BG issuance. This caused lots of trouble such as high BG commission payment and delay in availing the BG. However, now various BGs (including those issued by bank X and some by Nationalised banks through bank X) are valid for a period ranging up to maximum 11 years (as per the requirement of that particular beneficiary). We decided to close down the availed BG facility with bank X to avoid the inconvenience caused to us and also because other bank �Y� is ready to provide BGs at lower BG commissions. Bank Y is a Scheduled Commercial bank, which is acceptable by our clients- govt organisation for BG. Bank Y has sanctioned us the BG facility as per our requirement and agreed to provide a Counter BG to Bank X for the maximum period of presently valid/ outstanding BGs. Bank Y has enlisted all the BGs presently valid (issued by/ through bank X) and issued a Counter BG for the total amount of valid BGs for the maximum BG validity period Plus 1 month additional as Claim period. Now, Bank X is resisting our application for closure of BG facility by demanding 100% deposits against all BGs valid beyond 3 years from now; whereas bank Y is ready with Counter BG of the complete BGs outstanding. Bank Y has quoted �RBI Master Circular on Guarantees and Co-Acceptances DBR. No. Dir. BC.11/13.03.00/2015-16 dated July 01, 2015 Para No. 2.4.2 regarding Restrictions on Inter-Institutional Guarantees� to support their stand over provision of Counter BG to a bank. Bank X is stating that there is no directive making acceptance of Counter BG a necessary aspect for their bank.
Alternately, Bank X has allowed the replacement of their BG with a freshly issued BG of Bank Y directly with the respective beneficiary- govt organisations. This procedure may not be acceptable to certain beneficiary considering that BG is part of our agreement with the govt organisation. Secondly, this will require spending for payment towards BG commission (now to bank Y), stamp duty over the BG amount and also deposition of a margin security deposit. Bank Y has conveyed that although they can issue a Counter BG to Bank X, they cannot issue unsecured BGs directly to our clients on our behalf. Hence the procedure of replacing the BGs directly with the beneficiary is not acceptable to us.
Presently, it is already been nearly 2 months from our first request to bank X for closure of bank Guarantee facility. We have requested bank X to accept the Counter BG for the complete amount of outstanding BGs and simultaneously release our marginal deposits (for appropriate deposition further, with bank Y) and finally, release of our property mortgage (for appropriate deposition with bank Y). Bank X is not willing to accept Counter BG and we are helpless because our requirement of fresh BGs is held up. This is causing losses to us due to delay in the transition from one bank to another. Please provide valuable tips in the matter.
Ravi
13 October 2017 at 20:47
Paid up capital 1 lakh
2 directors
Revenue = zero(since corporation)
Directors remuneration =zero(no contract)
Are directors employee of the company??
Sheena
13 October 2017 at 11:06
Hi,
I am working with the bank and I am on my 3 months notice period and I have served 1.5 months of notice period already ..during my notice period I injured my ankle when I was leaving from work and inspite of my bank being accommodating my boss started menatally harrasing me and when told this to Hr they were of no help either..I coudnt take hr yelling at me so I left work dropping an email that they should get in touch with me on my personal email..I no longer wish to go to work I am highly disturbed also with my injured feet it is difficult for me to continue my services there..what can I do to get early relieving?
Deepak Pallad
12 October 2017 at 19:39
Respected sir
I have signed a bond of six month with a contractor by signing on his letterhead and by submitting by original document. Within 2 months I got a job in govt sector on a 3rd party pay roll. So I left my contact job. And 4 days before leaving I went to my owner and told him regarding same. He scolded me and told that he won't give my 2 months payment and my document till I hand over the job any other supervisor. Next day I handed over to other supervisor and again I went to meet my boss and at time he told he won't the job to b handed to that supervisor and gave the name of three other supervisors. Now he want me to hand over the job to all the three supervisors and these three supervisors are not ready to come with me. Every day any one among the three supervisors are giving escuses and they are not coming with me to clear my document and payment. I feel that the owner he himself would have told the supervisors to ignore me. And the owner is not at all listening my words. I want my document and my payment both. My father is an auto driver so I can't effort losing my 30k salary. Plz suggest me sir what should I do.
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Insurance commission not received for 2 months
HI I HAVE A INSURANCE AGENCY IN GENERAL INSURANCE "PSU" COMPANY. SINCE AUGUST 2017 THE COMPANY HAVE NOT RELEASE MY COMMISSION. AFTER FOLLOW UP SO MANY TIMES THE NASER IS THERE IS A IT PROBLEM. BUT TILL NOW NO RESULT FOUND. I HAD COMPLAINT FOR THAT IN REGIONAL OFFICE BUT THEY ARE LINGERING MY PROBLEM. BEFORE A WEEK I COMPLAINT I HEAD OFFICE BUT NO ANSWER FROM THEIR SIDE ALSO. PLEASE SUGGEST WHERE TO COMPLAINT FOR THE SAME AND WHAT TO DO?
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