rohan singh
05 May 2016 at 15:39
I was working with lic of india and a part of my salary was deducted under defined contribution pension scheme and after 3 years of confirmed employed I have been terminated from my services.now when asking abt nps detais no one is giving me any reply and I havent got any nps details too.am I eligible for the withdrawal of amount which was deducted and if yrs how to get it.
PRASHANT
04 May 2016 at 23:41
Dear.
I want to register a software company.
My plan is to provide web development
,software development service
Computer courses , certificate courses, and computer hardware
All type of tenders relates to computer in govt offices.
So please suggest me.
Ankush Kotwal
02 May 2016 at 11:13
If company stops paying Dearness Allowance suddenly. What can we do?
Pooja
01 May 2016 at 18:57
Please any one can provide me a proper format of Business transfer agreement for intangible assets like goodwill.
details of the agreement.
"A"one company running a classes in which they take only exams for the ssc and hsc but now is transferring there examination pattern and rights to conduct exams to another company.
please its urgent
Shivam goel
01 May 2016 at 01:57
Sir my client is working director in pvt ltd company. He has no shareholding. The company has dues towards PSPCL. Is he liable to pay these dues. Can he be denied new connection in his new firm due to liability of company he is working director in?
Kumud Prasad
29 April 2016 at 13:22
Dear Members,
How will i get to know the merger status of one of the company?
By putting party name i am not able to found the Company?
Rahul Lahiri
28 April 2016 at 13:22
1. Mr X was appointed as Wholetime Director of a Company for a period of 3 years in terms of the applicable provisions of the Companies Act, 2013. His agreement with the company was executed on 01/07/2014 which was valid till 30/06/2017.
2. As per the company’s policy, a person can be in fulltime employment of the company till he attains the age of 58 years. On 28/06/2016, Mr X would be attaining the age of 58 years which entails him to vacate his office. But the he company considering his vast expertise in the concerned industry, wishes to extend his services for a further term of 3 years i.e from 29/06/2016 to 28/06/2019 (his age will be 61 years then) with a new designation as Managing Director of the Company.
3. Now if Mr X will be holding the position as Managing Director of the company on remuneration.
4. He is further proposed to act as Managing Director in another associate company, wherein he will be getting remuneration.
Now our query is as below:
Query 1. Had Mr X continued to be the Wholetime Director of the Company, he would have been eligible for PF, Gratuity, leave encashment and other benefits as applicable to the general employees of the company. But in case his extension of service is not made as an employee but a contractual retainer - will it restrict him from getting the benefits of employment viz. PF, Gratuity, leave encashment and other benefits as applicable to the general employees of the company? As we understand, PF he can continue even after 58 years, but not the pension fund.
Query 2. As per the definition of Wholetime Director in the Companies Act 2013 – a Wholetime Director shall include a director who is in whole time employment of the company. Now if Mr X continues to be in fulltime employment of the company as a Managing Director- he may be deemed to be the Wholetime Director of the company. Again, if he wishes to be a Managing Director in another associate company, on remuneration- whether there is any legal impediment restricting him from doing so? As the companies act clearly mentions that a person cannot be a wholetime director in more than one company. It is mention worthy here that a person can hold the position of Managing Director in two companies.
Plz give your expert Legal views.
Dinesh Tayal
27 April 2016 at 22:17
Dear Sir
i want to ask about a scheme in which we collect some amount like 500-1000 online and we organize a lucky draw on specific date. all winners got some prizes of higer amount like 5000-10000 per winner and another peoples we paid money back afer some time.
kindly guide this is legal or not and which authority i need to registration.
Dinesh Tayal
Delhi
anil kumr
26 April 2016 at 16:49
Can anyone explains the exact meaning of F.O.R Destination price basis. Under this term who bear the freight charges? If it by the purchaser, can it be paid after receipt of material at the destination ? Or the buyer is supposed to pay it prior to dispatch?
Kindly advise appropriately.
© 2024 LAWyersclubindia.com. Let us grow stronger by mutual exchange of knowledge.
Termination of contract
Background:
Government has awarded a contract to a company for construction of flyovers.
The contract comprised of various part.
In one part it was alleged there the progress was not satisfactory. However in the major part it was the government who failed to provide the land for construction.
Can gov take action of termination of contract which consists of major part where its obligations are not fulfilled and the work suffered ion minor part because of gov delay.
Any supporting judgment