Delayed payment
prawin yadav
(Querist) 10 December 2013
This query is : Resolved
D/sir,
I have been a recovery agent for a nationalised bank.i had a agreement which mentioned my scope of work and the commission payable to me.I was assigned few cases for recovery,and the cases were solved and recovery affected.the bank manager is not paying the commision saying that commision is too much,and that I have not done any work.i have registered my firm in DIC under Industrial Cosultancy category,can i avail the benefit of delayed payment act ?
Kumar Doab
(Expert) 10 December 2013
What is DIC?
What do you mean by” DIC under Industrial Cosultancy category”
You may elaborate for better understanding of the query.
However if you are MSME, you may refer to:
THE MICRO, SMALL AND MEDIUM ENTERPRISES DEVELOPMENT ACT, 2006
No. 27 OF 2006
CHAPTER V
DELAYED PAYMENTS TO MICRO AND SMALL ENTERPRISES
15. Where any supplier supplies any goods or renders any services to any buyer, the buyer shall make payment therefore on or before the date agreed upon between him and the supplier in writing or, where there is no agreement in this behalf, before the appointed day: Provided that in no case the period agreed upon between the supplier and the buyer in writing shall exceed forty-five days from the day of acceptance or the day of deemed acceptance.
Rajendra K Goyal
(Expert) 10 December 2013
Do you mean DIC as District Industries Center.
Whether any rate of commission and assignment of work is written.
Send legal notice claiming the commission. Send copy of the legal notice to Head Office of the Bank.
Kumar Doab
(Expert) 10 December 2013
You have posted that:
“i had a agreement which mentioned my scope of work and the commission payable to me.”
Agreed with Shri Rajendra K Goyal and you should submit a representation/legal notice to the BM and Chairman’s office of the bank, along with copy of your bill submitted to BM.
