Non-Receipt of Brokerage for Rental Proerty
Querist :
Anonymous
(Querist) 28 January 2010
This query is : Resolved
Respected Sir,
On 1/12/2006,one of the Leading Stock Broking Company has taken Borivali (Mumbai)Office on a Monthly rent of Rs.55,000/- for a period of 3 years. AS the said deal has done through me, the said Broking Company has paid me a Brokerage of Rs.55,000/- (one month rent)and agrees to pay the one month in case of the renewals of the agreement, if renewals take place. The said terms of renewal Brokerage has been put in writting on my Letter Head which has been duly acknowledged by the signature of Executive Vice-President of the company along with the Rubber Stamp of the company. The said Executive Vice President is now not associated with the company. After a period of 3 years,i.e. on 1/12/2009, the said Broking Company has renewed the same premises at a Monthly Brokerage of Rs.70000/- app. without paying any Brokerage to me. In reply to my several E-mails and one letter to the senior management of the company, they completely denied to pay me any Brokerage amount as agreed upon during December'06. The said company is listed on the Stock Exchanges (BSE/NSE).
Sir, please advise me on the matter.
Thanks & Regards,
Girish Vaghani.
Borivali-Mumbai.
Mob: 9819404142.
A V Vishal
(Expert) 28 January 2010
Serve legal notice on the company and file a suit for recovery of your brokerage. It is immaterial whether the V P is continuing or not, the company has a perpetual succession and it is bound by the acts of its officers.
Querist :
Anonymous
(Querist) 28 January 2010
Sir, but company Management refuse the same on the ground that the signature of their VP and Rubber Stamp of the company on my letter Dt.1/12/2006, is only an acknowledgement for the receipt of the letter and it does not mean that ' we have accepted it's contents'. I have received a letter from the company on 11/01/2010 informing me the above.
Though the company has not inform me about the refusal of any of the contents of the letter till now i.e. at the time of the renewal of the agreement.
Guest
(Expert) 30 January 2010
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