LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

sreenath p   11 July 2024 at 19:04

Retrospective effect to loan agreement

Dear Experts,

I have a query regarding the execution of a supplementary agreement. One of my clients executed a loan agreement dated 10.05.2024. Subsequently, during the due diligence process, an error was identified in the original agreement. Is it possible to correct the mistake by executing a supplementary agreement, giving it retrospective effect from the original date of the agreement?

Amit   25 June 2024 at 22:40

Ucc 1 financing statement

If Someone has filed a UCC 1 lien on the basis of Shareholding agreement signed 10 years ago and then has filed a UCC 3 to withdraw the same. Can he after 25 days stake the same claim in another UCC 1 lien?

Anonymous   17 June 2024 at 15:58

Liability of bank account introducer

I need to know about the Liability of Bank account's introducer.if any judgement on this issue in Bangladesh supreme court need the know.

Anonymous   14 June 2024 at 12:39

Ucc 1 financing statement

Need a lawyer in Mumbai to challenge a UCC-1 financing statement

Vaishali Manjrekar   03 June 2024 at 23:27

Section 154 for inspection of document

Can you tell me if a committee member want a inspection of society office , what kind of documents he can allowed.
under MCS act 1960 which section he can see all documents.

Anonymous   12 May 2024 at 03:35

Performance improvement plan


I am working for one of the Big 4 firms, my yearly target was 1.33cr. In a span of 10 months I was able to achieve only 40lakhs. For the rest 2 months I was kept under PIP and was given a target of 60 lakhs.
I had managed to deliver 45 lakhs in this duration.
My question is, is it logical/reasonable to give 60lkhs target in 2 months to an employee who has achieved 40 lakhs in 10 months?

Amit   09 May 2024 at 17:07

Ucc 1 financing statement

Will look up with local lawyer
Thanks for replying

Anonymous   08 May 2024 at 11:56

Partnership firm

We have partnership firm we need to merge with another private ltd company
1.with no tax or with minimal tax
2.what are the procedures to be followed
3. which is the best alternative
i) converting the firm into a pvt td company
ii) purchasing assets and liabilities of the partnership firm

Anonymous   07 April 2024 at 09:32

Employe termination

I am currently employed as a senior software engineer at Software Company located in Bangalore, Karnataka. I joined the company on July 25th, 2022.
In August 2023, I encountered a challenging situation wherein my previous manager exerted pressure on me to seek alternative employment, Suggesting the possibility of issuing a negative termination letter if I did not comply.. I submitted a resignation email, which I later withdrew.
Subsequently, in January 2024, I shifted to a new project within the organization. However, in March 2024, the departmental manager indicated the forthcoming initiation of a Performance Improvement Plan (PIP), without specifying a precise commencement date and procedure.
On April 3rd, 2024, I was summoned by both the Human Resources department and my immediate manager for a meeting. During this meeting, I was pressured to submit a voluntary resignation, citing role redundancy and the company's financial constraints. In the meeting, HR asked me to convey my decision of resignation before 20 April 2024. HR told that if terminated , company will not pay notice period. In case of voluntary resignation, two months salary will be paid.
According to contract either party can terminate the employment by giving 2 months notice. In case company will not pay 2 months notice in case of termination, Could I approach court?

Sunita Pachpute   25 March 2024 at 19:58

Parking deposit collect by society is legal

Our society has collect parking amount form us and saying now it is non-refundable because building is going under redevelopment. Now we have to purchase new parking. IT has been also observed parking amount collected by us is transferred to secretary's own account. What can be done in this case to get refund back