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Jayanta Bandyopadhyay   05 September 2021 at 07:42

Decoupling ld, credit note in letter of credit

One foreign supplier accepts liquidated damage clause in PO but not in LC. Does ucp, fema, banking regulation permit exclusion of such arrangement from lc and settlement outside lc
Please guide
Jayanta Bandyopadhysy
5.9.21

Rana Amarjit Singh   05 September 2021 at 07:11

Validiation if sale deed

Sir
A person was authorized by board resolution of Pvt, Ltd. Company having real estate business to execute any documents regarding sale of a partucular plot. That person entered into sale agreement with other person, recived consideration on behalf of company and issued special power of attorney to that person. The person to whom power of attorney was issued executed a sale deed and consideration received was squared off against amount already paid to company. Now please determine if sale deed is valid. If invalid then can it be validiated by adopting through board resolution.

Anonymous   04 September 2021 at 18:10

Ratification of sale deed

Sir
Can board of directors of company having real estate business can ratify and adopt sale deed done previously of company property

Anonymous   31 August 2021 at 22:03

Corporate employee advice

Hello

I was working in a toxic work situation and finally comlained about my manager to the company I'm working in for the duration of my employment. After the investigation, the outcome communicated to me was "your claims of harrasment are not substantiated. Corrective action is taken for your manager." Rest all is confidential. If claims are not substantiated why was corrective action taken? Soon after my manager was demoted.

However they put me on PIP (performance improvement plan) for my performance in the same duration. I was harassed and had to go on mental health leave due to the experience which the company had approved. But on returning they have put me on a PIP for performance that time.

They had offered me severance option that time. After going through all this after returning to work from leave, I have asked them to explore severance option. But they have said that the PIP will continue till the conversation on severance happen.

I don't want to accept the unfair PIP but they are forcing me to. I have raised that PIP is based on a time when I was harassed and had to go on medical leave due to the experience. But I'm still being forced. I want to explore the severance and leave as soon as possible. And not be at work , work on the PIP while we discuss that to protect my mental health.

Please advice.

Anonymous   17 August 2021 at 23:11

It companies severance pay

Does private companies like MNCs (Employers) esp in Hyderabad have any legal obligation to pay severance package to their terminated employees in the name of organization strategies ? Or how to protect/defend or what laws are there for the pvt employees being removed from service without any severance pay ?

SRI DATTA   17 August 2021 at 10:37

Jointly holding share holders claims query

Hello Sir, Myself Datta,

My father(B) has to 2 brother(A, C), who jointly held 1000 share in a Company (lets say M/s S pvt ltd), after the death of both the brothers(A, C) My father B has claimed the Share in the Company S, later my father also expired, before his death he has been issues bonus shares of another 500 with exclusively in his name in the share certificate. where as old shares certificate(for 1000) has been issued jointly in A,B,C names.

Now the Company S tells me to apply for succession certificate, so to claim the shares, how many shares am i entitled to , if in case i have a probate of will how may will i get

Thanks in advance

rahul p   16 August 2021 at 12:26

Notice period

Hi,

Currently, I am working in an IT firm, Bangalore. I got a new offer from another company and I put my resignation 4 days back. My notice period is 90 days with a clause of "Enforcement the option of notice period upon management". Still, now I am not getting any acceptance email from the HR department. Other than this clause nothing is mentioned in the offer letter.

Date of submission: 13-Aug

1. Can my current employer make extend or delay my notice period from my date of submission?. (If extends It impact on my next organization for joining)
2. Is the notice period calculates from the date of submission or the date of acceptance by HR?

Can you please help me with this?

Shalin Shah   08 August 2021 at 22:33

International payment

Thanks for your reply to all senior lawyers. In fact, Today my customer from Dubai has send me an email threatening to send me legal notice. He send email by making comments to recover the advance amount 60% as he wants to void the PO. My question: Can a party from Dubai send me legal notice for recuperate his money ? I have PO from him mentioning payment terms 60 advance /40 before dispatch and Proforma Invoice from me mentioning same. we do not have any other contract signed.
What can be done in this matter from me now from India ? Can I send him mental harassment and cheating and fraud notice ?

Anonymous   08 August 2021 at 17:15

Can company change the notice period post resignation?

As per the appointment later I must serve the notice period of two months, I resign with agreed notice period. The company is not ready to relieve me as well as pressuring to withdraw my resignation. I have the inside news that management is thinking to increase my notice period by three months.

They are threatening me for financial liability if any raises in future and mentally harassing me because two more employees also resigned in same week and company applying the conspiracy theory on us when we all are going in different organization and roll.

In case I/we complete the notice period for that scenario they are preparing the other legal documents apart from appointment letter wherein they have already mentioned everything in detail in 15 pages.

Shalin Shah   08 August 2021 at 15:41

International payment

We deal with one company in Dubai. They raised us Purchase order for our products. The payment terms are 60% advance and 40% before dispatch. They released 60% . we manufacture machines. Now not releasing 40% and threatening to go to International court to get earlier 60% back.
Please suggest.


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