Ravi
13 October 2017 at 20:47
Paid up capital 1 lakh
2 directors
Revenue = zero(since corporation)
Directors remuneration =zero(no contract)
Are directors employee of the company??
Sheena
13 October 2017 at 11:06
Hi,
I am working with the bank and I am on my 3 months notice period and I have served 1.5 months of notice period already ..during my notice period I injured my ankle when I was leaving from work and inspite of my bank being accommodating my boss started menatally harrasing me and when told this to Hr they were of no help either..I coudnt take hr yelling at me so I left work dropping an email that they should get in touch with me on my personal email..I no longer wish to go to work I am highly disturbed also with my injured feet it is difficult for me to continue my services there..what can I do to get early relieving?
Deepak Pallad
12 October 2017 at 19:39
Respected sir
I have signed a bond of six month with a contractor by signing on his letterhead and by submitting by original document. Within 2 months I got a job in govt sector on a 3rd party pay roll. So I left my contact job. And 4 days before leaving I went to my owner and told him regarding same. He scolded me and told that he won't give my 2 months payment and my document till I hand over the job any other supervisor. Next day I handed over to other supervisor and again I went to meet my boss and at time he told he won't the job to b handed to that supervisor and gave the name of three other supervisors. Now he want me to hand over the job to all the three supervisors and these three supervisors are not ready to come with me. Every day any one among the three supervisors are giving escuses and they are not coming with me to clear my document and payment. I feel that the owner he himself would have told the supervisors to ignore me. And the owner is not at all listening my words. I want my document and my payment both. My father is an auto driver so I can't effort losing my 30k salary. Plz suggest me sir what should I do.
need ur help
10 October 2017 at 14:33
hello sir
i worked in BPCL as technician basic pay 5500(prerevised scale), later i joined ONGC through proper channel by taking NOC while applying for the post of technician, at pay scale of 12000(revised scale) but after pay revision in BPCL my basic pay risen to 16000.can i entitled for basic pay protection in ONGC, both are psu.and im working at same grades. please provide any reference for pay protection of non executives in PSU.
Anonymous
10 October 2017 at 04:45
I had filed a complaint in MCA and also filed a case in NCLT against a company for fraud and forgery , the MCA has issued letter initiating proceedings under 206(4) against the company. should I withdraw the NCLT case?
seema sharma
09 October 2017 at 20:06
Sir,
Is it legal to charge interest on outstanding interest on personal loan on monthly basis.
Please guide.
Thanks
Jim
09 October 2017 at 19:20
Sir, I joined a company which had a 3 years bond period. I served there for a Month.
As I was getting a better opportunity elsewhere , I submitted my resignation letter at the company and paid the contractual amount as per the bond.
However, the company is not giving acceptance to my resignation letter, not giving experience and relieving certificate.
My new company is asking for relieving certificate but my old company is saying they don't give relieving certificate for a month old employee. I have been requestingYour since days to my company to release my documents and provide certificate but to no avail.
Requesting your advice.
Anonymous
07 October 2017 at 00:58
Please explain what is the difference between Official Liquidator of Company as specified in Sec 349 of the Act and Company Liquidator as specified in Sec 350 of the Act?
Anonymous
05 October 2017 at 18:07
Sir, because of health reasons i had to quit my job without serving notice period. Now they are demanding recovery amount. I had properly reported my issue to my managers though. What should i do
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Closure of Bank Guarantee facility
We are doing business of civil contracts with various govt organisations whereby we have submitted them Bank Guarantees (BGs) issued by our existing bank �X�. Bank X is a scheduled Co-operative Bank, who has sanctioned us a bank Guarantee facility. We have availed BGs for submission to various beneficiaries- govt organisations (within the frame of available sanction). Some of our clients- govt organisations do not accept BGs issued by Scheduled Co-operative banks due to their internal norms/ guidelines. Hence, our existing bank X was generally approaching a Nationalised Bank for the BG issuance. This caused lots of trouble such as high BG commission payment and delay in availing the BG. However, now various BGs (including those issued by bank X and some by Nationalised banks through bank X) are valid for a period ranging up to maximum 11 years (as per the requirement of that particular beneficiary). We decided to close down the availed BG facility with bank X to avoid the inconvenience caused to us and also because other bank �Y� is ready to provide BGs at lower BG commissions. Bank Y is a Scheduled Commercial bank, which is acceptable by our clients- govt organisation for BG. Bank Y has sanctioned us the BG facility as per our requirement and agreed to provide a Counter BG to Bank X for the maximum period of presently valid/ outstanding BGs. Bank Y has enlisted all the BGs presently valid (issued by/ through bank X) and issued a Counter BG for the total amount of valid BGs for the maximum BG validity period Plus 1 month additional as Claim period. Now, Bank X is resisting our application for closure of BG facility by demanding 100% deposits against all BGs valid beyond 3 years from now; whereas bank Y is ready with Counter BG of the complete BGs outstanding. Bank Y has quoted �RBI Master Circular on Guarantees and Co-Acceptances DBR. No. Dir. BC.11/13.03.00/2015-16 dated July 01, 2015 Para No. 2.4.2 regarding Restrictions on Inter-Institutional Guarantees� to support their stand over provision of Counter BG to a bank. Bank X is stating that there is no directive making acceptance of Counter BG a necessary aspect for their bank.
Alternately, Bank X has allowed the replacement of their BG with a freshly issued BG of Bank Y directly with the respective beneficiary- govt organisations. This procedure may not be acceptable to certain beneficiary considering that BG is part of our agreement with the govt organisation. Secondly, this will require spending for payment towards BG commission (now to bank Y), stamp duty over the BG amount and also deposition of a margin security deposit. Bank Y has conveyed that although they can issue a Counter BG to Bank X, they cannot issue unsecured BGs directly to our clients on our behalf. Hence the procedure of replacing the BGs directly with the beneficiary is not acceptable to us.
Presently, it is already been nearly 2 months from our first request to bank X for closure of bank Guarantee facility. We have requested bank X to accept the Counter BG for the complete amount of outstanding BGs and simultaneously release our marginal deposits (for appropriate deposition further, with bank Y) and finally, release of our property mortgage (for appropriate deposition with bank Y). Bank X is not willing to accept Counter BG and we are helpless because our requirement of fresh BGs is held up. This is causing losses to us due to delay in the transition from one bank to another. Please provide valuable tips in the matter.