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Elix   21 June 2019 at 12:47

Bonus component of salary on resignation

Dear Experts,

In my appointment letter, the bonus component is mentioned as 20% of basic and is included in the CTC. I have resgined from the job after completion of one year and for the full and final settlement my HR has told me that i will be getting just 8.33% of the bonus. Is this right? Or should i be getting all of the 20%? Are there any rules that govern this aspect?

Your answers will be highly appreciated.

Vishalsingh   20 June 2019 at 23:04

NOC to client to hire laid off employee

Hi Sir/Madam, need one suggestion. One of my friend was working for one organization since last 4 years and 10 months. He was deployed on client site. Now client has decided to discontinue all contractual services. When this message was sent to his parent organization, parent organization communicated to deployed employees that since they do not have further projects/ clients, so they will be relieved after given date of client from parent organization also(lay-off). My friend requested to his client organization and they have agreed to offer him on roll job but now parent organization is not giving NOC by saying that client should clear all previous payment, 2 months salary of employee and replacement of that employee and most important they should come to his office and request. There is an agreement that no employee can be hired by client within 1 year of leaving the parent organization. We want to go legally in this case. Is there any clause or rule which can help?

Peter Isaac   12 June 2019 at 11:41

How to remove online record of case withdrawn

Dear Sir
I used to work for an MNC and after quitting the company they filed a case to take money from me due to some clauses in company car lease scheme. I told them to take the car away and that I cannot pay. Finally they agreed and they withdrew the case. However when I checked these records are available online. I want to know how to get this removed from the services.ecourts.gov.in website.This can create a problem when I switch jobs and the background verification team finds it out.

Anonymous   11 June 2019 at 22:57

How to remove online record of case withdrawn

Dear Sir
I used to work for an MNC and after quitting the company they filed a case to take money from me due to some clauses in company car lease scheme. I told them to take the car away and that I cannot pay. Finally they agreed and they withdrew the case.
However when I checked these records are available online. I want to know how to get this removed from the services.ecourts.gov.in website.
This can create a problem when I switch jobs and the background verification team finds it out.

Abdul Hakeem   05 June 2019 at 14:33

Forced resignation and harassment

Dear sir,

Below is the mail I have sent to Biocon Heads Mr Suresh and Miss Kiran. Next day I was terminated. My access to Mails was blocked, reporting blocked etc.

Please go through below mail and suggest.
1. Can I file legally for my job?
2. Can I file for compensation for Harassment?
3. They are suppose to give 3 months notice period but aren't giving any notice period. Can I sue company for forced resignation?

Please suggest, below is that...


Dear Deba sir and Satish sir,

This mail is in continuation to our yesterday's meeting at Taj Deccan, Hyderabad.
I was forced on putting my Resignation.
I was threatened with consequences including termination immediately.
For almost 3 hours I was restrained and confined to the corner of room, instead of fruitful discussion I was pressurised only on "Putting My Resignation" in paper and "For Personal Reasons".

At some point I want to leave the room but forced back to the corner, I tried calling my Dad in panic, my phone was snatched by Satish sir. When my Dad & Shenil sir called back I was unable to lift calls as my phone was with Satish sir. At one point Deba sir tried to push me.

So much happened, after discussing with Shenil sir. Finally I was able to escape with commitment of giving 3 months notice period.

Satish Sir and Deba Sir, I just want to know why should I resign? Why I am forced and humiliated? Please provide me reasons for putting me through all this "Harrassment"?

Deba sir, you are like my father to me. You could have said properly, I would have searched for another company and leave Biocon. But why were you so mean to me? For what are you punishing me?

Yesterday whole night I was unable to sleep, whole night I was having "Suicidal Thoughts". Yesterday in Fasting I was unable to talk also, I was not allowed to go out of hotel room. More importantly, I wasn't allowed to go offer my "Jummetul Vida Friday Namaz Prayer".

Moving to Oncology was my leap of faith when company asked me to take position. I was a performer and proved myself in Metabolics. I am with Biocon almost 3years. I never had any issue in Metabolics. Can take feedback from Chandru sir(AD), Patitosh sir(SM), Nagaraju sir(RM).
I joined Onco on 28th Jan. 4months into Onco, Every month we start closing with minus primary of 10 to 15laks, all seniors left, Mastan sir(my boss) doesn't support and always tries to find faults in me. How can I perform when the territory I received is in total Shambles.

Sir, As we have proper ways and means to communicate if non performance is there. Why adhere to voilent ways. Aren't we educated and matured people.

Still Satish sir, Deba sir if you want me to leave Biocon I will leave, let me find other employment and move on.

Lastly please don't make anyone SCAPEGOAT for your failures.

@Shenil sir till now Mastan sir hasn't approved my Tour Program also. Why so prejudice, Mastan sir knows that I am going on leave for 4 days. I am unable to report today's work, since he didn't approved my TP. And my DCR would be locked when I come back.
I will forward all the mails and discussions happened between me and my supervisors when I am back from leave.

Regards,
MD A Hakeem Baig.



MD ABDUL HAKEEM BAIG

ASSOCIATE REGIONAL BUSINESS MANAGER - BF-MKTG

Biocon Limited | 20th KM, Hosur Road, Electronic City, Bangalore - 560100, India


Shishir   29 May 2019 at 14:38

Foreclosure of limits

Dear Sir

We enjoy limits with Yes Bank and renewal date is June 05 2019 , whereas we have submitted for takeover on 10th May 2019, are we liable to pay for foreclosure charges when our limits have been there for a period of 3 -4 years with the bank.


Regards

Shilpa   28 May 2019 at 13:41

Rof adjudication for partnersheet deed

I had registered the partnership deed before the ROF but 1/3 amount of stamp duty was paid by me. The department advice me to adjudicate the partnership deed. pls advice me whether adjudication is necessary for registration of partnership deed or any other way to registered the partnership deed. partnership deed was registered before one year i.e in march, 2017. Both partner having their office of partnership in Ambernath which comes under Thane District. Pls, advice me which procedure should i follow.

minsal   27 May 2019 at 19:21

Winding up petition

Sirs,

Where can I have to file a winding up petition against a pvt. Ltd. co. duly registered with ROC at Pune.

Deval   23 May 2019 at 23:35

Simple Agreement for Safe Equity

Can anyone here help me with a draft agreement for Simple Agreement for Future Equity?

Thanks in advance

Anonymous   21 May 2019 at 16:02

Drt case filed against me for loan recovery-textile company

Hello Sir,

I am from Guindy and I am in dire need of advice from legal persons.

The case i am facing is as follows:
My brother and his cousin had planned for a Textile unit in a Textile park near Chennai and took a loan of 2 Cr from nearest branch. He received a loan under CGTMSE scheme.But he needed more money for finance, so he came to me and told about CGTMSE scheme. He tried to convince me to take loan on my and my wife's name and provide this to his business. He told me that CGTMSE scheme is collatoral free .If anything bad happens nothing will happen to me and the plant and machinery will be the cost for repay, nothing else. As he was my small brother , I got completely convinced about it.

In the background, he created a company on me and my Wife's name as proprietor which will be having sub-lease contract under his Textile mill. He then brought some documents to us and we blindly signed it.He had created even rubber stamps, business Cards of my and my wife's name. Total loan taken is 80 Lakh* 2=1.6 Cr on me and my wife's name. We never signed any other paper after related to this. He also took all the bank documents including the passbook, ATM card with him.
The brother bought a new car, created a good rapo with local politicians and enjoyed his time.
And in the next 6 months, the Textile mill got closed and he disappeared. Some time passed with distress.

One day,we saw a notice in the newspaper that bank have filed a case to DRT under RDBFI Act 1993.
We attended DRT on summoned date and received a copy of the filed case.Following things it read:
1.Loan has been defaulted of amount 1.09 Cr(including interest) each and case is filed for recovery. Plant and machinery valuation is approx 1/2 of the total loan amount.
2.Also, the case paper contains the Term Credit document which we had signed in very begining. Now, the point i noticed is that, when we signed on doc, it was having my brother's name as "Borrower's name "column. But in the case paper received from DRT, The "Borrower's name" has been changed to me and my wife's name. There is a clear sign of rubbing his name and adding me and My Wife's name.
3.In Term Credit document, Some of the signs are forged.

With this background, Following are the queries:
1.what should be my further course of action?
2.Can I say to DRT that above things happened and I dont have any role in this case
3. Will my property be confiscated?And my wife dont have any property on her name. What will happen in her case?
4.Also, i have found out that the plant and half of the machinery was on my brother's name. Some machinery on my name and there is no machinery on my Wife's name. Is there any possibility, that i can make use of his property to repay the loan on my and my wife's name.
5.What will be the worst case scenario in this situation? Will there be any criminal case filed against me and my wife?
6.Can we file any case against bank / or my brother in court?

Request you all to please provide your invaluable advices.

Thanks,