Aniket verma
28 July 2018 at 11:04
Sir/Mam,
I was working in XL DYNAMICS PVT Ltd. A finance company based in Navi Mumbai. I joined in June 2015 and I got relieved in April 2018. I got annual bonus in both first and second year however in my exit interview I was told that you will be getting final settlement after 90 days as per company policy and I got the cheque. Annual bonus provided was only 10000 but we ha deduction of 3000 per month for annual bonus which makes it 12*3000 = 36000.
And they paid only 10000, when asked they said "as per company policy".
I am not sure what type of policy is this, they deduct 3000 per month for 10 months in 2017-18 so I should be getting near about 30000 annual bo is, instead they gave only 10000.
Please advise.
Sunil Kumar
25 July 2018 at 13:06
I have used the ATM Machine for transaction of Rs. 500/- of Indian Overseas Bank, Motor Market, Manimajra, Chandigarh on 06.11.201 around 2:00 PM. The applicant did not receive physical cash from ATM Machine but a message has been received on mobile No. 9578458752 of deduction of Rs. 500/- from SBI A/c No. 65028870651. The applicant has intimated about this to the Branch Manager, IOB Bank, Mani Majra, Chandigarh verbally and they assured that Rs. 500/-will be reversed automatically in the applicant’s account. But the amount did not get reversed after 24 hours. On 15.11.2017 I have registered a complaint by way of online and a message with Ticket No. 3475813048 has been received on the applicant’s mobile No. 9357918952 with the intimation that the expected resolution time of resolving the complaint within 7 working days.
Chief General Manager of RBI issued notification No. RBI/2010/11/547 bearing Letter No. DPSS P.D. No. 2632/02.10.002/2010-2011 dated 27.05.2011 addressed to Chairman-cum-Managing Director with the direction to entail payment of Rs. 100/- per day as compensation to the customer complaint if the complaint is not resolved within 7 days on the issue of Reconciliation of failed transactions at ATMs (RBI issued letter Copy enclosed). I have registered complaint on 07.11.2017 by way of online SBI website and a message with above Ticket Number has been received on 15.11.2017 with the intimation to resolve the complaint within 7 working days.
Complaint registered/lodge on 15.11.2017 (Online on SBI website)
Amount Rs. 500/- credited 13.03.2018
Total Days: 118 days
Total Compensated Amount 118x100= Rs. 11,800/-
the bank is not ready to give me above amount. what can I do in this matter.
Anonymous
25 July 2018 at 00:01
Can an employer take legal action on employee on the following grounds,
1) Not serving notice period - to what extent it is enforceable?
2) Damages claimed for breach of contract, NDA, non-solicitation? Again is it really enforceable in the court.
Anonymous
18 July 2018 at 14:11
I resigned my old company on 9th jan 2017 and received same date relieving letter, and also i joined another company on 2nd jan 2017.
Now i joinning tat aig, offer letter also came, but now they are telling you 8 days worked 2 companies and we canot proceed your application. My old company also not ready to change relived date.
seenu
15 July 2018 at 19:11
Hi,
In 1998 a company has been formed for construction of shops to create trade centre,it is a private limited company it collected around Rs 1 crore from public by issuing share application money form, each member paid Rs 35000 for a share, company bought 30 acres of land for construction of shops with that money ,each member are entitled to receive 1000 sqft land and 10 share each but till today they didn't provide share certificates for share holders, I bought two shares for Rs 70000 ,they voluntarily take decision of company without share holders consent,they don't conduct general meeting and few people Who became share holders at incorporation of company select director of company, again in 2008 they issued share application money and collected around Rs 3 crores from new members each paid Rs 35000 for a share,each member are entitled to receive 1000 sqft land and 10 share. I questioned them how they issued new shares for Rs 35000 as the land price is increased substantially from 1998 and they didn't get permission from existing shareholders who bought at 1998 ,they said you don't have rights to question us as you don't have share certificates they deliberately not issued share certificates to deny us shares holders rights and done many wrong doings so I filed a complaint against director of company at police station but they are refused to file Fir against them citing they will provide share certificates within 3 months from now , so I request you to suggest under what Ipc section they can be booked ,Is this come under criminal breach of trust?
Regards,
Seenu
Note : Till today they haven't started the project.
RAHUL MISHRA
12 July 2018 at 17:52
Sir, I was a employee in Real India mutual benefit Nidhi limited for the post of Zonal Manager. My company main work is collecting money by person according to company plans as FD, RD and Daily Deposit.
But after some months my company don't pay any money by persons FD, RD and Daily Deposits. When I know the situation I talk to my CEO but they say I will pay all persons payment. But after 10 days I again and again contact to my CEO but they don't pickup my phone. In this situation I regined from my company. After 7 to 8 months the persons who fix their money in my company they case a file against my company and also me. In this situation what can I do? Please help me Sir. Thanks
Ravindra Tribhuvan
10 July 2018 at 14:14
Dear Experts,
Please advice on following case.
My client received an award from Arbitrator that you will get the amount invested with opponent with bank rate of interest. If the Opponent fails to make payment to my client. They we are planning to approach NCLT for recovery. There are some other creditors also want to recover money from the opponent in this case how would my client interest can be secured as My client only the person who went though the complete legal proceedings and got the Award from Arbitrator.
Regards,
Ravindra T.
Anonymous
08 July 2018 at 12:53
Hello Everybody!
First, my apologies if this is a wrong forum to post my query!
Hope that any of the senior peers in this platform would kindly share his/her helpful inputs.
I am planning to start an IT Training and Service business in Hyderabad. To comply with the legalities, I would like to register the business as a Sole Proprietorship Company/Firm.
Highly appreciate if you can share the details in this regard, like...
(i) Documentation required for the registration of Sole Proprietorship Firm.
(ii) Process of doing the registration
(iii) Duration of completing the process and any other relevant details.
Thanks.
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Ibc - status of third party mortgaged assets
A Residential Flat Owned by me ( an Individual ) is Mortgaged as a Third Party Mortgagor (the liability being defined Only Up-to the Value of the Mortgaged Flat in sanction letter ) towards Credit Facilities obtained by a Pvt Ltd Company whose account is NPA and have been referred under IBC. Myself is neither promoter, nor Director or shareholder in the borrowing company. The Promoter Director and sole shareholder of the borrowing company has expired and the borrowing company is deserted as his heirs are keeping away from the company to avoid any liability.There is no one who can be even contacted at borrowing company.The company has no tangible assets except two properties under mortagage owned by promoter and three properties(including mine) under mortgage as third party mortgage.The Bank is even not supplying any information about the latest valuation of my flat even if I may courage for discharge by payment.
Query:-
01. Whether the appointed RP shall have right over such TPG mortgaged Flat and can liquidate it while resolving the account.
02. Whether the RP shall give opportunity to me /first right to redeem the Mortgage by making out Value of the Flat.