not getting revalidated commission/brokerage warrants

insurance agent

We are a Registered Patnership firm ,and a franchisee of a Company-share Broking company.We could not deposit commission/Brokerages cheques for a year and deposited  all the cheques to the Company- Branch office for its revalidation on 29.3.2010.Cheques were totalled amounted Rs.26000.00.We have still not received the same ,even after  doing lot of correspondence.

We claimed the income,in our I.T.Return as income and claimed refund for TDS deducted on the said Income and got Refund too.Company is giving commission for doing new  business.

Company is asking for-

1.Registered partnership deed duely true certified from the Registrar of Firm,

2.Pan card of both the partners,duely signed by partners.

3.letter from  both the partners,that   there is no dispute among partners and company will not be laible for any claims  a,if it happens,if company will issue the same after revalidation.

We asked company,why it is asking  for all the above requirements.Company is giving Commission/brokerage for new business done,without any issue and without seeking such requirements.We submitted also a  duely signed copy of our  partnership deed,Id proof and a letter,in which both partners claimed the revaildated warrants and requested to issue the same in our bank account,as they were doing in normal course for all the commission declared.

Can a company can stop the revalidated,earned income and ask all such formalities.Whether,there is time limit for any such case for filling suit in court.

Please suggest.


Lawyer in Hyderabad.wats app no.9989324294

You can clarify from registrar of companies about your grievance


insurance agent

Thanks Sir,For Your Advice.I want to know more about it i.e

1.is there is any limit issue for claiming in civil court?
2.What is the address of the Registrar of companies?

3.is the requirement company is seeking are genuine ,as we both partners,who are the original partners ,gave in writing to issue the revalidated warrants?

kindly do support.




sanjay Maheshwari

Lawyer in Hyderabad.wats app no.9989324294

Limit period is there as per limitation act. The registrar office is at Koti, sultan bazar x roads.Hyd. 




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