icon Security deposit related question

I had a pvt ltd company who was a broking member of MCX. Had paid a security deposit under company name. Company has since been striked off and closed. Security deposit is not being returned and state


A. Dear Client,

To initiate the strike-off process, companies must submit an application to the Registrar of Companies (ROC) along with specific documents, including a notarized Indemnity Bond, a statement of liabilities certified by a Chartered Accountant, an affidavit (Form STK 4) from all directors, a copy of the Special Resolution signed by every director, and details about any pending litigations.

Companies are ineligible for strike-off if, in the last three months, they made property or ri ...ReadMore

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icon Return phone purchased by offline Shop on EMI

My father purchased a phone at offline shop on EMI,but when i check their specifications I really don't like their specifications, I wants to return it ,can i return it? , can I get my refund?


A. Dear client,

In an EMI scheme, there are three parties involved; You, the shopkeeper and the EMI facilitating bank. Firstly, you may refer to the EMI policy and read through the cancellation terms. Returning the phone would be an viable option provided the shopkeeper or offline store agrees to it. Upon cancellation, the EMI would also be cancelled. If the store refuses to return the product, you may file a consumer complaint against the shop. In accordance with Section 24-B of the Consumer Pro ...ReadMore

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icon Package from abroad

My online friend sent me a gift, (he is working in UK. )through Royal Mail company. Royal Mail ask me 15,000 for the delivery process... I thought it might be a scammer. I question them why the sende


A. Dear Client,
It's essential to recognize that this scenario shares characteristics with common online scams. Be cautious about sending money to unfamiliar entities, especially if it involves unexpected charges or fees. Scammers often create elaborate stories to convince individuals to pay money. In such situations, it's crucial not to send any more funds and cease communication with the alleged sender. Consider reporting the incident to your local authorities or relevant cybercrime units. Be awa ...ReadMore

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icon Magic Advertising Company cheated me by collecting 20 lakhs

This co.pany told they give part time jobs later asked me to to prepaid task were in I have to pay some money and they invest it on stocks and give it back .They kept saying it's system orders and Tax


A. Dear Client,
It appears to be a potential scam, as legitimate job opportunities should not involve requesting individuals to pay money upfront. In such situations, it's crucial to cease any further transactions or payments and refrain from providing additional personal information. Report the incident to your local law enforcement authorities and relevant consumer protection agencies. Additionally, if you have any documentation or correspondence with the company, preserve it as evidence. Conside ...ReadMore

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icon Financial Fraud

I have given a money to one of the know person around 4 lakh and for the same he has given a Rs. 100 bond paper, but he didn't gave me any bank cheque and it's been 6 months that i have asked him to r


A. Dear Client,
While the chances of recovering the loan from your friend seem slim based on the provided information, there is still a potential opportunity to explore before giving up hope entirely. If there is a written contract or agreement on a Rs.100/- Stamp paper, signed by both parties and witnessed, consider serving a legal notice to your friend. You could pursue a money suit in a Civil Court, attempting to support your claim with at least one witness who signed the Stamp Paper, even if it ...ReadMore

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icon Suspected Money Laundry - Cyber crime - Duping the public

In the name of Sequoia Capital Business School collecting money from investors and investing money in Primary Market and huge profits are earned with the investors money and profits are shown in elect


A. Dear Client,
It's an cognizable offence under an IT Act, As per Section 77-B of the Act, the offences punishable with imprisonment of three years and above shall be Cognizable. First, cease any further financial transactions with them. Document all communication, transactions, and agreements made with Sequoia Capital. Report the matter to law enforcement agencies, such as the police or a financial crimes division, providing them with all available evidence.
Additionally, seek legal advice from a ...ReadMore

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icon Discrepancies in the product description and pricing on the loan application

I purchased a refurbished Dell Latitude E5470 laptop through an EMI arrangement, with the agreed price set at ₹31,000, and I received a bill reflecting this amount. However, upon reviewing the Bajaj


A. Dear Client,
In addressing the discrepancy with your laptop purchase through Bajaj Finserv, it's crucial to maintain clear communication with their customer care. Document all relevant details, including the agreed-upon price, the actual purchase amount, and any communication with customer care. If the issue persists, you may explore legal options such as sending a legal notice highlighting the discrepancy and seeking a resolution. Consultation with a legal professional may provide guidance on w ...ReadMore

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icon high rate of intrest

Daily 1% website loans its legal in india


A. Dear Client,
You can lend money at interest, provided that the interest rate falls within the appropriate legal guidelines. Most states have usury laws that limit the maximum amount of interest that a lender can charge. In addition, you should also consider the Applicable Funds Rate prescribed by the Internal Revenue Service (IRS). The Usurious Loans Act of India, 1918 aims to shield borrowers against greedy lenders that exploit people in need of cash by charging exorbitant interest rates. Priva ...ReadMore

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icon Fraudulent transaction Total 50,000 INR made from my Mobikwik zip wallet

I received a call from the customer care number 7799293440 of Mobikwik mobile wallet company at 09.46PM of 13.11.2023, which I answered and but ignored the information received through IVR and then ag

2 Response(s)

2 months ago


A. Dear Client

You need to immediately lodge police complaint with the local police and initiate criminal action against the scamsters.

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icon We have invested and found there was no manufacturing activity or quarterly financial report shared.

Hi We have invested in startup through a online platform last year Dec 2022. After few months Apr 2023 we found there was no manufacturing activity or quarterly financial report shared. When reached t

1 Response(s)

3 months ago


A. Dear client
Review the terms of the investment contract or agreement you entered into with the startup. This will help you understand the legal obligations of both parties and the available remedies in case of a breach. Depending on the nature of the dispute, you may file a complaint in the consumer court (if it involves consumer rights) or the civil court. If the startup was raising funds through an online platform, you may also consider filing a complaint with the Securities and Exchange Board ...ReadMore

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