Get Realtime Updates of your Request. Download Vidhkarya App
Ask a Question - Free Legal Advice
All Questions (15076)
Administrative Law (348)
Adoption (100)
Advertising (36)
Animal Laws (30)
Arbitration and Medi... (24)
Aviation (11)
Banking (415)
Bankruptcy and Debt (130)
Cheque Bounce (310)
Child Custody (116)
Civil (1551)
Commercial (60)
Consumer Protection (430)
Contracts and Agreem... (375)
Corporate and Incorp... (86)
Criminal (1167)
Customs, Excise (15)
Cyber, Internet, Inf... (274)
Debt and Lending Agr... (69)
Debt Collection (112)
Divorce (88)
Divorce and Separati... (1602)
Documentation (248)
Domestic Violence (458)
Election Campaign an... (11)
Employment and Labou... (814)
Environment and Natu... (20)
Family (1462)
Financial Markets an... (75)
Government Contracts (39)
Human Rights (197)
Immigration (35)
Industrial Laws (46)
Insurance (52)
Intellectual Propert... (67)
International Laws (4)
IT Contracts (32)
Juvenile (12)
Landlord and Tenant (402)
Licensing (17)
Mail Fraud (6)
Maternity (47)
Media, Communication... (11)
Mergers and Acquisit... (19)
Military Laws (8)
Motor Accident (95)
Muslim Laws (41)
Outsourcing Agreemen... (5)
Partnership
(38)
Police Laws (50)
Power of Attorney (58)
Privacy (79)
Property (2253)
Real Estate (316)
Registration (116)
RTI (85)
Sale (52)
Sale of Goods (13)
Sex Crime (82)
Sexual Harassment at... (69)
Software License (3)
Tax (11)
Tax-GST (4)
Tax-Income Tax (12)
Tax-Property Tax (19)
Telecommunication (6)
Torts (16)
Transportation (42)
Trust and Society (N... (63)
Will (95)
Work Permits (22)
Nipun Kumar
Posted 2 months ago
Our firm partnership firm when partnership deed executive one partner introduction his capital as his balance sheet of year1987 in balance sheet in which his all asset and liability comes in partnership firm second partner introduction rupees one lac but deed of land remain his name but his land valuation added in partnership firm as his capital and firm running in year 2003 -04 he transfer land and building of firm of asset side into his personal balance sheet without sharing land and building valuation to other partner or firm balance sheet and after his dead in 2006 his son comes in his place as partner in firm and he motation and land rent recipient in his name in place of his father now firm land acquired by government of india for nhai road construction and he claim for total compensation for land and building of firm in his head . At this position the second partner can get his share on compensation or not because first party sharing 51% and second party sharing 49% kindly reply me fast as district land officer paying compensation to fist party fully as he produce land document and land rent recipient in behalf of title of compensation amount what second party can do for getting compensation as money of firm investment in land and building of firm after 1987 to 2003 ? Is second party claim for compensation or not or he will liable to get his share in compensation amount or not kindly help reply fast
A. dear client kindly provide terms and causes of the partition deed because without seeing the same I am unable to give accurate legal advice.
Anonymous
Posted 3 months ago
DEAR SIR,
I WAS WORKED IN A COMPANY NAME M G IMPEX PRIVATE LIMITED FROM 2008 TO 2017. I HAD JOINED THERE AS ACCOUNTANT. MR SUNIL AGGARWAL IS THE OWNER OF THE COMPANY.
IN 2012 HE CREATE A PARTNERSHIP FIRM ON THE NAME OF HARSH FABTEX AND INTRODUCE ME AS 1 PARTNER AND 2ND PARTNER IS MY COLLEAGUE MR VIKAS SAINI. MR VIKAS SAINI HAS LEAVE THE JOB FROM M G IMPEX IN 2014.
IN 2015 SUNIL AGGARWAL OWNER OF M G IMPEX AND HIS FRIEND MR SUNIL SINGH NEEDS FUNDS FOR HIS REQUIREMENTS AND THEY APPLIED A LOAN FOR RS. 200.00 LAKH IN SYNDICATE BANK AND SANCTIONED THAT AMOUNT AND THEY USED THAT AMOUNT. BEFORE THAT SUNIL SINGH'S WIFE MRS. KUSUM SINGH AND HIS FRIEND MR. MANVEER RAWAT INTRODUCE AS PARTNERS IN HARSH FABTEX. IN AUGUST 2016 I REQUEST THEM TO RELEASE ME FROM AS DUMMY PARTNER AND THEY REMOVE ME AS PARTNER AND INTRODUCE SUNIL SINGH AS PARTNER.
AFTER MODIFICATION PARTNERS ARE 1) SUNIL SINGH 2) KUSUM SINGH AND 3) MANVEER SINGH AND THEY SUBMIT THE MODIFIED DEED AT BANK.
IN FEBRUARY 2017 THAT ACCOUNT WAS NPA.
IN THIS REGARD PLEASE SUGGEST ME WHAT CAN I DO FOR SAFER SIDE I WILL NOT COME IN TROUBLE DUE TO THIS.
PLEASE ADVISE
A. Kindly share the partnership deed to get better solutions.
V Shankar
Posted 4 months ago
Is it allowed legally in India to raise funding for a LLP through crowd funding. If not which construct allows for crowd funding.
A. Dear client the answer of your question would be depend on the type of crowdfunding. Equity Crowdfunding, specifically digital equity crowdfunding platforms, is illegal. Reward-based crowdfunding and donor-based crowdfunding is not. The Securities and Exchange Board of India (SEBI) has issued laws on digital equity crowdfunding in India as “unauthorized, unregulated and illegal”.apart from this Donation Based Crowdfunding,Rewards Based Model,Equity Model,Lending Model are currently popular into investors.but combining equity plus reward based structures can immensely go a long way in attracting an investor.
Tanu Shree
Posted 4 months ago
Sir, we own a pharma company in partnership of 3 members. All documentation is in my uncle's name. Recently, one of our key partners was having issues with the company having a marketing manager. The partner has less experience in the field and so there was requirement of a marketing expert in the company. But the partner is insisting upon that he alone will see the market part, but it is clear that he is not capable enough to run marketing single handedly. He invested 50 % in the company in the beginning, put a lot of effort to bring up the company along with my uncle. But, now he has left my uncle with just two options, either to handover the company to him, or pay him the capital he invested. Presently, company doesn't have any investor and company is not capable to pay him all his money. What should we do now? He tricked my uncle into this phase, and he is forcing his decisions and options. My uncle is quiting the company with a sinking heart as he put a lot of effort through discussions and meeting,but all in vain. The partner is clearly betraying on no ground and at such growing time of the company. What can we do now to save the company in our hands? Is there any penalty provision for such a betrayal by the partner? Kindly help please
A. A partnesrship is run by majority. If you are also a partner then you can side with your uncle to oppose the other person.
Anonymous
Posted 5 months ago
Sir, i and my partner started a business 3yrs back with mine idea and partner invested in condition that he will take his principal with interest till full amount is recovered and then share profit. From the principal 70% amount was used by both the partners to run the business. The business did not go well and we suffered a loss and we filled itr of 2 yrs as losses. The investor partner took guarantee undated cheques from me. Now the business is shut with losses and the investor partner is demanding the entire invested principal with interest.
Please advise what to do and what legal proceeding can the investor partner do.
A. your query lacks some clarifications, though, as per facts available, nothing much to worry,
the only worry is undated cheque
Anonymous
Posted 5 months ago
My sister has started a cloth shop with a lady friend and financed the business by taking a shop on rent and buying stocks etc. After a few months the friend has said that she can manage the shop on her own and will pay back the money in installments and she does not need my sister's association any more. She and her husband are not financially strong and cannot pay back the money regularly. She has ruthlessly cut off my sister from the partnership and we dont trust her. How do we recover the money invested in the shop or get back possession of the shop. No partnership deed was prepared.
A. dear client you can file a criminal complaint before police station against fraud and criminal breach of trust.stating all the facts and circumstances against her for the fraud she committed with you.
Abhishek Pandey
Posted 6 months ago
I am partner in a small partnership firm owning 80% shares with other two partners owning 10% each. While me and other partner ( one of the other two) diligently work to get the best returns for the firm, the other partner has turned rogue and doesn’t contribute and is only interested in his share of profit. He threatens me and has nil contribution to the company for the past 8 years but he has been collecting money from us on the pretext of shutting down partnership firm. What should be the best solution to
Get him ( rouge partner ) out of the partnership firm? It is becoming very difficult to talk to him in a cordial manner and our partnership deed doesn’t have arbitration clause nor we have enough funds to pay lawyers’ fees for years.
Even the 10% stake/ share to this rouge partner was a kind of incentive/ sweat equity.
A. remove him from partnership firm by passing a resolution to that effect.
D Singh
Posted 7 months ago
Dear Sir
One of my friend and myself star a work in partnership and get one rental shop and now he want to leave the partnership and he don't want to work with us so please suggest me what should i do ? and should i change my agreement or not. please reply.
A. Dissolve the partnership agreement and if provided claim for damages.Better to consult a Lawyer from panel of Vidhikarya to guide & help you all aspects of the issue quickly.
Ankit Chaudhary
Posted 8 months ago
I and my partner started a business and we went delhi to pay a person money for starting our business, i paid him Rs. - 70,000 and he paid him 65,000. from his hand to that person hand, after that he never helped or showed interest in business. In result i backed from the business, later he starting braging i want my money back, you pay me Rs. 65,000. he bought 1 police man and now they are calling me to police station. do i have to pay him please answer me
A. Dear Sir,
In general cases, partnership deed is the governing agreement between the partners. The partnership deed covers the duties and responsibilities of the partners. Please share across the deed for a further advice.
SHUBHAM GARG
Posted 9 months ago
Hello I was doing business with my one partner we have unregistered partnership deed. After business continues there is some dispute between us so my partner freeze bank debit so now we have dissolved firm and also signed dissolution deed on that we have settled of all assets except bank. On deed we have also mentioned that there is 450000 in our bank account also mention account number and branch detail. After dissolution deed my partner is denied to go bank to remove unfreeze account he thinks he will ate all bank balance but we have mentioned in dissolution deed this much amount is available in bank and this much distribution to each partner. So can I go bank directly and show them deed that give me this much amount as mention in deed or can I sue on him? Both deed partnership and dissolution is unregistered
A. You can file a suit in a civil court asking the court to direct the other partner to act as per the dissolution agreement. The non-registration of partnership does not matter. It is a bit tricky to get a stay on withdrawal of Bank funds till disposal of the suit.
Top Responding Lawyers
Kishan Dutt Kalaskar Retired Judge
Retired Judge
Experience: 33 Year(s)
Free Advice Given: 2139
Bangalore
View All AnswersConsult
Deepak Bade
Lawyer and legal associate
Experience: 9 Year(s)
Free Advice Given: 1291
Nanded
View All AnswersConsult
Ambrose Leo
Adv.Ambrose Leo Associates & Legal Consultants
Experience: 9 Year(s)
Free Advice Given: 1057
Bangalore
View All AnswersConsult
Shanti Ranjan Behera
Advocate
Experience: 22 Year(s)
Free Advice Given: 974
Bhubaneswar
View All AnswersConsult
Rameshwar Dadhe
As a advocate
Experience: 2 Year(s)
Free Advice Given: 829
Aurangabad
View All AnswersConsult
Vedant Lakhotia
Legal Counsel
Experience: 3 Year(s)
Free Advice Given: 826
Kolkata
View All AnswersConsult
ROBERT D ROZARIO
Advocate High Court
Experience: 15 Year(s)
Free Advice Given: 768
Kolkata
View All AnswersConsult
Rajender Prasad
Lawyer
Experience: 5 Year(s)
Free Advice Given: 622
New Delhi
View All AnswersConsult
Prabhakara S K Shetty
Advocate
Experience: 19 Year(s)
Free Advice Given: 604
Bangalore
View All AnswersConsult
ARPIT BATRA
Attorney
Experience: 11 Year(s)
Free Advice Given: 522
South Delhi
View All AnswersConsult
GANESH SHARMA
Criminal Lawyer
Experience: 3 Year(s)
Free Advice Given: 409
Faridabad
View All AnswersConsult
Abhimanyu Shandilya
Advocate and Legal Counsel
Experience: 14 Year(s)
Free Advice Given: 396
Kolkata
View All AnswersConsult
Ashish Dongre
Advocate
Experience: 12 Year(s)
Free Advice Given: 327
Mumbai City
View All AnswersConsult
NILANJAN CHATTERJEE
ADVOCATE
Experience: 5 Year(s)
Free Advice Given: 310
Howrah
View All AnswersConsult
Vishwabandhu
SENIOR LAWYER
Experience: 38 Year(s)
Free Advice Given: 291
Jabalpur
View All AnswersConsult
Johnson Thangiah
Advocate / Trial Advocate
Experience: 18 Year(s)
Free Advice Given: 274
Tirunelveli
View All AnswersConsult
Manjula Shanmugasundaram
Advocate
Experience: 18 Year(s)
Free Advice Given: 204
Chennai
View All AnswersConsult
Rajeev RJ
Advocate
Experience: 17 Year(s)
Free Advice Given: 195
Thiruvananthapuram
View All AnswersConsult
Ved prakash Shaw
Advocate
Experience: 38 Year(s)
Free Advice Given: 132
Bhubaneswar
View All AnswersConsult
VIMAL K MISHRA
Advocate High Court
Experience: 15 Year(s)
Free Advice Given: 123
Allahabad
View All AnswersConsult
Sanjay Kumar Jha
Advocate
Experience: 17 Year(s)
Free Advice Given: 114
Patna
View All AnswersConsult
Junaid Ali Khan
Advocate
Experience: 2 Year(s)
Free Advice Given: 112
New Delhi
View All AnswersConsult
Need a Quick Legal Advice NOW?
Don’t want to wait! Call at the toll free
number and get a call from an expert Lawyer
within an hour!
7604047601
Most Viewed Questions
- sec - 354, 427, 506
- Complaint Against Money Lender
- IS BC-C caste certificate valid in case of converted Christians from castes other than Scheduled castes?
- Land dispute under section 144
- Cancellation of Pattadar Pass book
- Best suggestion for false allegations levelled by wife --- RCR or Divorce
- Service matter
- Original property documents lost by the bank
- custom cal cum show cause notice
- Can apartment association bar me from keeping a pet dog in my flat.
Categories
Administrative Law (348)
Adoption (100)
Advertising (36)
Animal Laws (30)
Arbitration and Medi... (24)
Aviation (11)
Banking (415)
Bankruptcy and Debt (130)
Cheque Bounce (310)
Child Custody (116)
Civil (1551)
Commercial (60)
Consumer Protection (430)
Contracts and Agreem... (375)
Corporate and Incorp... (86)
Criminal (1167)
Customs, Excise (15)
Cyber, Internet, Inf... (274)
Debt and Lending Agr... (69)
Debt Collection (112)
Divorce (88)
Divorce and Separati... (1602)
Documentation (248)
Domestic Violence (458)
Election Campaign an... (11)
Employment and Labou... (814)
Environment and Natu... (20)
Family (1462)
Financial Markets an... (75)
Government Contracts (39)
Human Rights (197)
Immigration (35)
Industrial Laws (46)
Insurance (52)
Intellectual Propert... (67)
International Laws (4)
IT Contracts (32)
Juvenile (12)
Landlord and Tenant (402)
Licensing (17)
Mail Fraud (6)
Maternity (47)
Media, Communication... (11)
Mergers and Acquisit... (19)
Military Laws (8)
Motor Accident (95)
Muslim Laws (41)
Outsourcing Agreemen... (5)
Partnership
(38)
Police Laws (50)
Power of Attorney (58)
Privacy (79)
Property (2253)
Real Estate (316)
Registration (116)
RTI (85)
Sale (52)
Sale of Goods (13)
Sex Crime (82)
Sexual Harassment at... (69)
Software License (3)
Tax (11)
Tax-GST (4)
Tax-Income Tax (12)
Tax-Property Tax (19)
Telecommunication (6)
Torts (16)
Transportation (42)
Trust and Society (N... (63)
Will (95)
Work Permits (22)
Consult Advocate {{lawyerName}}
Please select how would you like to Consult
| Type of Consultation | Fees | |
|---|---|---|
| Phone Consultation | ₹ | |
| Meeting Consultation | ₹ | |
| Email Consultation | ₹ | |
| Video Conference | ₹ | |
| Request for quotation from the Lawyer. | ||
Review and Confirm
| Consultation Request for Advocate {{lawyerName}} | |
| Consultation Type : Meeting Consultation | |
| Charges : | ₹ | 118 | (with 18% GST) |
Successful
Your Request has been registered. We will get back to you soon.
Submit Your Query
Successful
Your Transaction is Completed
Payment Failed
Your Transaction is Failed
Successful
Your question has been posted successfully. It will be visible shortly after Admin verification.
Keep checking this space for Answers from Lawyers.
Sorry!
Sorry, You are not the registered Lawyer of Vidhikarya.You have to signup as a lawyer to respond the Question.
Failure
Failed to post your question
Post Your Question
Email is required
Invalid Email
Category is required
Question Title is required
Title should be with in 200 characters
~ and ` characters are not allowed
Question should be with in 4,294,967,295 characters
Question is required
~ and ` characters are not allowed
Login to Respond the Question
Log In Failed ! Wrong email or password
Enter Password
You are a registered member. Please provide your password. If you have forgotton your password please go to Signup and Select Forgot Password to reset your password.
Few More Details
Please Do not Close this browser, and provide the following required details -
Verify OTP
If you haven't received any OTP, please click the Resend button below. You can change your registered mobile number by clicking on the Edit icon.
Error
