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Anonymous

Posted 1 year ago

I funded a small business in 2014 under a partnership agreement with my neighbour. My wife was the partner in the newly formed firm ( for electrical goods viz fans, lights, geysers etc..)but it was an...

A. Dear Sir,
If you have bounced cheques you may immediately file a cheque bounce case or file a civil suit for recovery of amount.
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Suneel  Moudgil
Suneel Moudgil Experience: 17 Year(s) Panipat
Junaid Ali Khan
Junaid Ali Khan Experience: 4 Year(s) New Delhi
Junaid Ali Khan
Junaid Ali Khan Experience: 4 Year(s) New Delhi
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Anonymous

Posted 1 year ago

I bought shares on stamp paper (beginning of a private limited firm) (2017). Now the firm is making good money but my share is not coming. What should I do?

A. Dear Sir,
You have to file a Civil Case seeking appropriate reliefs.
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Dear Sir/Madam, In case of Partnership Firm can we divide profit amongst partners in below given way, 1) Partner A will have Share on 35% of the Profit. 2) Partner B will have Share on 35% of the Pro...

A. Respected Sir,
What share you have decided in the Partnership Deed / Agreement.
But yes if it is mentioned in your agreement you can share according to that otherwise make modifications in your partnership deed.
and agree on given % for profit
For more details and to change your profit % Contact
Adv Poonam Sapate
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Rameshwar  Dadhe
Rameshwar Dadhe Experience: 5 Year(s) Aurangabad
Sunil Kumar  Singh
Sunil Kumar Singh Experience: 19 Year(s) Kanpur
Kishan Dutt Kalaskar Retired Judge
Kishan Dutt Kalaskar Retired Judge Experience: 35 Year(s) Bangalore
ask_a_question

Nipun Kumar

Posted 2 years 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 partnersh...

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.
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ROBERT D ROZARIO
ROBERT D ROZARIO Experience: 17 Year(s) Kolkata
Kishan Dutt Kalaskar Retired Judge
Kishan Dutt Kalaskar Retired Judge Experience: 35 Year(s) Bangalore
Shanti Ranjan  Behera
Shanti Ranjan Behera Experience: 24 Year(s) Bhubaneswar
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 F...

A. Kindly share the partnership deed to get better solutions.
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Deepak Yashwantrao Bade
Deepak Yashwantrao Bade Experience: 11 Year(s) Nagpur
ROBERT D ROZARIO
ROBERT D ROZARIO Experience: 17 Year(s) Kolkata
Kishan Dutt Kalaskar Retired Judge
Kishan Dutt Kalaskar Retired Judge Experience: 35 Year(s) Bangalore
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 i ...ReadMore
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Tanu Shree

Posted 2 years 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...

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.
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Anonymous

Posted 2 years 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. F...

A. your query lacks some clarifications, though, as per facts available, nothing much to worry,
the only worry is undated cheque
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ROBERT D ROZARIO
ROBERT D ROZARIO Experience: 17 Year(s) Kolkata
SUMSON  .T.S
SUMSON .T.S Experience: 16 Year(s) Ernakulam
Deepak Yashwantrao Bade
Deepak Yashwantrao Bade Experience: 11 Year(s) Nagpur
ask_a_question

Anonymous

Posted 2 years 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 h...

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.
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Ambrose  Leo
Ambrose Leo Experience: 11 Year(s) Bangalore
Mohd   Imran
Mohd Imran Experience: 6 Year(s) Faridabad
Yusuf Shabbir Mithi
Yusuf Shabbir Mithi Experience: 6 Year(s) Mumbai suburban
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Abhishek Pandey

Posted 2 years 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 f...

A. remove him from partnership firm by passing a resolution to that effect.
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