Respected Memebrs,
Can I help my father in his small travel business by managing the current account/proprietorship under my name? I am working in an MNC. Will there be any conflict of interest?
I don't work with him as such just help him with account and reading/writing.
I have informed my HR about this. Kindly help with your suggestions.
Regards
Sam
From India, Bengaluru
Can I help my father in his small travel business by managing the current account/proprietorship under my name? I am working in an MNC. Will there be any conflict of interest?
I don't work with him as such just help him with account and reading/writing.
I have informed my HR about this. Kindly help with your suggestions.
Regards
Sam
From India, Bengaluru
Hi, Without affecting your day to day office work you can support your Father after your office working hours. It is not necessary to inform your HR as you are just supporting your Father and not work with other employer after your office hours.
From India, Madras
942From India, Madras
Thanks alot sir ,
I have been issued a show cause notice from my employer and I have receieved a document from bank which states that I am the owner / proprietor of the account.Since I am working with IT services and consulting company just wanted to check if a helping in a travel business can be conflict of interest for them.
Kindly suggest.
Thank you
Sam
From India, Bengaluru
I have been issued a show cause notice from my employer and I have receieved a document from bank which states that I am the owner / proprietor of the account.Since I am working with IT services and consulting company just wanted to check if a helping in a travel business can be conflict of interest for them.
Kindly suggest.
Thank you
Sam
From India, Bengaluru
Dear Sam,
You can do accounting work, however, ensure that neither you sign the balance sheet nor you get any personal monetary benefits. Secondly, don't sign any cheques also.
You can do behind the scene spadework but let your father be at the forefront.
Thanks,
Dinesh Divekar
From India, Bangalore
You can do accounting work, however, ensure that neither you sign the balance sheet nor you get any personal monetary benefits. Secondly, don't sign any cheques also.
You can do behind the scene spadework but let your father be at the forefront.
Thanks,
Dinesh Divekar
From India, Bangalore
Dear Dinesh sir,
The company is not an private Ltd, with only one person. However the registration of travel is on my name since my dad is not educated. And we never issue any cheques.
Thanks alot for your reply.
Regards,
Sam
From India, Bengaluru
The company is not an private Ltd, with only one person. However the registration of travel is on my name since my dad is not educated. And we never issue any cheques.
Thanks alot for your reply.
Regards,
Sam
From India, Bengaluru
Hi,
I don't know why your employer issued a show cause notice to you. You can simply reply to your Employer stating that you were no way connected with your Father's business. Owning Company Bank Account in your name is not a crime and you are not a owner of a Private Limited company duly registered.
You can explain your employer that it is a family business run by your Father and only the Bank account name is opened in your name.
From India, Madras
I don't know why your employer issued a show cause notice to you. You can simply reply to your Employer stating that you were no way connected with your Father's business. Owning Company Bank Account in your name is not a crime and you are not a owner of a Private Limited company duly registered.
You can explain your employer that it is a family business run by your Father and only the Bank account name is opened in your name.
From India, Madras
Dear Sam,
If you have already received a show-cause notice, then you need to admit that it was done to help your father. Nevertheless, the documentary evidence of your involvement without taking consent from the authorities concerned has weakened your case. The company administration may perceive it as a conflict of interest.
As far as travel is concerned, nobody can prove it is for personal purposes or for the purposes of the father's business.
I wish you had been cautious before involving in your father's business activities. In life, on whose shoulder the gun is that matters and not who shoots the gun.
Thanks,
Dinesh Divekar
From India, Bangalore
If you have already received a show-cause notice, then you need to admit that it was done to help your father. Nevertheless, the documentary evidence of your involvement without taking consent from the authorities concerned has weakened your case. The company administration may perceive it as a conflict of interest.
As far as travel is concerned, nobody can prove it is for personal purposes or for the purposes of the father's business.
I wish you had been cautious before involving in your father's business activities. In life, on whose shoulder the gun is that matters and not who shoots the gun.
Thanks,
Dinesh Divekar
From India, Bangalore
Many major organisations have a rule that the employee works exclusively for them, forbidding involvement in any other commercial activity. Travel business is a commercial activity and hence is an objectionable activity. If you have not been involved in its running at all, you can defend by stating that you are a silent partner and has no involvement in it.
From India, Mumbai
From India, Mumbai
Respected Members,
I have replied to each and every single points mentioned in SCN with a proper justification. Including requests raised with our support team (office) for seeking support on the items given in SCN, confirmation from bank about the transaction since an allegation was made that I have modified the document which I didn't.
Kindly suggest is their any timeline for an employer to reply on my comments in SCN. As I was given 4 days to reply and I have replied within 3 days.
Since I need to be prepared for everything I would like to request to know the process followed from an employers side.
Many thanks to all the respected members.
Regards
Sam.
From India, Bengaluru
I have replied to each and every single points mentioned in SCN with a proper justification. Including requests raised with our support team (office) for seeking support on the items given in SCN, confirmation from bank about the transaction since an allegation was made that I have modified the document which I didn't.
Kindly suggest is their any timeline for an employer to reply on my comments in SCN. As I was given 4 days to reply and I have replied within 3 days.
Since I need to be prepared for everything I would like to request to know the process followed from an employers side.
Many thanks to all the respected members.
Regards
Sam.
From India, Bengaluru
Respected Mentors,
Kindly guide on this topic.
Respected Members,
I have replied to each and every single points mentioned in SCN with a proper justification. Including requests raised with our support team (office) for seeking support on the items given in SCN, confirmation from bank about the transaction since an allegation was made that I have modified the document which I didn't.
Kindly suggest is their any timeline for an employer to reply on my comments in SCN. As I was given 4 days to reply and I have replied within 3 days.
Since I need to be prepared for everything I would like to request to know the process followed from an employers side.
Many thanks to all the respected members.
Regards
Sam.
From India, Bengaluru
Kindly guide on this topic.
Respected Members,
I have replied to each and every single points mentioned in SCN with a proper justification. Including requests raised with our support team (office) for seeking support on the items given in SCN, confirmation from bank about the transaction since an allegation was made that I have modified the document which I didn't.
Kindly suggest is their any timeline for an employer to reply on my comments in SCN. As I was given 4 days to reply and I have replied within 3 days.
Since I need to be prepared for everything I would like to request to know the process followed from an employers side.
Many thanks to all the respected members.
Regards
Sam.
From India, Bengaluru
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