shankar
28 May 2012 at 11:10
Dear Sir,
i have my own small business, in which i am accepting amount from individuals and giving them 30% annual fixed returns.
Currently i have 20 clients those are my relatives and colleagues and i am offering them MOU as security
....But now i want to expand my business and i have appointed agents.. i am getting many enquires. i may have around 5000+ clients base.
so my question is ..
1) can i form proprietorship or pvt ltd company.
2) in mou what shld i mention received amount towards loan / fixed deposit / investment as i am offering them 30% p.a.
3) can i issue share certificate / fixed deposit certificate..
4) can i issue Fixed deposit certificate as i am accepting amount from them for fixed tenure.
5) what will be the minimum charges to form pvt ltd company..
what will be best and easiest way to start my businenss..
pooja dedhia
26 May 2012 at 21:54
The EMI payments commences only after the entire sanctioned loan amount is drawn.
what is it mean?
Rupesh Kumar Pradhan
25 May 2012 at 20:05
I AM INTRESTED IN SETTING UP A EDUCATIOON COLLEGE WITH SOME OF MY PARTNERS. PLEASE SUGGEST THE BEST AND ESSENTIAL PROCEDURES TO BE FOLLOWED
1. HOW CAN WE DO THE REGISTRATION OF OUR ASSOCIATION?.FOR INFORMATION, WE ARE THREE PEOPLE INVOLVED IN IT.
2. AFTER REGISTRATION WHAT OTHER CLEARENCES DO WE REQUIRE?
3. WHAT ARE THE LEGAL PROSPECTIVE TO BE CAREFUL OF.
jayeshmankodi
24 May 2012 at 14:24
As in one of The Bank an applicant(proposed Purchaser) of the property applied for a mortgage loan.Bank as per the procedure obtained report from an advocate.advocate on scrutiny of file found that The sale-deed in fvaour of vendor (the seller) was made for an open plot and it was after the completion certiifcate hence Bank's advocate hold the file with a query that after completion open plot sale-deed was made.Thenfater The application was submitted in corporation as party said that there is a mistake in mentioning date of completion and Inward copy was submitted to bank's Lawyer.Bank Lawyer had earlier also informed regarding technicality and on basis of this application submitted his report.Bank after the procedures sanctioned the loan also but then due to dispute on some other ground purchaser refused to purchase the said property and cancelled the loan and hence Bank account closed.The seller had received the amount of consideration in part i.e.black amount and white amount.Now the purchaser is asking seller to pay him the said amount + Banks expenses against which seller is not ready to pay the bank charges amount and also telling thta contract limitation is over.Now The Purchaser advocate advising purchaser for Criminal Actions against Bank,Bank's Advocate and The Advocate who had prepared earlier sale-deed.As in this case The proposed seler has not executed sale-deed due to dispute and Bank had holded the cheque as sale-deed was not received by them.Now in this case What actions can be taken by purchaser?Yes another thing is that purchaser have taken possession of all original documents fromthe Bank.Now without entering in to sale-deed can he have such possession? Please advise.Specifically What The Proposed Purchaser can do?as Bank Acoont already closed and still he (the purchaser is threatning to Bank Advocate and the advocate who had prepared earlier sale-deed and To bank also).Pls advise.
Amit bhardwaj
24 May 2012 at 14:16
Dear all members,
Our company did a JV agreement with a other company. But now my company failed to fulfill his obligation so according to agreement other company can cut 1 crore Rs. and have to return 4 crore Rs. (We deposited Rs. 5 crore as security deposit) but other company return only 97 lakhs and the agreement is not registered. What is the legal value of this agreement, this is executed only on 100rs. stamp.
What's the remedy we have and what can we do?
jayeshmankodi
23 May 2012 at 14:47
As in one of The Bank an applicant(proposed Purchaser) of the property applied for a mortgage loan.Bank as per the procedure obtained report from an advocate.advocate on scrutiny of file found that The sale-deed in fvaour of vendor (the seller) was made for an open plot and it was after the completion certiifcate hence Bank's advocate hold the file with a query that after completion open plot sale-deed was made.Thenfater The application was submitted in corporation as party said that there is a mistake in mentioning date of completion and Inward copy was submitted to bank's Lawyer.Bank Lawyer had earlier also informed regarding technicality and on basis of this application submitted his report.Bank after the procedures sanctioned the loan also but then due to dispute on some other ground purchaser refused to purchase the said property and cancelled the loan and hence Bank account closed.The seller had received the amount of consideration in part i.e.black amount and white amount.Now the purchaser is asking seller to pay him the said amount + Banks expenses against which seller is not ready to pay the bank charges amount and also telling thta contract limitation is over.Now The Purchaser advocate advising purchaser for Criminal Actions against Bank,Bank's Advocate and The Advocate who had prepared earlier sale-deed.As in this case The proposed seler has not executed sale-deed due to dispute and Bank had holded the cheque as sale-deed was not received by them.Now in this case What actions can be taken by purchaser?Yes another thing is that purchaser have taken possession of all original documents fromthe Bank.Now without entering in to sale-deed can he have such possession? Please advise.
jayeshmankodi
23 May 2012 at 12:58
Dear Experts
Please Refer my Query Regarding The Title I am Thankful to Mr.Kapoor for his immidiate response.still if any more details if given will be much helpful.
jayesh mankodi.
Member (Account Deleted)
23 May 2012 at 11:59
My wifes lawyer forged her signatures on the Affidavit, Vakalatnama, and the petition of teh objection they filed to object to my passport. We filed case rearding this. My wife says that the "wrong" signatures are her signatures. Coulrt says sinc she is saying that the ignatures are her's no case can be filed. Please guide, is teh court right in thies approach?
pooja dedhia
23 May 2012 at 11:28
can huf give gift to its coparcer?
what is the maximum limit when gifting through the cheque?
if gift deed is franking what is the legal importance?
how the amt of franking is decided? is it is decided on the amt of the gift in cheque?
or on the natur of doc that is gift deed?
what are the main points to be covered in the gift deed?
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Sanctity of stamp paper
Sir,
although I have prepared tenancy agreement in a stamp paper of Rs.10/- and the tenancy is for 11 months.
But I would like to know the sanctity of such documents. What can the owner do from his side to get the rooms vacate by tenant if the tenant do not easily vacate it.