Namitabh Kothari (9930992660)
16 August 2010 at 11:12
Dear all,
I have a client who has just go a small funding from investors.
He will probably start with authorized capital of 1lakh or 2lakh or so.
He has to give 1.5% equity to a contractor on a vested basis of 2.5 years. But this 1.5% is to be off the post-debenture maturity value of the company. Not the starting 1 lakh.
The debentures mature after 1 year. When he has to issue shares to the convertible debenture holders.
So how do we go about legally making sure that the contractor gets 1.5% of the post-debenture-maturity value and not the current value?
What type of agreement / document would be required to be prepared to handle the above situation?
regards
Namitabh
namitabh.law@gmail.com
9930 992 660
kam_87g
14 August 2010 at 16:06
I need a draft of share subscription agreement
cs sunil sharma
13 August 2010 at 11:35
Plz provide the type of information requred to fill the attached vakaltnama
Anonymous
12 August 2010 at 20:40
What are their roles in Legal mechanism ?
Amit Mehta
12 August 2010 at 12:38
I understand that if the instrument is executed on stamps which does not bear the name of one of the executors then such instruments are not admitted in evidence, for any purpose. These instruments are also treated as not properly stamped. These instruments are liable to be impounded and sent to the Collector of Stamps for recovery of proper stamp duty.
MY QUESTION:
After execution of a Development Agreement on Rs.100/- (Does not have the name of the executors) Stamp Paper in 2008 the same was submitted for Registration and appropriate Duty was paid including penalties in 2010.
Does this corrective action make this document legalised considering that the Stamp Paper was not valid when this agreement was created?
Anonymous
12 August 2010 at 02:13
I have read somewhere that in court cases it is always better to submit certified documents,Now the question is ----documents can not gotten certified all the times so in such cases can we submit attested documents attested by some gazetted officer?
Now the next question is documents can not be even gotten attested by a Gazetted officer all the times so in such cases can we submit attested documents attested by some Notary Public ?
Would these be considered as good as certified documents?
Anonymous
12 August 2010 at 02:07
What are their roles in Legal mechanism?
Anonymous
12 August 2010 at 02:05
And can we use a particular part of judgement as citation which was not consisting a generalized opinion of the Judge?
Anonymous
10 August 2010 at 18:10
I came to know that agreement should be on stamp papers only so can I pay stamp duty later on for this plain paper agreement?
Or can I affix stamp duty stamps also on it later on?
Or is it quite worthless in court of law ?
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