s.vijayakumar
01 June 2010 at 16:39
DEAR SIR, OURS IS A SME INDUSTRY,BORROWED TERM LOAN & OCC FROM A NATIONALISED BANK.BUT OUR UNIT WENT SICK,DUE TO BANK'S INADEQUATE ASSISTANCE.NOW OUR UNIT WAS DECLARED NPA BY BANK ON APRIL-2010.ONE OF OUR PARTNER TRANSFERED HER 1/3 rd SHARE OF OUR UNIT TO HER HUSBAND THRO' A SETTLEMENT DEED ON JUNE-2009.THE SAME WAS INFORMED TO BANK ALSO AND BANK SUMMONED THREE PARTNERS AND GOT THEIR SIGNATURES IN THE ACKNOWLEDGEMENT OF DEBT FORM ON MARCH-2010.AFTER OUR GOT OUR SIGNATURE THE BANK ISSUED A LEGAL NOTICE THRO'IT'S LAWYER TO CLEAR ENTIRE LOAN WITHIN A WEEK TIME.WE ASKED THEM TO GIVE 6 MONTHES TIME TO SETTLE
Y V Vishweshwar Rao
31 May 2010 at 06:50
Dear Lrd Friends
A Private Limited Company is selling its land-Property to individual Persons
The said PVT Ltd Company not commenced its Business as proposed , it appears the Company is intendnig to close all its Comnay affairs and selling the land held by it
What are the requird steps to be taken while drafting the MOU for sale / Sale agreement / Sale Deed ( for & on behalf of Purchasers ) - with reference to Comany Law/s and Corporate Laws /
restrictions on Companies /while selling the properties of REGD Company and to konw its liabiliites / charges / mortgages / etc
Y V Vishweshwar Rao
Advocate Hanamakonda Warangal AP
Thyagarajan
30 May 2010 at 16:44
I had appeared in person in an original petition ,an EP petition on it and later on an appeal against EP order in a consumer forum. The respondents had taken counseling with three different advocates in these cases. On their advice the opponents had filed affidavits contradicting one another. The forums’ order in original petition went in my favor but subsequent petitions the forums felt relief to me can not be given as my prayer were beyond the verdict given in OP. This was mainly due to conflicting statements made. My question is how far the councilors are responsible for making different statements
Anju
30 May 2010 at 01:29
Sir,
I wd like to know that whether power of attorney has a validity of time.
My father had issued a POA in my favour in 2008,kindly tell me its still valid after 2 years?
Anonymous
29 May 2010 at 20:49
DEAR EXPERTS, Iam in need of suzzessetion in land -matters in court decrees ,can court decrees are valid in obtaining on land matters? can it is valid as in registration act?
Anonymous
28 May 2010 at 20:33
Sir,
I am an Advocate and want to apply to be a empanel Advocate of Bank of India in its Ludhiana Zone.Therefore supply me the requisite performa and oblige.]
Thanking you.
Yours truely
Krishan Kumar Singhi Advocate
Nabha
RATNADEEP D JOG
28 May 2010 at 18:57
Hi
I would like to know :
1. what is the stamp duty payable on a Deed of Assignment of debt with underlying securities, including immovable properties situated in Maharashtra and other states, executed in Mumbai. Neither of the parties are Asset Reconstruction Companies and the assignment is not under SARFAESI.
2. What is the duty payable in MP.
3. Whether the Deed which ahs been executed at Mumbai has to be registered in Mumbai or it can be registered in any other place where the immovable properties are situated.
Anonymous
28 May 2010 at 17:04
Given below is a clause from a work order agreement signed by us and our client:
“This agreement shall be governed by and construed in all respects in accordance with the laws of India and jurisdiction being limited to Punjab and Haryana High Court. Any dispute arising out of or in connection with this Agreement, including any question regarding its existence, validity or termination, shall be referred to and finally resolved by arbitration in accordance with the arbitration rules for the time being in force, which rules are deemed to be incorporated by reference in this clause. This shall not prevent either party taking such steps as it seems necessary before the court to protect its rights hereunder including by way of injunctive relief.”
We interpret the clause as under:
1. In case of any dispute, Party 1 can drag Party 2 only in “Punjab & Haryana High Court” and nowhere else. If Party 1 summons Party 2 to say Ahmedabad High Court, can Party 2 respectfully intimate the Ahmedabad High Court that since the case falls out of Jurisdiction of Ahmedabad, Party 2 is not liable to be answerable in Ahmedabad.
2. Any dispute is to be resolved ultimately by arbitration only
In any dispute is to be resolved ultimately only by arbitration, then what is the role of a court. What benefit can the Party 1 get by dragging the Party 2 to court, apart from getting a stay order.
Can Party 1 still make criminal proceedings against Party 2 in Ahmedabad?
Would be of great help if you can guide whether out interpretations above are in the right direction.
Anonymous
27 May 2010 at 11:50
our Company is planning to extend its services to GCC Countries. Among our services we provide, accepting investments from clients are also considered.
We need clarification as to what are the options under which a Pvt Ltd co can accept investments as mentioned. (Is investments acceptance possible --- if not can that be phrased as borrowings --- at any case change of ownership in company is not entertained)
Most of the services we offer are online.Finally we would also wish to draft a master client agreement form which can be the base of our services --- to be used when a client is registered.
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compuerised lorry receipt / goods consignment note
Currently each organisation is going for automation. As such if the organisation is enganged as "Transport Agency", genreates the computerised Lorry Receipt (LR) or Goods Consignment Note (GCN), whether such insturment will be accepted by the Statutory / Government Authorities? The copies of LR/GCN will be identical but at the right hand corner the words such as "Consingee Copy / Consignor Copy / Driver's Copy / HO Copy / Branch Copy / Extra Copy" will appear with a logo of organisation. The printout will be taken at the despatching location and after signing by the authorised person on all the copies will be handed over to the Driver.
I strongly feel that this will help the organisation and there will be proper control on the serial numbers of LR/GCN.
Seeking the advice from the experienced people in this field, both from taxation angle & from the title of goods.