Expert Sirs,
A Memorandum of Understanding(MOU) is executed between two parties viz "A" and "B". A(1st party)is an individual person. But B(2nd party) is a Managing Director of an Educational Society which consists more than 7 members in the society. But in fact it was not mentioned in the deed and simply written as MD of an Educational Society. And the said Educational society consists Nursing school, training institute and hospitals. It is recited in the agreement that:
(1) the first party"A" is willing to take over the nursing school, taining institute and hospitals after paying its deeds and hand loans shown by the 2nd party in maintaing the same till date.
(2) the second party "B" is willing to handover the same by withdrawing all members from the society and allowing the required number of members to be admitted as members in the society by the resolution of EC and GB of the society and by handing over the documents and properties of the society to the first party "A".
(3) the 2nd party agreed to clear all the liabilites before the date of registration of this MOU and if necessary or urgency the 1st party to clear such payments and the 1st party is having every right to recollect the same from the 2nd party, with other conditions.
with the above recitals, please let me know that the above MOU comes to which classification/nature and payable stamp duty. please give valuable opinion.
thank you experts.
kavksn, SR/Supdt(retired), kavksn@india.com
Dear Sir/Madam,
As per bye-law 110 of the Bye-laws of the Co-op Soc registered under the Maharashtra Co-operative Societies Act, 1960 "No resolution can be brought up at the General Body Meeting of the Society cancelling its previous resolution unless 6 clear months have expired after passing of the previous resolution"
Can a Co-operative Housing Society modify the resolution, if not cancell the resoultion, if it is not achieving the objective aimed to be achieved?
If the answer is "YES" can you please help me with the decided case laws?
Regards,
Sachin
Hi All,
We want to file a derivative suit upon a Company as we are the shareholders of the same. We were the directors however they removed us U/s 284 of the Companies Act.
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Can anyone please send me a format of the same ????
Thanx in advance.
Regards,
Anamika.
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sir,
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Trust Registered in 1965.
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Dear All,
Section 49(2) of the Legal Metrology Act, 2009 facilitates the company to nominate any one of the directors as the person responsible for commission of any acts/offences under the rules and Act. It also has a provision of nominating other persons for different branches/offices of the Company.
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Thanks in advance,
Sapna Kannaidas
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Regarding competance of gram panchayat
I have a structure of which plan was passed by Gram Panchayat in 1980, The muncipality officer says that it is not a valid as Gram Panchayat did not have the right to pass the plan for construction of Industrial Shed.Then what does the Gram Panchayat Act section 52 says?