Parul Bhayani
14 November 2014 at 17:37
Sir ,
My relative was a director in a firm from 2002 to Oct 2010. A loan was taken from a Nationalised bank in 2009 , during which as a director , have given personal gaurantee for the loan . The loan was used purchase machinery which is still with the company . After resignation , a new director had been appointed and registered with ROC , form 32, also the bank was intimated alongwith a copy of the form 32. Now if the company defaults in its repayments , is he still liable to the bank as he had given a personal gaurantee. Can the bank issue any notice to him ?
HARSH
14 November 2014 at 13:00
Dear Sir,
I want to change the Designated Partners in existing LLP which is Registered in Mumbai with Capital of Rs 100,000
Please guide me through the process -
Further, Deed of Admission is required to be executed or Whole LLP Deed shall be executed afresh ?
Further, If only deed of admission is required to be executed, then How ?
It is to be printed on Legal Paper and Franking should be done or not ?
And if franking is to be done , then of how much Rupees
Further, after franking, stamp duty is also to be paid ?
If yes then how much ?
Please help.
navin
13 November 2014 at 18:58
i am holding a moneylending license in karnataka.my query is people leave (vehicle possesion)there bikes & take loans from me,few days back the registrar of money lending officer told that lending money by pledging vehicles doesnt come under money lending act.please let me know what license to be taken to pledge the vehicle with us where vehicle possesion is with us so that no future hurdles come in future.
Ankur Agrawal
10 November 2014 at 19:29
A partnership fir was formed with 3 partners A, B and C in 1991.The firm was reconstituted on 1 April 2012 as one partner expressed his retirement. Now the retired partner is claiming his capital .How to get rid of such claim .
Manish
09 November 2014 at 13:19
Hello,
If the contract for a franchise is done on a letter head of the franchiser and not on any stamp paper, is it valid in the court ? what if either party breaches it, can it be a taken to the court/arbitrator in Mumbai.
Thanks,
Manish
arindam das
08 November 2014 at 13:54
Hello,
Kindly advise which book to follow for Companies Law and ROC related work. The book should be easy to follow and preferably in a single volume.
Thank you.
S DEB
08 November 2014 at 10:20
I invite solution to this legal problem.
A contract was awarded and the contractor submitted performance bank guarantee of Rs 60 lakhs. Work started by the contractor and at the fag end of the work the contractor abandoned the work. Work remaining worth of Rs 5 lacs was still to be executed. The contractor was paid in full for the quantum of work executed and there are no pending bills and liquidated damages cannot be levied as there are no running bills to be paid to the contractor.
Now the question is whether we can go for invoking the performance bank guarantee of Rs. 20 lakhs? If we do so can we say that the principle of "undue enrichment" does not hold good in this case ?
Vasu Moottu Kuzhiyil
06 November 2014 at 23:54
My friend is running a Pvt Ltd Company. He is in need of large amount to under take a new project. One of his friend have large amount of money lying in foreign country and ready to help him. He is willing electronic transfer of some money to the company account of my friend. My question are:
1) whether the details of source of this foreign money is to be mentioned in the Tax returns of the company?
2) Is there any restriction and ceiling for such fund transfer ?
RAKESH KUMAR SINGH
04 November 2014 at 21:41
Dear sir,
I want to change the name of proprietor of my firm and its to be done on the name of my brother and change in the address also.
my firm registered in Varanasi district and i want to replace It to Mau district.
please tell the law about that.
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Revenue records
Hello sir, In partnership firm Should the retired managing partner name be removed from the sub-registrar office document and from patta doc. in revenue records?