Decode Ballistic Reports Like a Pro. Register Now!
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Lakshya   21 October 2014 at 20:54

Consumer forum query

I had ordered a package of bedsheets from an e-commerce site. I ordered it in June and after receiving, I gifted it in marriage. Today I got to know that it is substandard. When I complained this with the website,they acknowledged and said it is their fault but denied to replace or refund. In their website it is mentioned that they would acknowledge the query in 7 days.But it is more than 4 months now. Can I go to consumer forum and would they listen my request

Member (Account Deleted)   21 October 2014 at 16:41

Unpaid dividend

There is some dispute with regard to registration of transfer and the court has issued an ad-interim injunction order in terms of prayers (a) to (e) of the petition. In prayer (c) the Plaintiff has prayed for perpetual injunction restraining the defendent from issuing any dividend, right shares etc pertaining to the disputed shares in favour of any party.Since more than 7 years have passed,Bank with which Unpaid Dividend Account was opened is insisting for closing the account by way of transfer to IEPF A/c.

Read more at: http://www.caclubindia.com/experts/ask_query.asp

Uchit   17 October 2014 at 12:54

Cheque bouncing and court case

Sir, We have supplied Material to one of our Customer of Approx Rs.20 Lakh and in return they have given us Cheques out of which approx Rs.12 lakh Cheques validity has been expired ( More than 3 Months from the date of chq issued ) and approx Rs.8 lakh are of Valid Date ( with in 3 Months from the date of chq issued ) I want to ask that can we File a court case for our total Balance of Rs.20 Lakh or we can file a case against Rs.8 Lakh Chq. only.

Dev   17 October 2014 at 00:46

Deed of dissolution urgent help needed

i need urgent advice, me and friend started a partnership firm, applied for Service Tax, PAN, TIN, VAT and Bank account. Now he don't want to continue (as he is also doing some other business and have a pvt ltd) so please advice if we just made the Deed Of Dissolution will it be enough or we have to surrender PAN, Service Tax, VAT, TIN etc

Please help

SHIV RATTAN YADAV   16 October 2014 at 09:43

Partnership (business law)

is it not possible to admit for a period of time

Chand Singhania   15 October 2014 at 21:09

Fake commitments by job portal and unavailability of services within time, want my money back

I have invested Rs 7500 for job alert, resume writing as well as verification process. Within given time, I have not got the service and they have provided fake commitments. How can I demand my money back? Is there any law by which I can force them to refund? If yes, please share the section details under which this can be done.

Priyanka   15 October 2014 at 18:33

Remuneration of directors and employees in section 25 company

Dear Experts,

I have been working in the field of HR and training for the last 8 years in various MNCs across the globe. I was a business partner till last month with a 'profit making' pvt ltd company focusing on employability skills.

I am planning to start on my own in the field of skill development. Since my focus will be on 12th drop outs who usually are below poverty line or just about there, i am unable to come up with a profit making business model as it will be unaffordable for most of the prospective students.

Because my major objective is to make a difference in the society by enabling the youth with required technical and soft skills and giving them a recruitment platform for job opportunities, someone very senior suggested me to form a section 25 company. I have researched on the Web as much as i could, but still have certain queries.
I don't want to seek advice of a CA or lawyer yet since I am at a very preliminary stage right now and honestly i already have too many expenses lined up for the company's various affiliations.
Hence, this forum seemed to be an option to me to start with.

I will be very grateful if I could get answers from any of the expert panelists.

Below are the queries -
1. I understand I will need 2 to 7 Directors on board. How much would be their remuneration ideally? Or how is it calculated?
2. Just to confirm - will all the employees starting from MD to Ops manager or Admin person be paid their salaries as per regular industry standards? The net profit (calculated after deducting employee salaries, director salaries and all other expenses) will be put back into the company?
3. How do I raise the start up capital for the company? Can I approach corporates for CSR funds? If I have a robust business plan, will they be ready to invest? If they do, will they be coming on board?

Awaiting your response.
Thanks in advance!

Regards,
Priyanka

Raju   13 October 2014 at 17:08

Banking law

Hi...I am the one of the 4 Directors of a Pvt Ltd. Co. with shareholding of less than 5%. Our Co. has taken the Bank limits both CC & LC to the tune of 7 Cr total. One of the Director who is authorised signatory in the Bank has given his flat as collateral & declared the value of Flat as 1.5 Cr. While taking the Limits from the Bank we all 4 have given the Personal Guarantee being the director of the company. Now I want to Resign from this company. What are my Liabilities towards Bank & if none of the director Pays to the bank, how the Bank will recover it,s money. Can it seize my house ( in the name of my father ) & FDs / Post Office Saving ( in my Name ). I had no say in the Banking Matters nor I was involved in the day to day Accounting Transactions. Kindly Advice.

vimal   13 October 2014 at 15:12

Debt settlement aggrement

I need a debt settlement agreement or a letter acknowledging payment of debt

nikhil bhardwaj   11 October 2014 at 21:14

Regarding pvt ltd company

Dear Sir/Madam,
I wanted to know that i have registered a Pvt Ltd company 2 year ago and opened a company account too. but currently my company is very less active and account transactions are close to nil. However i dont want to close my company and most probably from next year it could be active in market. So, my question is what kind of legal care should i take that my company not come in any legal issue such as any prospective fine or any thing else.
Please guide me regarding this.

Nikhil Kumar
nikhil143all@gmail.com