basheer
24 June 2014 at 22:05
I am from kerala, I have one acre land near NIT Calicut. I want to start a hostel. Please let me know the required procedures. Who is the licensing authority and how much time it will take to get a license.
Adil
22 June 2014 at 18:15
Hello Everyone,
I have few questions and I would really appreciate if some of the experts can help in getting answers for the same. Below is a brief description/background
A New Delhi based public listed company sings a contract with few schools in Uttar Pradesh, for a period of 5 years to provide educational services to the school on "Non Judicial" Stamp paper. After giving service for initial 6 months, the company defaulted numerous times on the service part. The company is struggling financially due to which they are unable to provide service. This has happened not only with one school but with 90% of the schools across country.
On the other hand the school has been a good pay master and never defaulted on the EMIs. Now after being fed up with the services, the school has decided to terminate the agreement on their own. My questions are as follows:
1) Is the agreement done on Non Judicial Stamp Paper legal and can company use it in the court of law to sue the school for not adhering to the terms and conditions of the agreement?
2) What are the options school has now to get out of this situation and cease the agreement?
3)What are the possible options the company has in this case which can be used against the school?
PS: The school has all the documents(Emails) which can be used to show that the services have been delayed so much that it could effect the students future. Plus school also has the documents which shows that the company has defaulted multiple times on the commitments made by them to service the school properly.
Please answer point wise. Thank you to everyone in advance.
Amit
21 June 2014 at 20:57
Sir/Madam,
What are the options available to me as legal action against a limited company for non-payment of due amount to the transporter??
Also, can i charge an amount of interest on such due amount of transporter, if such transporter has taken a business loan for funds required for its business, due to such blocking of funds of transporter by such limited company??? If so, then at what percentage shall such interest be charged???
Also, is there any way out through which i can establish a pressure on such limited company to immediately pay such due amount for bills of the transporter???
PLEASE GUIDE ME.......
NANJUND G JUGALI
21 June 2014 at 07:34
Dear Ma`m/Sir,
I am new business person and I am from Karnataka and I got order form TamilNadu and I went their we got final order with best price I have supplied goods worth Rs.180000 and he sent me a Cheque and after I have sent another Rs.130000 goods but same days his Cheque got bounced now full payment pending from last 2 months and every time he saying he is giving next two days three days etc, I have visited again his office in Coimbatore but his office closed and he left from there.
I have purchase order (scanned and mailed)
I have bounce Cheque (I have given 30 days notice as per NI Act)
Can I file a case against cheating or 420 case if yes where I can do this.
Isha
20 June 2014 at 12:30
In a trust of 168 accounts (say Trust A), we have one account (say account X), in which a QIB has shown interest to invest. However, investment by the QIB in Trust A is not feasible since valuation of the account X as a part of the portfolio value is not feasible. In other words, while the valuation of the account X is possible based on the nature of underlying securities, the valuation of entire trust is not possible at this juncture due to the difficulty in determining the anticipated proceeds from the balance underlying assets, the expenses and the timelines. The transaction will be done in the following steps:
1.Assignment of Asset X from Trust A (managed by ARC) to Trust B (managed by ARC) at the agreed value say “M”.
2.Trust B will simultaneously receive amount M from ARC for payment to Trust A, and issue SRs (of face value of Rs 1000 each) to ARC (trust deed will be executed for the same) for the amount “M”.
3.ARC will transfer 95% SRs to the QIB at par value.
The following points may be clarified:
A.Legal validity of the proposed structure.
B.Compliance of RBI guidelines for the proposed structure.
SANJAY S PATEL
19 June 2014 at 17:21
How to file summary suit ? in Vadodara And which is more effective for the small pvt ltd co. As deftaitannt is Ltd. firm,
Which is more better summary suit or winding up,the suit ?
As time of outstanding had gone upto to more than 6 months.
P.C. Joshi
18 June 2014 at 18:29
Dear Friends,
Can a newly formed company which has not appointed any staff yet authorise an employee of its associate/group company for the start up work like dealing with Govt. deprtment, representaion before govt authorities.Is an employee forbidden by law to work for another company while he is on the roll of only one company.
Thanks & Reh=gards,
P.c. Joshi
mithun patel
18 June 2014 at 11:52
Is there any compulsion of taking in principle approval for share issue from all the stock exchange where the securities of the company listed? what is the way out for not taking in-principle approval?
Member (Account Deleted)
17 June 2014 at 10:57
Whether there is any requirement of deposit of fees for appointment/re-appointment of independent directors?They are recommended by the Bods and not any intending director/member.
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Excessof electricity bill.
dear Experts,
I am running a mill since 23 years having an electric meter.since 1992 i never get electricity bill not more than Rs.20,000/-but in the Dec.13 the electricity department changed the meter like others. i have closed the mill 1st march 2014 to 18-06-14.the bill came for march Rs.28,441/- for April Rs.54,602/-for MayRs66,689 and FOR JUNE,2014 RS.1,56,236/- I simply shocked .i am not able understand what do? kindly do needful in this respect in all manners.whether i have to approach the Consumer forum or to file a case before the local Court to have the stay for not to disconnect the power. i am based at Revenue Division in Telengana State in Mahaboobnagar District and there is no Consumer Forum.Kindly advice with proper procedure.