Praveen
12 December 2013 at 13:36
Any body suggest me that how many licenses required for start of tea business (for packing of own brand)
pushpakrishna
11 December 2013 at 21:01
Dear Experts,
A company has to send some amount to ABC Company through Bank but by mistake sent the amount to ABC Company when the amount asked to ABC the are not replying despite notices and complaint to the concerned police.Bank officials are telling that they are no fault. It is learn t that ABC company is under liquidation. Kindly advice in this regard how to recovery the amount from the ABC Company? Thanq in advance.
Member (Account Deleted)
11 December 2013 at 17:49
Is it obligatory under the Companies Act to sign the agenda notes placed before the Board Meeting?If unsigned agenda note on a particular item is placd before the meeting and considered by the Board and recorded in the minutes,will it be legally valid?
sujit
11 December 2013 at 09:39
i have drafted a power of attorney for adding an authorised signatory in a bank account of a proprietorship concern .i have also got it notorised ,the bank is asking the original document to be submitted ,should i get the xerox copy notorised or simply get the xerox attested.
should i submit the attested xerox copy or submit the original and keep the xerox with me
what is the difference between notorising and attesting the document
prawin yadav
10 December 2013 at 12:33
D/sir,
I have been a recovery agent for a nationalised bank.i had a agreement which mentioned my scope of work and the commission payable to me.I was assigned few cases for recovery,and the cases were solved and recovery affected.the bank manager is not paying the commision saying that commision is too much,and that I have not done any work.i have registered my firm in DIC under Industrial Cosultancy category,can i avail the benefit of delayed payment act ?
sujit
10 December 2013 at 10:25
i am drafting a power of attorney to add an authorised signatory in a sole proprietorship bank account .stamp paper of rs 200 is required. can i print the contents on ledger papers (green papers),front and back side and get the franking of the documents done or is it mandatory to print on stamp paper and get franking of rs 100 done on second (green )page .
when should the documents be franked ,before signing of all parties or after signing
content is of two pages .
kindly guide me on how to draft the power of attorney
sujit
10 December 2013 at 07:28
i want to draft a power of attorney on 200 rs stamp paper .should i buy 2 stamp papers of rs 100 each and print on both or should i print on 100 rs stamp paper and get franking of rs 100 done .also can i print on the reverse side of the stamp paper
Kalpesh Patel
09 December 2013 at 12:24
Pleasebtell me the procedure to file suite against insurance company in the consumer court. Is there need to appoint lawer or we can represent by own..? Fact of case is low fire claim damges...
Ryan
09 December 2013 at 12:14
Respected Sir/Madam,
I am an entrepreneur and have borrowed a loan under cgtmse of Rs. 4.75 lakhs from State Bank Of India, the total loan was of 11 lacs, out of which based on 25% of m yc ontribution the bank sanctioned 7 lacs, 4.7s lacs used for machinery and rest was working capital , which we dint borrow. its just 2years passed for the taken loan, the total period of repayment is 5 years.
so far i have paid 1,66,000 Rs. however there had been delay in payment in between because of financial problems. after i took the loan we couldnt start our company because the raw material( chips also called as electronic IC's)were faulty and the whole design failed. i had to start from scratch, and the work of redevelopment was going on and in the mean time i was paying installments from my own pockets. but the situation got worst as the price of dollar started increasing.from Rs 42 it climbed to 58 and then to Rs 62. most of the components in my product are to be imported from abroad as india doesnt have microchip manufacturing industry. and it became difficult for me to enter production with the amount i personally had and the bank started threatning me on delay of installments,
once the account even became npa which i regularised after 6months by arranging the funds. and asked the branch manager to to rescheduling or restructuring of the loan, which he clearly denied. I gave him the genuine reason that the factors where beyond my control and based on economical reason i am unable to enter the production so please restructure the loan and increase the time period of repayment, instead of helping us the bank manager sent me a notice of publishing a photo of being defaulter. some how i was still paying the installments .
later on my mother was seriously ill and was hospitalised and later on expired the hospital bill was enormous, and i had to manage that too from relative and friends. in the mean time the installments to the bank delayed and the manager started to threaten me again and then i requested him to restructure and he denied again, and issues a photo publishing notice in leading local newspapers. i use to search a lot on internet about restructuring of loan for CGTMSE and i found the below attached RBI guidelines for sme-msme.
and it clearly says that the bank should help the sme the moment it understand that the company is going into npa, should identify a viable report and take quick hand holding actions.it has also removed the clause that the company should be in 2years of minimum production period and it says that even if the company couldnt start production after 6 months from the day it borrowed the loan , the bank should help it. restructuring can be financial help or not or can be extending the repayment period less then 10 years and waiving of some interest.
even the the bank manager clearly said that he will not provide additional finance and asked me to give business plan of other product that we can manufacture, so i gave him the business plan of other product, he took and sat quite for 6 months. no reply from him. and the mean time we were working on our other product too. the bank manager calls me and after 6 months and threatens me again that the account is NPA and i am going to publish the photo.and there is no such guideline to help cgtmse. as none of your business are working.
In the mean time i got notice form his higher branch that i have 60 days period and i can settle the npa account within 6odays else they will confiscate the machine that has been borrowed by banks money. when asked the bank manager, about the notice he says i dont know who had sent that to you. the 60 days get over on dec 18 2013.
so based on the threat calls i gave him proof of citation of Hon. High court of kolkatta and madras of similiar npa cases where the high court has objected the banks photo publishing action as the defaulters are not wilful defaulters, and i forwarded the same to the bank manager. he again replies me that the seniors have ordered him to publish the photo. so i replied him that you show those citations to the seniors and read the rbi guidelines and restructure and stop from defaming me. instead the bank manager without giving me any written notice published my photo in a news paper other then news paper that was told to me, and before publishing the photo we had started to pay the installments in step wise and informed the same to the manger, and still he published my photo and the period of 60 days is not over yet and the bank has taken all the data and sent the valuator for restructuring and had done nothing at all. i never wanted to cheat the bank as i am running the company with my own savings. and the bank manager has defamed me. i realised that the bank doesnt follow rbi guidelines, and Hon. High courts judgement is challenged by the bank and i have all the evidence of above mentioned cases in the form of emails, notice, acknowledgments and phone recordings where the bank manager has threatened me to spoil my name in business world. on the first meeting he had also told me that the bank makes the defaulter sleep on ice slab and whips them until they surrender all there property, but i dont have recordings of it,but i have witness as my friend. I want to file a case against the manager and his seniors and defamation case, please suggest me the necessary steps i should take, the bank manager ignores the lawyers notice too and acts like a barbarian.
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Incorrect information to suppliers and clients
Sir,
I am working for a company which is into import and trading, they import materials from Germany, USA, China and sell in India.
They are giving wrong information on company website, company value is not even 1 million USD but on company website they say its value is 150 million USD. And say they have more than 300 employee but they don't have more than 35 employees, they also say company is into aviation, oil & gas and many more sectors which is incorrect.
Owner of the company send fake email to supplier many times.
What action can be taken, where and who is the correct person to file a complaint, what is the process.
Thanks in advance.
Regards,
Vishwanath