Durga chatterjee
15 September 2013 at 20:42
Dear Sir,
One of my friend has received an opportunity to be the part of an agency which is located overseas. She would like to take it and for the same she wants to know if she earns profit/commission from the same. What are the compliance she needs to follow to get the commission from overseas to India.
How much the tax she needs to pay for the same. Is there a slab for that too? If yes please share the slab for the same.
Regards,
chow supanu chowtang
14 September 2013 at 20:50
I AM PLANNING TO START UP A NEW SOLAR POWER PLANT WITH A MINIMUM ESTIMATED COST OF Rs. 50 LAKHS AND STAFF STRENGTH OF 50-100 IN ARUNACHAL PRADESH. WHAT IS THE PROCEDURE TO OBTAIN A LICENSE FOR STARTING UP MY PLANT ABOUT TO PRODUCE UPTO 5MW OF POWER. DO I HAVE TO SUBMIT THE AOA AND MOA FOR MY LICENSE. THE FEES AND TIME TAKEN TO GET THE LICENSE.
somesh
14 September 2013 at 14:56
Dear Experts
I have number of cheques issued by one of my client in late 2011 & early 2012
these cheques were bounced thrice and as i was on the side to maintain business relation did not took legal path to recover the amount.
but now non of the responsible person is taking my calls neither replying my mails even they are not ready to meet personally to clear the matter and the amount is huge.
Please advice how to recover this amount legally or illegally as this is my hard earned money and i am paying interest to the bankers for the said amount.
Awaiting
Thanks
Rohit
14 September 2013 at 14:25
I'm working on starting fast food business in Kalyan-Dombivli, Mumbai suburbs. I plan to go for a hawkers license since I will be selling fresh food products on foodvans.
I wanted to know the terms and conditions for hawkers license and also all the additional legal formalities required.
Rohit Patil
rsp191@gmail.com
Showkath A
13 September 2013 at 16:08
One of the reputed company has called for the tender for the disposal of Car, there will be 7 persons has put the tender in which i am the one has put the highest bid. Now the company officer saying that bid is below the guideline value of the car, the rejecting the my tender. In there tender terms and condition they will be no mention the guideline value and there is no terms regarding the company right of accepting and rejecting tender. They mention regarding the EMD and put the competitive price on tender.
I would like to know what shall i do, can i go to the court on this if yes what is procedure.
Thanks
Kapil Kumar Nirmal
13 September 2013 at 15:15
planning to register a sole proprietorship firm under Indian Registration act 1908.
Can the experts guide me on this?
santosh Kumar Jaiswal
13 September 2013 at 12:48
Dear Sir, My wife has filed an application for Arbitration before NSE Kolkota. Statetment of case are as under:- STATEMENT OF CASE
I had purchased following Equity Shares from PREMIER SHARES LTD, Patna office, Ashiana Plaza, Budh Marg, Patna on 17-04-2003. The contract person at Patna Branch Office with whom I was dealing was Sri Sandeep Jalan. Details of shares purchased are as under:-
( 1)HIND LEVER- 50,
(2) MC DOWELL-N- 100,
(3) NIIT- 50,
(4) NATIONALUM- 100,
(5) SATYAMCOMP-50,
(6) SCI- 100,
(7) TISCO-100,
(8) ZEETELE- 100.
( Copy of Delivery Position of N- 2003074 From 17/04/2003 To 17/04/2003 Prem Shila Jaiswal ( 1078 ) supplied by Broker at the time of transaction is enclosed herewith. ) Annexure- 1. Same day I sold GRASIM- 38 shares. ( Copy of Delivery Instruction by Client No. 130133 dated 10.04.2003 is enclosed herewith. ) Annexure- 2.
Total purchasing cost was Rs. 58,204.50. and total selling price was Rs.12,724.68. After adjusting Rs.13883.64 receivable by me from the broker on account of shares sold earlier and Rs.12,724.68 share sold on the day, in total Rs.26,608.32, I had paid Rs.31596.18 to my broker by cheque No.505071 dated 17.04.2003 drawn on S.B.I, Kankerbagh Branch, Patna, which was debited from my Bank Account No. 10533893403 on 18.04.2003.
Subsequently on verification of my DEMAT Account DP ID/CL ID - IN300888/14376123 standing with STOCK HOLDING CORPORATION OF INDIA, PATNA , it is found that none of the above mentioned shares purchased by me on 17.04.2003 were deposited in my DEMAT Account, but share sold by me was debited from my DEMAT Account. (Copy of Holding Statements dated 01.05.2001, 02.04.2004, 01.10.2005, 20.07.2006, 05.12.2007 and 22.10.2008 are enclosed herewith.) Annexure- 3.
For some time I was out of Patna with my husband. On return to Patna, when I tried to contact my broker Mr. Sandeep Jalan, local contract person, it is found that his office was closed for ever without leaving any address what so ever. He could not be contacted even on Telephone. No address of the Premier Shares Limited was available with me. I was not aware with the procedure how to get my lost money and there was no body to guide me in this regard. I was completely helpless. After seeing an advertisement in local paper, I had written to The Director, SEBI, Investors Grievance Cell, Exchange Plaza, Plot No.-C/1, G Block, Bandra, Kurla Complex ( E ), Mumbai and send by Regd. post on 19-12-2007, but no reply received. ( Copy of letter is enclosed herewith. ) Annexure- 4.
Further I have to mention that I am a very small and casual long term investor and not known of every aspect of Share Market and Broker. My local Broker had neither given me any Contract Notes nor I asked for due to my ignorance. I simply trusted my local Broker.
On seeing an advertisement on Television a hope arose when I came to know that SEBI is extending hands to help small and helpless investors like me.
Being aggrieved I filed a Complaint before The Investor Services Cell, National Stock Exchange of India Ltd, 1st Floor, Park View Apartment, 99 Rash Behari Avenue, Kolkata 700029 on 21.03.2013. My Complaint I D is 1303230885700001. Matter was placed before The Investor Grievance Resolution Panel (IGRP } on 28th August, 2013. The Investor Service Cell Vide his letter No. : NSE/ISC/2013/ 1303230885700001/ 0829013003, dated, August 29, 2013 has informed me as under:-“At the Investor Grievance Resolution Panel Meeting held on August 28, 2013, the matter could not be resolved. In view of the same, the Exchange will not be able to pursue the matter further with the trading member for resolution. Hence, my complaint is being treated as closed in the Exchange records. Further he has informed me that the Exchange provides arbitration mechanism which is a quasi judicial process for redressal of complaints between investors and trading members/ Sub brokers. Hence, I decided to pursue the matter further and opt for arbitration against the trading member/ sub broker. A copy of the minutes sent to me for my perusal is enclosed herewith. Annexure- 5.
I have carefully perused the minutes. On perusal of minutes it is found that The Trading Member has mentioned as under :- “ The TM mentions that there is no merit in the case as the shares purchased under the settlement no 2003074 were sold soon thereafter in the settlement no 2003080 and therefore there is no case for the complainant to receive anything from the TM.”
( 2 )
In this connection I have to say that I have never instructed TM to sell my shares and even if he sold my shares without my instruction why not he send me the amount of sale proceeds and Delivery Position of N- 2003080 Prem Shila Jaiswal ( 1078 ). Till date I have not received any amount in this regard. ( Copy of my Bank Account No.10533893403 of State Bank of India, Kankarbagh, Patna from 03.08.2002 to up to dated till 08.02.2013 is enclosed herewith. Annexure- 6. I do not maintain any other Bank Account. Further I have to inform you that I have never instructed my Broker to sell my shares purchased by me on 17.04.2003 and no payment received by me till date in this regard. I am a casual long term small investor and never traded in Share Market. Since long I am investing in shares only on delivery basis. While I had paid entire amount of shares purchased by me, under what circumstances TM kept my shares in his possession till the settlement N0.2003080.
From the above it is clear that because TM had not transferred shares purchased by me in my Demat Account, I have lost my entire investment of Rs.58205. From the date of my investment till date Companies have awarded many benefits to the share holders in the form of Split of share, Bonus share, demerger benefits, dividend and price of some shares also increased. Hence, I have made detailed calculation of actual loss incurred by me as per enclosed sheets and actual loss incurred by me calculated at Rs.2.28,743. . Annexure-7 My PAN No. is AFWPJ8082L ( Copy of my PAN Card is enclosed herewith. ) Annexure- 8
I am ready to pay any amount payable by me in this regard, if any.
I, therefore, request you to kindly consider my case sympathetically and TM may kindly be directed to return my lost money along with all the benefits awardable to me by Companies and increase in the price of shares and interest on dividend receivable by me.
( Santosh Kumar Jaiswal )
Dated, 13th September, 2013.
Please suggest me the actual legal position and suggest me the name and address of a affordable Advocate at Patna or Kolkata. Thanks
Nairita Datta Chowdhury
12 September 2013 at 21:29
A person was made a director in a company on 12th May 2012 and removed from the directorship on 10th August 2012. The company had taken a loan in the year 2010 and repayment was continuing. During his presence of 89 Days the loan papers were renewed. Company has defauleted on payment of the loan in 2013 (a year after he ceased to be the director.) Bank has filed suit in Calcutta Megistrate Court and the person have received summon from the court.
Now what is the remedy I can suggest to that person....
PRADEEP KUMAR MISHRA
12 September 2013 at 17:39
in an arbitration proceeding after both the parties closed their case the arbitrator observed that "keeping in view the complicacy involved in the case six(6)dates are fixed for writing the Award and the parties are directed to deposit the respective part of their fees before the next date of sitting'
anybody may please advise the legality of such observation of the Arbitrator and remedy, if any, against such order (as it appears unreasonable to me)
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Corporate law/ cyber law/ ipr
I am a first year LAW student, and I am planning to work my career towards Corporate/Cyber Law or Intellectual Property rights. Should I be doing any extra courses from now itself?
I have gone through a few courses from NLSIU, but I don't know if they are useful. Also, should I write CS for becoming a corporate lawyer?
Thanks!!