abhimanyu
02 August 2013 at 09:14
In a suit, proceedings have already been ordered to be held ex parte. The Defendant is no more now. What should Plaintiff do.
Krishnapriya Prabhuram
01 August 2013 at 22:14
Good Day!
Mine is Sole Proprietorship Company situated in Tamilnadu.
Now I am finding very difficult in getting some Govt.benefits like Capital Subsidy because my company name contains (INDIA) as part.
Basically I am a Mfr-Exporter.I didn't find any difficulty/getting my loans,Importing machines,etc. because of (INDIA) as part of firm name.
I need to know is there any restriction in use of name (INDIA) as part of Sole Proprietorship Company.
I heard/know only Pvt ltd/LLP companies shall have some restrictions as per companies act and that too can be used when they maintain sufficient capital.
At this point I want to know/get any Gov. regarding this issue.
I have already explained/submitted as attached here and requested for disposal of my subsidy.
Kindly help me regarding this issue by sending me the Supportive documents.
Thanks & Regards,
KRISHNAPRIYA PRABHURAM
Jumbo Films & Bags (INDIA)
www.jumbofilmsindia.com
Nitish Joshi
01 August 2013 at 19:14
Dear Sir,
Our client has placed a Purchase Order with a Firm aggregating approx Rs. 80 Lacs for supply of material.
But in the mean time they came in touch with another supplier who is offering lower rates.
supplier has manufactured the material as per purchase order. Our client have received a email from supplier to lift the material from their factory.
But now our client wants to cancel the purchase order and refusing to get the delivery of material.
I want to know whether can we cancel the purchase order?
Can that supplier claim the compensation for cancellation of purchase order?
And if he can claim compensation then what will be the amount of compensation? Amount of purchase order as already told is Rs. 80 Lacs.
Their was no such clause for compensation in purchase order or in supplier's offer.
Please suggest the best course of action to over come the situation.
Member (Account Deleted)
01 August 2013 at 14:52
Ganga an Indian Company engaged in Hotel Industry desires to enter into a Franchise Agreement with a Foreign Company named XYZ Ltd. to sell their products in India under their (Franchiser’s) trade-name. As per the terms of the draft Agreement, the Franchisor shall be entitled to royally payment @ 3% of gross-sales and they are entitled to Gross-Payment without any deduction of Tax. It provides that if any tax is payable, it should be borne by the Franchisee. Subject to no restriction under Indian Laws, the Franchisee is agreeable with the above term. However, under the IT Act, while releasing payment to the Franchisor, it is the responsibility of the Franchisee to make TDS and deposit the same with the Taxation Authorities.
In view of the above, will the payment clause of the said Agreement be valid?
Will any approval of the RBI will be necessary to enter into the said Franchise Agreement?
shruti
01 August 2013 at 13:09
hi, friends,please suggest me the suitable answer for this query-
A pvt ltd company want to start a club,
if the membership of a club is refundable then , whether the club will come under the "chit fund company" or "nbfc company"?
balwinder
01 August 2013 at 11:37
sir i have a built up commercial property which i intend to lease out to a salon company on lease.however company wants me to sign a tripartite agreement between lessor i.e me, lessee i.e the company and the nominee i.e the franchisee.as per them company and the nominee are lessees collectively.as per the agreement nominee will pay the rent and the nominee if changed then the new nominee will pay the rent.however they mention that ultimate responsibility to pay the the rent shall be of the company only.please advise legally whether tripartite agreements safeguard the interest of the lessor in case of dispute between the company and its nominee ie the franchisee.and if it is not advisable to lease out property on tripartite agreement then why. regards balwinder singh
amol
01 August 2013 at 10:21
there is a Co winding up petition admitted in High Court
in which petitioner's claim is secured but other applicants filed application
one of the applicant got the order from the consumer court for the identical grievance inspite he has used company petition as a tool to recover the amount
the other second applicant merely on the basis of allotment letter of a flat issued by the Respondent Co who is a builder and developer approached to the Company Court without any judgement or order of any court
whether the claim of these two applicant can survive ?
please guide i think this a pressure tactic adopted by them against the respondent please guide with judgements
thanks
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Sales in course of import
Dear Sir,
What care I need to take care of when I am doing the transaction " Sales In course of Import" At present we are getting the invoice from our overseas supplier mentioning "Bill to us" and "ship to " our customer. What extra care I need to take as there is no Tax is involved in this transaction ? Please guide. Thanks