Mana
28 June 2013 at 13:17
We are an unregistered Trader's Association, who are suppliers of raw materials and machinery to the Laminate Sheets Manufacturing Units of India. Its an All India based organization. Popular name for Laminate Sheets is "Sunmica" sheets
Members are : Any business entity in the form of
Proprietorship firm, Partnership firm, H.U.F., Pvt. Ltd. Company, Public Ltd. Company, which is involved in trading, dealing, manufacturing, supplying, stocking, distributing, printing, authorized agents and indenters of raw materials and machinery manufacturing to “The Laminate Manufacturing Industry”
What do we want?
• Limited Liability on Members
• No system of Share Holding, as Members cannot be forced to buy and sell shares
• We want exemption from paying income tax, i.e. we want the benefit of 85% expenditure rule
• A legal accounting system, i.e. service tax number, PAN number (So that we can claim refund of Tax deducted at Source)
Under which Act should we register ourselves?
phani
27 June 2013 at 11:39
dear sir/madam
i totally confused regarding when the company goes from dormant stage to strike off stage , is there any procedure and time prescribed under law?
GURVINDER
27 June 2013 at 00:47
My firm is manufacturing an instrument since year 2000 and has been a supplier to various govt agencies across india and is also involved in exports of the same as well . Our competitor a company established in the year 1993 under companies act is manufacturing same instrument and selling them to govt agencies since 1993.
Food corporation of India is the largest user of this instrument in india and whichever product Food corporation of India purchases becomes an Industry standard and all other agencies and departments who deal in procurement or storage of food grains on behalf on food corporation also purchases similar equipments by default . Food corporation Of India has been purchasing this instrument from our competitor since 1993 through various tenders and everytime they do so they incorporate specifications and other terms and conditions of the tender in such a way that only our competitor becomes successful bidder. Food corporation of India doesnot have any guidelines or procedures to formulate specifications of this instrument instead incorporates specifications of our competitors as mentioned in their catalogues to the extent that the tender specifications even mentions the dimensions , weight of the equipment . Since Food corporation of India always purchases this instrument from our competitors , we loose huge business with other prospective buyers( govt agencies who follow Food corporation of India specifications) . Our competitors participates in tenders with their dummy firms which finally lead to award of contracts to them . Inspite of making efforts with the department we have failed to ensure fair tender guidelines and terms in last 13 years . Now our competitors are getting specifications of their design patented product incorporated which has finally resulted in no competition at all and they are selling their product at exorbitant amount to the government and have succeeded in eliminating competition completely .
Records received from FOOD CORPORATION OF INDIA and other government departments through RTI clearly indicates dominant position of our competitor and its clearly evident that these departments have never purchased this instrument from any other supplier since last so many years .
I seek advise if we can seek relief against Food corporation of India and other departments to make fair specifications and terms of tenders to encourage participation from other firms and competition . Also can we seek temporary injunction against some annual rate contracts awarded to our competitors by framing biased specifications and terms.
I understand from my research that I can file an appeal with CCI under competitions act 2002 , I am looking for a lawyer with proven track record to represent us for the same .
P B G TILAK
26 June 2013 at 12:32
I took a credit card from SBI in the year 2003 and used the card for purchase of some items for which a statement was received with interest. While taking the card the agent said that there will be no interest from date of purchase to 45 days. When contacted the call centre they said that interest is free for 45 days from date of issue of the bill. I asked them to waive the interest since the agents' version is different from them. But no vain. Treating this as unfair I paid the bill amount excluding the interest and cut card diagonally into two pieces and thereafter I never received any communication /approached by agent from 2003 to 25th june 2013. Today I received a notice form Newdelhi based lawyer with a request to reconciliation at Visakhapatnam and threatening to take civil criminal action.
What is the course of action I should take and what is the protection i have from the Law such as limitation. The amount due as interest is nearly Rs.400 - 600. at the time of card surrender i.e in the year 2003. But the amount mentioned in the notice is Rs.21,594/-. I am herewith attach the notice received.
mohd mahboob
26 June 2013 at 12:24
Is there any exemption in CS paper after completing B.Com,MBA and LLB? What will be effected I.C.W.A or C.S and what is fees structure?
Lalit
26 June 2013 at 08:05
Dear Sir,
We are running a Serviced Apartment in Nasik, Maharashtra, but at present we have not taken any Licence. So wants to know what kinds of licence would be required for my business. Whether our building is required to make commercial? We are running business under residential category.
Serviced Apartment is just like Guest House for people on business tour. We provide services like Residence, Food, Car on Rent, Laundry etc. Like any other hotel provides.
Nitish Joshi
25 June 2013 at 19:10
One of our client received a purchase order from a Private Limited Company. There was a clause in purchase order that the company will give 10% advance. Our client in good faith manufactured all his material without receiving any advance. Now that company has given the purchase order to other firm as they offered cheaper rates and stated that as they have not given any advance and thus they are not liable for anything. their argument being manufacturer has to start manufacturing after receiving advance only.
Please suggest the remedies available with our client.
sudhan
25 June 2013 at 11:39
Dear Experts,
I have a query with regard to RBI Annual Return as to when to stop filing the return. ABC Pvt Company had one foreign shareholder who after period of 2 years sold all his shares held in ABC Pvt to a Indian individual on 01/04/2012. Should ABC Private Limited file RBI annual Return for FY 2012-13. ABC Pvt does not have any investment outside India.
Parthasarathy
24 June 2013 at 19:32
Hello,
I'm working in one of the reputed companies in India.
I'm interested in doing trade in capital market and would like to give my advice to my friends and want the trade to be done thru’ me so that I can enjoy the commission.
Now, I don’t want to reflect the profit/loss against my PAN card (Individual) which I need to submit the income to my company.
As my friend suggested, I can form as an association and do trade in association name instead of my individual name.
I need clarity on following queries:
• Will a single person sufficient to form an association?
• Can I include my brother as joint signatory in association?
• Can I have the procedure and list of documents required?
• I’m currently residing at Salem however I would like to have my association address in Chennai (have valid address and ID proof)
I would like to need your advice on this.
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Section 142(b) of ni act.
Dear Experts,
What is section 142(b) of Negotiable Instruments Act.kindly give the details.Thanq