Savita
25 February 2013 at 16:30
one unlisted public company wants to give corporate guarantee in favour of a private company under same management. The funds has been loaned by bank for working capital. Does it attracts Section 295 of Companies Act.
I have also checked Form 24AB in MCA Website which says that a Declaration to the effect that funds proposed to be loaned are not required for its working capital requirements at least for a year needs to be given.
My question is Company has taken loan for its working capital requirement then how can the company give such a declaration.
My another quesiton is that is it necessary to register the corpoate guarantee in respect of working capital loan.
Ritu
24 February 2013 at 19:37
Sir,
I am interested to set up an owned Coaching Institute for coaching School level Graduation Level and PG Level Courses...
I don't know about the details and procedure for its legal existence. I want to personalize the name of coaching institute under my ownership only. Where do I need to register and what are the steps...
Please help me out as I am totally new to it.
Regards
Ritu
vijay
23 February 2013 at 22:44
i work in telecom company as a area sales manager .i am onroll employee but under my team there are 20 off roll employees .one of them breaks my trust he sells company's mobiles phone by making bogus sales order and pay its bill regularly so i did not verify as every thing is perfect and as a company rule if mobile provide to customer by making sales order ,and the customers pays the bill for 3 months than there is no problem and after that if customer wants to cancel the connection,they can ..and the employee doing same thing he pays nominal rent of that handset so we cant dought ..i want to know what legal procedure to be done on employee and can i also responsible ?? i know i am also liable but how can i prove my honesty ?? what legal act for all this
manish mundra
23 February 2013 at 16:32
what step should be taken by a person who is neither a signatory nor a office bearer in a company gets a summon from court for cheque bounce u/s 138 of negotiable instruments act. The person is merely a relative of the signatory and the complainant in order to extract money from that person has made a false complaint ?
Ritika singh
23 February 2013 at 13:32
1) an NBFC has lent money to borrowers who have defaulted with time.
2) it has enetered into an assignor-asignee relationship with a Bank (allowed to proceed under Sarfaesi act)and assigned it to proceed against the defaulters under the Act.
3) is this arrangement legal?
4) can such a relationship allow the bank to proceed under sarfeasi against the defaulted borrowers under the Act and on behalf of the NBFC???
if not y ??
Poonam Singhi
22 February 2013 at 11:05
Say, I bought certain shares of a company bonafidely from a share broker on consideration and recieved share certificates and signed transfer deeds accordingly. Later it is found out that the sign in the said deeds are forged. Does the ownership of those shares pass on to me or not?
DRPHIRAKE
21 February 2013 at 19:09
I want to know the different laws which are applicable to an internet website; Indian as well as International laws. Is it necessary to get registered as a news paper?
skg
20 February 2013 at 20:30
Dear experts,
After amalgamation of two companies after approval of BIFR for how many years BIFR or any monitoring agency is responsible for looking after feasibility of amalgamation scheme i.e. about rights of employee or revival/profitability of transferor company (now working as a division of transferee company) is going on as defined at the time of amalgamation.
Can this information be asked from BIFR under RTI act after 8 years of amalgamation of two companies by an employee of transferor company.
rgds
Rajesh Bhandari
20 February 2013 at 13:28
As per the RBI Press Release dated April 8, 1999, The company will be treated as a non-banking financial company (NBFC) if its
financial assets are more than 50 per cent of its total assets (netted off by
intangible assets) and income from financial assets is more than 50 per cent
of the gross income. Both these tests are required to be satisfied as the
determinant factor for principal business of a company.
Can anybody tell me, What is GROSS INCOME? is it the Total Sales + Interest Income/ Gross Profit / Profit Before Tax?
For Example Company A is a manufacturing concern. During the year Total Sales is Rs. 500 Crores. Interest Income Rs. 100 Crore. Profit Before Tax Rs. 180 Crore. Whether it is NBFC?
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Section 29 of indian partnership act1932
Section 29 of Indian partnership act1932 referes to transfer of share in the partnership firm to third party.
expression THIRD PARTY means with in family or out side family.