Pavani Bayyana
24 December 2012 at 18:46
Esteemed members,
I am an individual and had lent some money to one of my friend at a rate of 3% per month. The high rate has been opted because, he was in need of money on a emergency basis and to serve his need I have borrowed from another person at a rate of 2.5% from one of my friend, keeping 0.5% as my margin.
I would like to know whether charging an abnormal interest rate of 3% per month(i.e. 36% per annum) would amount to any violations of any of the money lending acts or any other acts or constitution etc.
I hope Money lending act is not applicable to me as I am not a money lender and also I am not lending money on a regular basis and this was only one of a rare lending transaction by me.
Appreciate if you quote relevant provisions of law for better understanding.
Mahendra
20 December 2012 at 18:44
Dear Sir,
I have just passed out LLB and and got sanad
Pls advice me to reply to advocate notice which is as under
the notice says
that the client of advocate is MSEDCL and notice is for recovery bill.
1) one bill period is of december 2000 & the other is jan 2009 hence its too old
what should i write as an advocate regarding clause of limitation for reply to the notice of an advocate
Thanks in advance
vinodh
20 December 2012 at 15:58
Hi sirs,
Street vendors are business people who sell their wares in the open air rather than in a shop or store...So a street vendor must obtain a business license in order to sell to the general public in Tamilnadu ,is required ?
I need full information on this.I am eager to sell some home-based items in chennai.& it can be moved to other tamilnadu cities.
Kindly help on this ?
Saurabh Kumar Singh
20 December 2012 at 10:57
Dear Experts,
we are A ltd company supplied goods to B ltd company for the amount of Rs. 3.5 Cr. Now the B company is not willing to pay so we have initiated some legal actions against the B comapany. Our Sr. Management telling us :-
1. to write to B company Banker's
2. to write letter to CIBIL against B company
3. to file case against B company declared dividend.
Kindly suggest shall we go with query 1 & 2. if we have to file case against B company for declared divident suggest the appropriate court.
KAMLESH KUKREJA
20 December 2012 at 01:21
a partnership firm consisting of 4 partners(A,B,C,D). a is a managing partner and 3 others visit in office only once in month to review the operations of firm.
suppose B have met with an accident and got injured such that he will not never be able to attend the office. my question is Can C file the suit for dissolution u/s 44 of indian partnership act,1932 as in point b of section it is stated that "a partner, other than the partner suing, has become in any way permanently incapable of performing his duties as partner" even though B is not managing Partner
KAMLESH KUKREJA
19 December 2012 at 17:08
there are 3 partners in a firm, they all together admitted a minor z for the benefits of the firm, on 28.03.2012 he have attained majority and on 04.04.2012 take a loan of Rs:-6 lakh from bank. and on 24.06.2012 the firm is dissolved. Z says that he is not liable for loan amount as he was admitted when he was minor and after attaining the majority he have not given any public notice that he have elected to become a partner and still as on 24.06.2012 period of 6 months is not expired
is Z liable for the debt incurred on 04.04.2012?
KAMLESH KUKREJA
19 December 2012 at 16:29
an partnership firm carries on trading business in goods.firm sells goods on credit basis and payment is always received in cash in office of partnership firm, but when one of partner visits the office of customer for some work.client paid him the money at that time itself in his office(partner is not authorized to receive cash) and partner does not account for that cash and he run away.
can firm recover the money from customer as customer have not paid at office.
KAMLESH KUKREJA
19 December 2012 at 16:10
as per sec 24 of Indian partnership act,1932 Notice to a partner, who habitually acts in the business of the firm of any matter relating to the affairs of the firm operates as notice to the firm, except in the case of a fraud on the firm committed by or with the consent of that partner.
i am unable to understand situation of except(exception case)
can i get example of same
hetalsangoi
19 December 2012 at 10:01
Defaulting in filing of Annual return and Balance sheet for the financial year 2007-2008,2009-2010,2010-2011,2011-12 WHAT ARE THE CONSEQUENSES OF THAT? AND CO IS NOT OPERATING NOW? WHAT IS THE SOLUTION TO CLOSE THE COMPANIES? IF CO FILES ALL THE ABOVE FINANCIAL RETUN WHAT ARE THE PENALTY ARE THERE?
© 2026 LAWyersclubindia.com. Let us grow stronger by mutual exchange of knowledge.
Regarding licensing for opening of catering service.
Hello sir,
We are opening a small catering business in Bangalore. We'll not prepare food but will just arrange from restaurants and will deliver to parties. Is there any license required for this kind on online business? Is food license required because we'll purchase food with restaurants who already have license. Please let me know in detail about the legal requirements for this sort of Business.
Thanks in Advance...