Decode Ballistic Reports Like a Pro. Register Now!
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Vivek Mehta   10 December 2012 at 17:54

Applicability of section 372a

One company xyz ltd. has its one of the main objects as trading in gold and providing infra services. In 2010-11 it demerged its infra division and it has now only trading in gold as business.

is section 372a applicable since its a limited company and is no longer provides infra services.

can copany say that just because it is providing infra servies earlier it is exempted from section 372a?

prabhdeep singh   10 December 2012 at 16:58

Multicity cheques

Hello,
There is a query.If i have lended someone some amount of money on the cheque basis.Does the new rule passed by RBI of multicity cheques makes some impact on my section 138 case.If i get the cheque bounced after 31st of december.

With regards
Prabhdeep Singh

Saurabh Kumar Singh   08 December 2012 at 17:19

Winding up petition

Dear Experts,

one of the company has given us Rs. 3 cr cheques and we have already initiated 138 proceedings now we as a company also want to file WINDING UP petition, for which notice is condition precident. Now i want ot know is it necessary to made reference about 138 proceedings in winding up notice and petition. please guide.

Anamika   08 December 2012 at 15:52

Expulsion of partner under partnership act

Hi,

Please answer the following queries asap:-

1. Can an unregistered firm expel a partner?

2. What constitutes"good faith" as mentioned in Sec 33 ???

3.Whether public notice has to to be given simultaneous to the notice of expulsion ???

Thanx & Regards,
Anamika.

Member (Account Deleted)   08 December 2012 at 12:56

Issue of bonus shares by a pvt. ltd. company

Xyz (P) Ltd. desires to issue bonus shares out of its free-reserves.It is an un-listed company and has not declared any dividend for the last three years.Further,its Articles of Association is silent about issue of bonus shares.Can it issue bonus shares?If yes,can it do so simply by passing board resolution or approval of the shareholders will also be necessary to change the AoA and to authrise the board to issue the same.

Bhupen   07 December 2012 at 19:45

Comapny petition

I have Filed a Company Petiton. There were objections but all were cleared.
Today when i checked the Online System It shows,
Bench: Single.
Coram:-REGISTRAR(OS)/PROTHONOTARY & SR. MASTER
Stage:- FOR REJECTION [ORIGINAL SIDE MATTERS]
What does this mean??
What should next course of action?
Regards,
Bhupen Shah

bhavin   07 December 2012 at 18:37

Handwriting analysis....

One of my friend is a lawyer and runs a law firm(Partnership Firm) and also having a website in the name of their firm and my friend is also a certified handwriting analyst.
Now Questions are...
1. can firm starts a professional consultancy in handwriting analysis?

2. Can they add a portion of content relating to the handwriting analysis in their existing website.

3. can it be considered as a legally wrong,if they do so?

Reshma Yadav   07 December 2012 at 16:02

Section 58a

does cetral govt permission is required to take intercompany deposit from public co to public co

Jay Prakash   06 December 2012 at 11:44

Bombay relief undertakings (special provisions) act,. 1958

Dear Experts,

Please simplify the "Bombay Relief Undertakings (Special Provisions) Act,. 1958"

who can apply for 'Relief Undertaking" declaration under this act?

What would be its advantages/disadvantages to the company or its creditors?

Meha Harish   05 December 2012 at 21:43

Npa before ecgc settles exporters claim

Export client covered under ECGC standard buyer wise policy. He defaulted for 50% bill payment. Claim lodged with ECGC by exporter through the bank. Next week Bank classifies his account as NPA inspite of ECGC claim being in process and issues legal notice under Sarfaesi act 13(2) within 2 weeks of NPA. There are no overdues in any other account.

In view of RBI's NPA guidelines on Central Govt Guaranteed advances - was NPA classification legally correct??

Please advise ASAP.