ravikanth
29 October 2012 at 15:48
I have GPA on a land and the GPA has been registered with the registrar's office. The Agreement was to construct a shopping complex with a share of 60% (developer ) 40%( land owner )in the agreement he mentioned that until he will get the permission he wont start the construction as when he get the permission he will complete the construction in 2 years.now 5 years completed still he didn't applied for the permission .totally 11 members agreement to the developer . out of this only 3 members including me want to cancel the agreement GPA will it possible ? Please suggest
Neelu
29 October 2012 at 13:14
can one person working/acting as CEO of one firm start any company in the same name and style of the existing firm which he is working currently..........very urgent
Bhupen
29 October 2012 at 11:27
Hello, I have few queries in Company petiton.
In 1997, I had filed CP for winding up. That was heard and conditional order was passed in 2006 directing respondents to pay the amount.
In mean time in 2006 Company disposed off its only asset without informing court, third party.
Respondents failed to pay and in 2007 Final order of winding up was passed. In 2010 It was set aside as Respondents were nt served U/R 28. It was heard fresh and again it was order to Wound up.
However in Appeal, division Bench Set aside the order and asked petitoner to file SUIT. Aagin Suit was decreed in Favor of Petitioner/Plaintiff. But still respondents didnt pay the money.. Now again I have filed CP. The respondents are not doing any business since 2001.
The respondent doesnt have any money nor any assets except for table space office.
Now can i get hold of assets which was sold to Third Party or can i put a stay on transaction ?
Regadrs,
Bhupen Shah
Chinmay Kamat
28 October 2012 at 22:55
Hi,
In most states, registration of partnerships deeds is not compulsory because the partnership act does not mandate it (although it confers certain benefits once it is registered).
My question is, suppose the deed specifies that the partners bring into the firm as capital any immovable property valued over Rs 100, then does the deed need to be registered compulsorily under the Registration Act, 1908.
S 17(1)(b) makes it compulsory for any "non-testamentary instruments which purport or operate to create, declare, assign, limit or extinguish, whether in present or in future, any right, title or interest, whether vested or contingent, of the value of one hundred rupees, and upwards, to or in immovable property" to be compulsorily registered.
Please advice.
surjit singh
28 October 2012 at 20:14
This is a matter before the Insurance Ombudsman. The Applicant approached the Insurance Ombudsman and his complaint was registered on 20.6.2012. After three months the Insurance Ombudsman issued notice dated 24.9.12 to the applicant after the date of registration of the complaint for sending the complaint again in form P-II, otherwise the case will be closed. The complainant again sent his complainant in form P-II.
Whether the Insurance Ombusaman is not governed by the Redressal of Public Grievnaces Rule, 1998.
In this rule it specifically provides that the complaint is to be disposed of preferablly within three months and no where the rules followed by the insurance ombudsman speaks of again sending the complaint in form P-II when the case is received and registered.
In this case what is next step available to the applicant, when the Insurance Ombudsman is following a self impossed procedure not impowered by any law or rules. The applicant has also filed an RTI application in this respect asking whether there is any other written rule which is follwed by the Insurance Ombudsman. In view of the above is it advisable to approach the Insurance Regularatory Authority or wait for the reply of the RTI Applicaton, or submit himself before the discrition of the Insurance Ombudsman.
Asha
28 October 2012 at 10:11
approval of which authority has to be taken in case of alteration of situation clause of memorandum (section 17)...?? CG or CLB?? different answers are given in the following sites... http://www.indiankanoon.org/doc/259977/
http://www.vak ilno1.com/bareacts/companiesact/s17.htm
please help asap!!
anup kumar
27 October 2012 at 23:53
A Pvt company (having 2 directors Mr A & Mrs R) has sold a property to another pvt co.The property is sold represented by director A and resolution was approved by Director R," MR A IS AUTHORISED TO NEGOTIATE FOR SALE THE PROPERTY OF COMPANY AND SETTLE THE BANK LOAN" the above property was sold after getting the payment from buyer and settlement of loan from sale proceed.
Later a suit was filed by R that A was not authorised for sale he was just authorised for negotiate for sale,
What is the validity of transactions?
Whether the suit is maintainable in civil court instead of CLB?
What should be done by buyer co?
Sushil Kumar Sharma
27 October 2012 at 15:16
Dear All Experts,
A pvt ltd. com wants to enter in to an agreement with another person for participation in business. The company wants that
1. The another person will contribute Rs.5 Lac in the working capital of the Company and Rs. 25 Lac in the assests of the company in consideration he wants 50% shares in the net profits of the Company.
Please advice me that how the directors of the company can implement this.
Thanks in Advance
vijay
25 October 2012 at 15:10
Dear Experts,
I want to that what legal points should mentioned on the covering letter for taking security cheques from our customers against debt.
If such covering letter you have kindly forward me.
Thanks
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whether any statutory order passed in favour of a party prevails over the board resolution passed against that party.