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

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Sameer Talha   06 June 2012 at 14:47

Vendor has blocked advance payment

i had procured 1.5 Lakhs material from a vendor i had given purchase order with the product description and had given the advance payment now he has given the different material which is not as per the specification of Purchase order.now that vendor is saying that he will not refund the money. we donot have any signed P.O from him but we have mailed him the P.O.
please give me the guidance for it

Bhalnish Desai   06 June 2012 at 12:07

Capital reserve

Dear Sir

What percentage of after tax profits be transferred to Capital Reserve.

Please Guide

Regards

Ram K   06 June 2012 at 11:40

Chane of name of the company

how many year company need to specify their former name in correspondence and statutory documents?

Dr. Sharad Garg   04 June 2012 at 20:29

Does sharing of profits impliedly mean sharing of losses?

Does an agreement to share profits in Partnership firm impliedly mean sharing of losses in same ratio?

What is the answer to following MCQ? Give suitable citation or Section to support answer.


An agreement to share profit ~
a.Impliedly means agreement to share losses
b.Does not impliedly mean agreement to share losses
c.Must necessarily specify loss sharing ratio as well
d.Impliedly means loss sharing ratio to be equal to profit sharing ratio

Which of the above options is correct?

Dr. Sharad Garg   04 June 2012 at 18:53

Why are buddhist couple not considered as partners?

Indian Partnership Act does not consider Buddhist Couple as Partners despite the fact that they share profits. In fact it shown as an exception to partnership despite profit sharing.

Plz explain this concept of Buddhist couple

Arul Kumar   04 June 2012 at 15:09

Advocate as partner in llp

Dear Experts,

Can a practising Advocate be partner in LLP?

Regards,

Member (Account Deleted)   04 June 2012 at 14:24

Execuition of a shareholders agreement

A shareholders agreement is proposed to be excuted between three companies viz. XYZ(P) Ltd.,PQR (P)Ltd., & ARC(P) Ltd to jointly doing a business.Mr. P is a common director in the first and the third named company. Can he sign the agreement as authorised representatives on behalf of the said two companies?

C.S.A.K.Maitra

Confused Indian   04 June 2012 at 13:41

Cancellation of cheque

Dear Expert,

I have given a cheque to one landlord as initial advance for house deposit, on the same day I found the facility what he told were not actually present, hence I asked my banker to stop payment.

I have asked the banker to stop payment on the same day when I gave cheque to him, till date I have not taken possession nor signed any agreement.

That landlord is threatening of legal, is it possible.

Rajesh   02 June 2012 at 19:49

Change in name due to marriage

There is change in name of female investor due to marriage. Investor has approached one of the mutual fund company for registeration of change in name alongwith original copy of Affidivat in form of 'Annexure J' (A Joint affidavit alongwith her husband with joint photograph affixed) submitting that

She 'Maiden Name' followed by 'New Name' solemnly declare and affirm as under

1. That we are married under Hindu marriage act/rights/customs and are living together as married couple since 'Date'

2. 'Maiden Name' would henceforth be know as 'New Name' virtue of our marriage.

3. That our joint photograph is affixed below.

Mutual fund company has refused to register new name on following grounds;

a) Affidavit in invalid as it is required only for applying passport

b) Affidavit is required on Rs.100/- stamp paper (present affidavit was made in April 2002 on Rs.10 stamp paper)

Questions:
a) Whether declaration given by woman applicant under Annexure J for applying passport, cannot be taken as valid marriage proof in eyes of law?

b) If there is change in stamp duty rules from 2002 to 2012, whether old affidavit on stamp paper of Rs.10/- will now be treated as invalid.

c) Can an investor sue mutual fund company for service default and ask for compensation.

Thanks for patience reading and thanks in advance in anticipation of feedback.

Member (Account Deleted)   02 June 2012 at 00:08

Partnership act

Does transfer of share by a partner to another partner of the same firm for a consideration results in retirement of the transferor partner?