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

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

DEBASISH.M1   05 February 2012 at 12:26

Can the creditor issue fresh notice sarfaesi_clause13(2) when matter is pending in drt?

Summary -:

1.The Non Banking Financial Company(NBFC) invoked SARFAESI_Clause13(2) on 21st March 2009 and issued notice (LOAN CLOSURE).

2.Issued a notice under SARFAESI_Clause13(4) on month of 15th September 2010 in line with notice dated 21st March 2009.

3.DRT has passed an Order "Stay on possession" and borrower complied with the amount to be paid.

4.The Company changed its name under Section 23(1) of Company Act on May 2011.

5.Again sent notice under SARFAESI_Clause13(2) with LOAN CLOSURE on 3rd February2012 with increase amount > earlier amount.

6.Suddenly The Company has withdrawan the notice SARFAESI_Clause13(2) dated 21st March 2009 in the same.

Question -:

1.Can the Creditor issue fresh notice SARFAESI_Clause13(2) when matter(stay on possession) is pending in DRT? ?

ritesh   05 February 2012 at 00:43

Power of attorney

sir we are two partners in firm.
my ques is
1.is both partner can give power of autt orney to different person.
2.at a time, POA can be givento how many person.
3.is it possible to give POA to different person for differentt work.
4.sir should clause of POA be included in partnership deed..
5.sir i dont want to include cluaseof POA in partnerdeed but my partner want the same to be included.what legal drafing can be done in parnership deed that both are satisfied.

Mahendra   04 February 2012 at 16:08

Loan

Dear Friend,
Have small query.
What is deposit of title deed, pawn, pledge or hypothecation process? Why it attracts stamp duty?

Regards
Mahendra

Anonymous   04 February 2012 at 08:57

Fraudulent transaction by hdfc bank rm

Dear Experts,

A friend of mine went to HDFC Bank to make deposits. The RM falsely sold regular premium ULIPs to him saying that he has to deposit money only once.

Only after receiving reminder for payments, he came to know that he has been cheated.

What recourse he has on bank and the RM ?

kishor   03 February 2012 at 15:20

Registration certificate

Hello expert,
I intend to start a computer training institute and issue certificate upon the course completion.
Do I need to register with any govt. authority for issuing certificates to the students?
Is any registration no. required to be printed on the certificates given by me?

thanks

Vijay Kumar   03 February 2012 at 14:34

Transit sale e1

Hi,
Please answer for below query of Transit Sale
.

A-supplier.
B-First buyer.
C-final buyer.

A- raised the Invoice for a item named as
ABC to Bill to party(B) and Ship to party (C)

B- Raised the Invoice TO (C)for same item but name is different like (DEF).

can first Buyer (B) do the changing / modification in goods if these are selling with TRANSIT SALE MODE, as per sales tax rules.


Anonymous   03 February 2012 at 13:10

Llb

can i do llb from distance learning education . at present m dong b.com 3rd yr ...? if yes then please suggest me some best colleges ...

sengottuvelmarimuthu   02 February 2012 at 20:09

After company merger-whether each immovable has to re register separately?

company A has been merged with company B vide court order properly.All the movable property and immovable property is located in different areas.
whether all the property has to be re-registered/transfer separately in favor of company B? by mean of separate registered documents?

n v sudhakar   02 February 2012 at 15:31

A p vat act

Ours is a manufacturing unit registered under AP Vat Act and availing input tax credit. Recently there was an audit from commercial taxes department. They pointed out that we can not avail input tax credit on an invoice pertaining to previous month/s.

The practial difficulty is our manufacturing unit is at one place and registered office where accounts are being maintained is at different place. Always we are receiving invoices with delay. We are making entries in accouonts as and when received.

Now DCTO objected to this and he is disallowing input tax credit pertaining to previous months and the amount involved is huge. He says that we have to avail input tax credit only in the month in which the date of invoice relates. Other wise to submit revised return.

We were not aware and we did not file revised returns.

Can you please let us know the rule position on the above.

N V Sudhakar

Anonymous   01 February 2012 at 20:04

After company merger-whether each immovable has to re register?

company A has been merged with company B vide court order properly.All the movable property and immovable property is located in different areas.
whether all the property has to be re-registered/transfer separately in favor of company B? by mean of separate registered documents?