ch prasad rao
28 December 2011 at 08:53
can a minor appoint a nominee to his bank account?
Anonymous
27 December 2011 at 17:15
I AM AGED 62. MY SON INTENDS TO DO BUSINESS AS A PROPRIETOR OF A SMALL SHOP.
IF HE BORROWS FROM BANKS OR FROM OUTSIDERS FOR HIS BUSINESS PURPOSES, WILL THAT ARREARS OF HIS AFFECT ME?
A PROPERTY OF MINE ACQUIRED AS A GIFT
FROM MY BROTHER STANDS IN BOTH OUR
NAMES.
IN CASE OF ANY LOAN AVAILED BY HIM WHAT IS MY LIABILITY?
Anonymous
27 December 2011 at 16:29
i have a company and i appointed a workman for job andgave him salary on monthly basis nd travelling allowances per month spend from his pocket for office work...this amount was different from salary...now the workman have told false information about the travelling allowances and he waised the amount and commiteed fraud..so i the owner of company without giving him notice removed him from my office and suspended him..now he claims that he want his job back i havenot given any legal notice to him..we both had a special contract between us..in contract it was clearly written if any misconduct by emloyer then he will be suspended from office without giving any notice..m i right or wrong...please if any one has dis kind of case related and judgement den do giveme..now he want his post back bt i have given that post someone else..wil reinstatement will be in my favour..
Anonymous
27 December 2011 at 14:51
Dear Sir,
Can a NRI working in australia work as a sales agent for a property situated in Punjab india.
The purpose of his job would be to sell the property to NRI in australia on commission basis.
If yes than pl advise the document required to be executed with an australian sales agent
Vaishal Ghiya
27 December 2011 at 13:57
Whether email is considered valid/authenticated document for proof of evidence in case of summary suit in Indian Court Of Law ?
naayaab parekh
27 December 2011 at 10:45
RESPECTED SIR/MADAM,
I AM ENTERING INTO AN PARTNERSHIP BUSINESS WITH ONE LADY PARTNER AND THE PLACE OF BUSINESS IS JUINAGAR, NEW MUMBAI. THE INITIAL CAPITAL OF THE FIRM IS Rs.100,000/-.
MY QUESTION IS WHAT SHOULD BE VALUE OF THE STAMP PAPER OR FRANKING STAMP ON WHICH THE PARTNERSHIP DEED IS TO BE EXECUTED.
SECONDLY IS MARATHI TRANSLATION OF PARTNERSHIP DEED REQUIRED FOR REGISTERING FIRM WITH REGISTRAR OF FIRMS AND WHAT WILL BE THE FEES.
THIRDLY CAN I REGISTER MY FIRM BASED IN NAVI MUMBAI WITH BANDRA OFFICE OF ROF OR I HAVE TO REGISTER AT POONA.
Asha
26 December 2011 at 20:11
Hi friends
There is an private limited company in which 9999 shares were subscribed by foreign company & 1 share by its nominee. the Private company has not still received application money & allotted shares either to foreign company or its nominee. Now the nominee doesn't want to continue with the Private company. what is the procedure to change the nominee. pls do the needful....urgently
RAJESH CHOUDHARY
26 December 2011 at 13:56
Dear Professionals,
Plz tell me is der any way out to avoid forfeiture of 25% upfront money received earlier in compliance with SEBI Preferential allotment Guidelines for warrants. If Company is not able to convert warrants issued on preferential basis in to equity shares with in 18 months as per SEBI guidelines.
Also can the price of shares be recalculated before converting it into warrants.
Regards
Rajesh
Anonymous
26 December 2011 at 12:58
Hello
I am on conditional bail and i had to submit solvency certificate.I have finally managed to get the certificate of my uncle from Gujarat.
So my question is
1.will court accept it in gujarati or do i need to translate it to english.if yes just normal typing will do or need to affidavit for the same?
2.I also want to get freedom from weekly visit to officer when can i apply for the same.with this only or after certificate is submitted.
3.There was one more condition that I cannot go out of mumbai without courts permission.how do i get rid of that?
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Can client go for writ petition when drt gave incomplete decision against sale notice?
Ld. Experts kindly opine.
1) My client, an SSI unit of Siliguri had taken laon from Bank & could not repay,
2) Bank filed application before DRT as per RDDBFI Act, 1993 when a compromise settlement was arrived at & Compromise Decree was given by DRT due to which my client was to pay Rs.11 lakhs with in 30.09.2007 in place of Rs.40 lakhs by selling the factory land as, otherwise the compromise will be withdrawn.
3)The Bank had put a board before the factory stating that it has been taken over by Bank & did not give any no objection certificate to my client to sale the land to pay the amount & he defaulted in paying with in time but paid after the time period which the Bank received.
4) Bank issued demand notice u/s13(2) & by mistake our lawfirm went to DRT prematuredly. After some time our advocate was absent & the case was dismissed in dafault during which the Bank promptly issued notice u/s13(4)& took possession of the factory.
5) The dismissed case (which was wrongly filed after getting notice u/s13(2)) which was dismissed because of absence of advocate was restored & against our petition, DRT issued stay order against the said notice u/s13(4)and asked to pay Rs.1lakh.Meantime against each application DRT asked to pay & our client paid Rs.14 lakhs taking personal loan against compromise of Rs.11 lakhs.
6) Now, the said case, wrongly filed by us prematurely, has been dismissed by DRT on maintenibility ground & the Bank has issued Sale Notice to sell the factory on 09.12.2012.
7) We filed application before DRT afresh asking for exclusion of period of delay as the matter was under litigation, u/s14 of Limitation Act mentioning that stay was aleady given on the notice u/s13(4) and that is why we could not file application against the said notice u/s13(4).
8) DRT has rejected the injunction prayer 20.12.2012 in one page order mentioning that detailed order is given in separate sheet which has not even been dictated due to paucity of time & has not come till date but the sale date is approaching.
9) We do not know why the injunction has been rejected. (It is mentioned that I do not find any reason).Detailed order did not come till date. DRT will sit on 03.01.2012 & 06.01.2012 & we will get the order after that when the sale will take place on 09.01.2012.
My question in this serious situation is
a) What should we do now to stop the sale of the factory,
b) We can not go to DART because client can not pay 25% of the notice amount of Rs.40 lakhs when he has already paid more that the compromise amount b y taking personal loan & he could not pay with in the stipulated period since the Bank did not issue No Objection Certificate.
c) If we file review petition before DRT on 03.01.2012 or 06.01.2012, it will be too late & the property will be sold out,so what to do now,
d) Can we file write petition before the Hon'ble High Court for a stay in the said sale?
Thanks in advance.
d)