P.C. Joshi
25 November 2011 at 01:28
Dear Friends,
Now a days we come to know that collecter of stamps in Delhi and other states are issuing notices to companies for default in payment of stamp duty in share certfcate on allotment of shares. Some of you must have come across thi sissue recently. I have some queries in this repect can any one please clarify.
1. WE PAY STAMP DUTY WHILE INCORPORATING A COMPANY AND ALSO WHILE INCREASING THE AUTHORISED CAPITAL. Then what else is the stamp duty payable on allotment.
2. If yes it is payable what is the rate and how the stamping is done i mean is it a self adhesive stamps or embossed on the share certifcate and the systems woks.
3.What is the option for the companies who have viloted this norm.
4. Suppose a company sou moto wants to comply with the stamp duty payment for past as well as future cases what should it do. WHich office in Delhi should be contacted.
5. I understand that in Haryana there is a stamp duty of Rs 10/- irrespective of quantum/amunt of shars capital issued. SO some company are showing the palce of allotment/board meeting in haryana is it valid.
6. In case any notice has been receibved what reply should be given at the first instance.
Looking forward to plenty of responses on this matter.
Thanks & Regards
P.C. Joshi
B.Com, ACS, LLB
Anonymous
24 November 2011 at 18:57
Dear Sir,
If we have a public charitable trust and
running an educational institution or hospital and it is profitable.
My questions are:
1) Who has the authority to change the bye laws of the trust? can they be changed from time to time? is it the chairman or trustess?
2) Can the income be used for some personal purposes?
3) If it is foreseen that the reason for which the trust is set up i.e. educational institution is not operating properly due
to unforeseen circumstances, can the properties be sold and are the proceeds
kept by the chairman/trustees?
4) Can you change the public charitable trust to a private charitable trust?
Would greatly appreciate your response.
Thanks and Best Regards.
Chintaka Perera
24 November 2011 at 13:44
Kindly let me know requirements and how to register a business in Goa by a Sri Lankan national who is already on Business Visa. i wish to know the contact details of Advocates who provide registration services as well.
Anonymous
24 November 2011 at 13:02
Dear Experts,
I intend to open an Law Firm dealing with the Drafting legal documents of various types and law. Once the company LLP is incorporated I would start, Please advise me as to how and what should be my steps to this achievement.
Thanks & Regards
Anonymous
24 November 2011 at 12:44
Can an public company in india make payments on behalf of another group company which is also a public company?
As such, such payments on behalf of another company will be an inter corporate borrowing?
What will be te company law and tax implications, if the above is allowed?
Altaf Batliwala
23 November 2011 at 23:42
Dear Sir,
Please clarify the following,
I appeared in person in Consumer Court and suddenly an advocate says that she is on a panel of the Bank and pleaded for the next hearing date and court accepted her plea.
1) Can an advocate appear in the court on behalf of Bank without the details of the case.
2) Can an advoacte appear in the court on behalf of Bank without any instruction from the Bank regarding the case.
2) Can an advocate appear in court without the knowledge of the Bank.
3) Can an advocate appear in court without the consent of the Bank.
4) Can an advocate appear in the court without producing the copy of appointment on the panel of Bank.
Regards
Altaf Batliwala
sudarshan jain
23 November 2011 at 22:50
We have an agreement with an Indian company say X (Registered under Indian company act, 1956).
Nature of agreement: Design, supply and installation of Cargo Handling System.
It is fully automatic system for movement of cargo under warehouse.
Now as per agreement with X we have to made an payment of their Germany nostro a/c.
As per my knowledge some payment are allowed such as infrastructure project but airport are excluded.
Further I don’t know exactly under which act it is falls.
So pl tell me I’m correct/not. Also tell me under which rule/section /notification /circular of RBI/other Act it is mentioned.
My observation is we can’t made payment in X foreign account and X also agreed with us.
Kindly do needful ASAP.
Deepak Nair
23 November 2011 at 17:57
A company appoints a housekeeping contractor for lumpsome yearly consideration. In that case, is it necessary for the company to follow the contract labour laws, Munimum wages acts etc. since the lumpsome fee is paid?
do minimum wages act apply in this case if the company asks for a specific number of persons to be present at the premises at one time?
Please advise.
AAK
23 November 2011 at 17:23
Dear Experts
My client is a X company. I have sent notice to Y company demanding claim of Rs.2 lacs. The acknowlegement returned unserved. Now very recenlty from news paper it came to know that one Bank has seized [throgh DRT] the property of Y company and there is auction sale of the properties of the Y company on 05-12-2011. Now what is the remedy available to X company for recovery of amount? whether company petition for winding-up is to be filed? is it going to serve purpose?
Thanks in advance.
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Theft of motor cycle which was hypothecated with family credit
Dear Member,
Would you mind guiding me about a matter where Mr. X purchased a Motor Cycle under hypothecation with Family Credit Ltd. Mr. X was paying his EMI on due dates. After paying 17 EMI his Motor Cycle has been theft and he lodge a complain to the nearest Police Station and intimate the same to the insurer company.
Now when he has no Motor Cycle with him so he wants to stop the ECS (EMI) with his bank, till any resolution comes from the Insurer Company.
What should Mr. X do where he approached to Family Credit through telephonic conversation and get to know that if he stop the ECS then every month bounce charges will be levied on his loan account.
Actually, I've already lodge the complain to the Police Station and informed the insurer but what to do now sir, please advised me.