Narayan
08 June 2011 at 23:25
My friend was a sub-broker of well known share broking house of India. He was sole owner of his firm. He opened a DEMAT a/c of his wife at his firm. Few Years later, he had huge loss of some Lacs which he was unable to repay. He left the town and absconded by leaving his wife alone. It happened 3 years back. Now, his wife wants to re-marry with one of our friend and both families are supporting. She is having around 70000/- at that Demat A/c. She called to the HO of broking house, the officials told her that her husband is absconded hence her a/c seized and they can not give the money back.
My query is - if my friend is sole owner of his firm, how main broker seize his spouse a/c?
Please help.........
Anonymous
08 June 2011 at 15:02
DEAR SIRS:
OURS IS A FAMILY RUN BUSINESS FOR 6 DECADES STARTED BY MY LATE FATHER. MY FATHER EXPIRED IN 1991 AND WE BOTH BROTHERS ARE NOW IN THE FAMILY BUSINESS AND WE BOTH WERE WITH HIM AS A PARTNER SINCE 1989.
NOW I THE ELDEST SON WOULD LIKE TO RETIRE / SEPARATE FROM THE SAID BUSINESS AND MY YOUNGER BROTHER WANTS ALL THE BUSINESS PROPERTIES AS WELL AS THE NAME OF THE COMPANIES.HE IS READY TO GIVE ME THE GOODWILL AMOUNT AS WELL AS 50% OF THE FAIR MARKET VALUE OF THE PROPERTY BY CHECK.
WILL I BE TAXED OR CAN WE MAKE A FAMILY ARRANGEMENT OR ANY OTHER MEANS BY WHICH I DO NOT NEED TO PAY TAX ON THE SAME.
THANKS VERY MUCH
RAJENDRA PAREKH
09821016930
Anonymous
07 June 2011 at 11:18
Hi
My husband started a business with 2 other partners and they made a partnership deed. For the first 4 years the partners were paying him a token amount of Rs.10,000/- one day they sent the amount that he had invested Rs.100,000/- back to him and stopped paying him money. The business is today doing very well and they are earning in crores but refusing to pay my husband. What legal recourse do we have? We have not signed any documents to the dissolution of the partnership.
Bhavin Tolia
07 June 2011 at 09:16
Hey everyone... What's the procedure to Patent a business model in India... any Important facts and links...
Anonymous
06 June 2011 at 20:45
hi sir.i want to start an educational consultancy on the name of my father who is economist.how can i start a educational consultancy which i can act as a agent to get visa, admissions for students in russia.which permissions i need to take from russian and indian governments.please answer my query as soon as possible.thanking u sir
virender singh
06 June 2011 at 12:29
Hi,
Recently i wanted to start short term share trading thro a company with web named www.bestanalysis.co.in as thier sms regularly showed profit of Rs1200 to even 2000/=daily on investment of Rs50000/=and they said to charge Rs500/= on profit making calls only. But when searched about their complaints from investers ,it was found only -ve ie after investment ,they dont bother to even receive calls,in short it seems they are making fool of our people. How we can take legal action against such companies and what sort of action we can take and do our law punish them and what is the punishment
Sourabh Jain
06 June 2011 at 12:10
Can any one pls clarify following:
1. Does any form needs to be submitted to AD if invt made through SPV?
2. For whom APR needs to be submitted? i.e. only for direct subsidaries or also for step down subsidaries formed through SPV?
pls clarify ASAP.
Anonymous
06 June 2011 at 11:51
Dear All,
A is a subsidiary Company and B is a 100% Holding Company. Both are private limited co's
Can A issue Non-Convertible Debentures and / or Convertible Debentures to B?
Can B issue Non-Convertible Debentures and / or Convertible Debentures to A?
Kindly give the reference of section and rules if any
thanks & regards
Sajjala
sajjala
06 June 2011 at 11:46
Dear All,
Two Things-
1) In case of Service Agreement who shall borne the Stamp Duty ie. who shall pay the stamp duty the agent or the principal?
2) How much stamp duty is payable on the service agreement in state of Karnataka? And is registration of agreement mandatory or how beneficial it is?
Pls note: This is a ongoing contract for 3 years, so any fix consideration is
not given in agreement, as and when the service provider(agent) raises
the bill on company (principal) , the co shall pay the bill after
deduction of the taxs as per prevailing laws.
regards
Sajjala
© 2026 LAWyersclubindia.com. Let us grow stronger by mutual exchange of knowledge.
Student loan---
Upto 4 lacs and in some other banks it even 7.5 lacs where banks are not to ask for collateral. On ground the things are different. The branch manager ask for the parents assets and liabilities and demand two bank gurranters , one of which has to be a serving govt servant.
Is it not heavily inclined for the already Haves and to deny the hapless Havenots who have produced children with merits and no moneybags.
Can somebody in this forum clarify whether this adhocism by the bank managers be legally challenged. And is there a NGO( Not funded by the govts of the day) which can fight this case for us?