SHIVAJI
20 May 2011 at 15:20
Please advise :- What does re-tendering mean? Does re-tendering nullify the previous tender actions? Is it that in re-tendering the price mentioned in initial tender cannot be altered.
Rahul Sharma
20 May 2011 at 14:10
PLZ TELL ME THE PROCDURE OF REGISTRATION OF EDUCATIONAL SOCIETY IN DELHI ALONG WITH REQUIRED DOCUMENT & FEES
ALSO PROVIDE OTHER RELEVANT INFORMATION
THANKS
RAHUL
Rahul Sharma
20 May 2011 at 14:06
PLZ TELL ME THE PROCDURE OF REGISTRATION OF EDUCATIONAL SOCIETY IN DELHI ALONG WITH REQUIRED DOCUMENT & FEES
ALSO PROVIDE OTHER RELEVANT INFORMATION
THANKS
RAHUL
girish parmar
20 May 2011 at 12:20
LC was presented by the seller to the advising Bank within the valaidity of LC. However the advising Bank delayed for one month in presentation of documents to the issuing Bank by which time the LC had expired. The advising Bank refused to honour LC citing the presentation as non complying. Payment was finally made by the buyer after removing discrepancy. However the seller has now claimed interest charges for late payment from the Issuing Bank. Place of presentation of documents is not mentioned in LC. My questions are as follows:
1. What is the role of the Advising Bank? Whether it only remains as an advising Bank or assumes its responsibility as nominated or Negotiating Bank? Whether the advising Bank's responsibility is lesser than nominated or Negotiating Bank?
2. Whether issuing Bank has the right to refuse to honour LC since since advbising Bank delayed in presentation of documents to the issuing Bank by which time the LC had expired?
3. Whi should pay the interest for delayed period?
Anonymous
20 May 2011 at 11:47
'A' company is ready to invest 100% for one project for power generation & B company is ready to facillitate them for local commitments. Now A & B jointly wants to enter into an agreement. As the B company is not at all investing but want some profit, can they form an Joint Venture Company having 0% stake of B in the JVC and a separate share holders agreement to share profits? or which mode is the best way?
Anonymous
20 May 2011 at 07:38
Hi, I am NRI and was cheated by a old friend in India. A hotel business was started under a private limited company in 2005 with our own funds, funds from our family and friends, and bank term loan. Since I live in USA, my mother-in-law was appointed as one of the directors. The other director was this bad friend of mine. This guy did not invest any money, nor has financial resources. But he was given 40% share in the company under sweat equity. Even for the bank loan we pledged our property as security. But this old bad friend has been looking after the business and has been not showing the accounts and sharing profits. Literally he occupied the hotel business threating us with false cases. The case is pending in CLB. But this is taking long time. Is there any other legal mechanism to release our security with the bank and recover our investment, if not takeover of the business?
Thanks in advance!!
Anonymous
20 May 2011 at 01:43
Respected Learned Members,
'A' and 'B' are two rival cable operators in same locality.
Monthly subscription fee for cable service fixed by the District Administration is Rs 210/- per month.
'A' has more than thousand subscribers whereas, 'B' has merely 100 plus.
Currently 'A' charges Rs 200/- monthly.
In order to attract/seize consumers from 'A', 'B' has reduced its fee from 200/- to 150/- (accruing loss)which 'A' can not afford.
Under this circumstance what 'A' can do to restrict 'B' from such illegal act under Monopoly & Restrictive Trade Practice Act/economic offences or any other relevant provision??? Kindly Help, it's urgent.
Gopal
19 May 2011 at 23:32
Dear Sir,
Recently we have came up with a plan for mlm business using insurance as a product. logically the plan is secure as company is not collecting any money from the market, but the insurance amount is transfered by the means of draft directly form the members to the insuarance company. the source of income of company is the commision for the insurance company. Further the income plan has been tested for input and output (financially) and made secure that company will not be in loss till next 1 lakh joinings.
The problem is we all the partners are expert from diverse fields but no one in experience in legal matters for a company, that why we need some sugessions about the legal matters in the formation of company and its activities.
Thanks
Priyamvada Rasal
19 May 2011 at 14:48
The shares are optionally fully convertble
preference shares....
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Releving letter
Dear sir,
I am Anandhan.N, I have problem in getting relieving letter from my last company cybernet slash support(Ambattur). Due to this i'm facing problem in my newly company Cognizant. I've joined Cognizant on 2nd May & has given limited time to submit the relieving letter.
I quit slash on 3rd March informing my manager and dropped a email due to health issues. I asked my manager's to approve it they did not approve. After that I spoke to the HR many times explaining my circumstances. Even I was ready to pay the notice period but, they denied to help saying no option available as such.
Kindly suggest how can I proceed further.