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Anonymous   07 April 2011 at 12:16

foreclosure charges on cash credit account

Whether a Bank can levy foreclosure charges in respect of a CC account?

Battula Manikumari Apparao   07 April 2011 at 10:19

Collection of outstanding amount

Respected All,

My company is facing problem with payments due of client. Clients are taking the goods and not paying the bills, is there any effective way other than filling a civil suit for recovery of money under CPC? Because civil cases takes along time and company wants money earlier and it is not possible to go all the time for recovery cases, i suggested my marketing dept.to work on PDC in further cases. There are many client of company who are liable to pay the amount Rs.20,000/- to 50,000/- in various state.please suggest effective way to deal with debtors. Any other laws which are governing for such type of recovery?

Anonymous   06 April 2011 at 16:10

Payment not made against supply of goods


Mine is a proprietorship firm. I have supplied chemicals to a pvt. ltd. firm during the year 2004-05 and 05-06. As the said company defaulted in payment, I stopped supplying chemicals from April 2006. The outstanding at that time was around Rs 7.5lakhs. The company paid back around Rs 2.5lakhs in bits and parts thereafter till november2009 and then stopped paying completely.
I have sent them a notice through an advocate but they replied back denying the allegation. I now intend to go to court but I have lost most of the supply challans which is the proof of delivery. The only proof would be their balance sheet. I am sure my outstanding must be reflecting in their balance sheet. Please let me know whether i should file the case against them. Thanks

Anonymous   06 April 2011 at 15:59

M.R.P. RULES


OUR TRADE ITEM: DOMESTIC AND INDUSTRAL SEWING MACHINES, SPARE PARTS, NEEDLES ETC
COVERED UNDER H.S.S. 84.52 WE WISH TO KNOW THAT OUR ITEMS COMES UNDER M.R.P. ACT AND IS IT REQUIRE TO PUT M.R.P. STICKER ON PACKED ITEMS. WE ARE DELAER/IMPORTER OF THIS ITEMS.
INDUSTRIAL SEWING MACHINES AND SPARE PARTS ARE USED IN GARMENT INDUSTRY

Anonymous   06 April 2011 at 15:56

Trade Union


I kindly request you to provide me information on Trade Unions in Pune. How long can a Company(new organization) be free from Unions. How can we restrict Unions entering the Company.

Please provide me the Shops and Establishment Act 1948 also.

Thank you in Advance.

Anonymous   06 April 2011 at 15:32

notice


Dear Sirs,

I had entered into an agreement for the purchase of a piece of land with another person and paid him an advance of Rs.ten lakhs. But when he did not get the plot registered in my name in spite of me being ready to pay the balance, I sent him a notice for performance of his part of the contract. Now, if instead of filing a specific performance suit, i file a money recovery suit, do i need to send a fresh notice. Please let me know.

Thanks.

Anonymous   06 April 2011 at 15:17

Merger and Acquisition


Respected All,

Kindly tell me what is the Transfer date and what is the effective date for the amalgamation within the meaning of section 391-394 of the Companies Act. Further what would be the right exposure for a in house Corporate Lawyer in such work. I have been entrusted with the work to prepare the scheme, notice to the share holders for general meeting, get the same approved by our learned lawyer, and to represent one company in the general meeting to be held in next month. Is it sufficient exposure for me? And regarding the application for Court order, for exchange ratio of shares etc can i have an entrance into the same being a qualified (non registered with court) Lawyer? Kindly advise.

Anonymous   06 April 2011 at 15:05

Direct Tax Code, 2009


Hello experts

1)When i was reading the direct tax code, 2009 a section say that between the assessee and the ITO, A.O. Or any higher authority will be designated as a civil court . so can i say that the conetmpt of court act, 1971 is applicable if any contempt occurs.

2) as i it also say that between the assessee and the ITO, A.O. Or any higher authority any proceeding will be considered as judicial proceeding so i think that the conempt of court act, 1971. also pls tell me what is the meaning of judicial proceeding.

Thanking u all experts in advance.

Anonymous   06 April 2011 at 15:04

nomination not registered b society


WE ARW MEMBERS OF CO OP HSG SOCEITY (REGD) SINCE WE ARE OWNERS OF A FLAT IN MUMBAI.
DESPITE SUBMITTING THE NOMINATION FORM IN PRESCRIBED FORMAT THE SECRETARY OF THE SOCIETY HAS NOT YET REGISTERED OUR NOMINATION AND THE DUPLICATE COPY IS NOT RETURNED TO US.
Many reminders were sent orally , in writing including taking up the matter with the Managing committee who also took up the matter in the said meeting but still no response since 3 years. Even THE SECRETARY IS NOT ACKNOWLEDGING THAT WE HAVE SUBMITTED THE NOMINATION FORM. ORALLY THE SECRETARY INFORMS THE WORK LOAD IS HEAVY MATTER IS PENDING AND THERE IS NO HURRY AND THAT WE SHOULD NOT WORRY.
WHAT ACTION CAN BE TAKEN AGAINST SOCIETY AND ITS CHAIRMAN PLEASE CLARIFY SHOULD WE REFER THE MATTER TO REGISTRAR OF CO OP SOCIETIES WHERE IS THE OFFICE IN MUMBAI OR SHOULD BE SEND LEGAL NOTICE DEMANDING 10000/= AS INTERIM CLAIM FOR MENTAL AGONY TORTURED. IF THE SOCIETY FAILS TO PAY THE DAMAGES SHOULD BE APPROACH THE COURT OF LAW.

Anonymous   06 April 2011 at 14:53

Property got in Company Petition

By a High Court Order in a company petition U/Sec 391 & 394 if one company got some immovable properties, there is no doubt that the particular company became the absolute owner and having good title over it. On the basis of the High Court order mutation in revinue records can be carried out.

Is it required or mandatory to register any document in the SRO for the purpose to create an entry in the record of SRO. If required what is the name of the document, why and what is the stamp duty.

Please suggest.