Anonymous
02 April 2011 at 10:01
Respected expert,
I take loan amount of Rs.30000/- for Micro Financial Institution.and since 3 months I am defaulting in depositing the interest.
Now my query is that the financial institution has power to take action against me as per the provisions of SARFAESI ACT.2002.???
i.e. what is the minimum loan amount that attract the provision of SARFAESI Act.
Anonymous
02 April 2011 at 09:40
Respected Experts
I there any standard guideline to be follow by the bank/financial institution before declare the asset or account to be non performing under SARFAESI Act.
Anonymous
02 April 2011 at 09:37
My father is a memeber of a plot purcahe type society of 19 members owning small medium and large flats.
This one of the (maybe only) societies that apportions repairs and maintenence expenses on all common areas like compund, terrace,landings .passages,pump room,compound wall etc on equal sharing basis .In almost all societies the sharing is on area basis except the common service charges.
The society is going for redevelopment wherin now one smaller flat holder is asking for equal sharing in additional FSI benefits by way of his having contributed to the expenses equally and also the fact that even in future he will have to share the burden for expenses in same way for maybe double the number of flats that may come up for the rest of the life of building.
Is his contenetion right. The byelaws and MCS Act 1960 are silent on same.
Whilst the Dy Registrar in 1990 gave an opinion on the request of larger falt owners that the expenses are to be shared, now he states that the smaller flat owner has to approach appropriate forum.
an anyone advice or is there any judgements?
Please advice
Anonymous
02 April 2011 at 09:33
http://www.openrti.co.cc/
Kindly visit the link. If the page have any problem, download the zip file. I have never heard of this type problem before. If anybody have seen this type problem, kindly post an article in this club.
The main question confusing me is "Why these are going on?" This is not a normal situation. Most people generally search legal advice in abnormal position. But this case is beyond my range. I can go to the Court and fight and win, but I failed to understand the reason on the actions. So I am putting the problem for the world. Kindly analyze and help
Anonymous
01 April 2011 at 21:09
DEAR SIR
I HAVE ALLOTED FOR A PETROL BUNK DEALERSHIP SUBJECT TO GIVE A SUITABLE PLACE ON LEASE FOR 15 YEARS AND A RENEWAL OF ANOTHER 15 YEARS.
MY LAND IS ACCEPTED BY THE COMPANY AND ALL THE NOC S OBTAINED FROM ALL THE COMPETENT AUTHORITIES TO ESTABLISH A PETROL BUNK.
NOW THE COMPANY INSISTING ORALLY FOR 30 YEAR AGREEMENT AND RENEWAL FOR THE SAME 30 YEAR PERIOD.
HOW DO I GET JUSTICE?.
THANKS
Pankaj
01 April 2011 at 17:29
Dear All,
If company issues a duplicate share certificate, whether stamp duty is payble in following cases:
1. When duplicate share certificate is issued in liu of:
a. Share certificate lost / misplaced
b. Sharecertificate measfisened / torned
c. Consolidated or sub-divided
Can you please guide on the stamp duty payable in state of Maharashtra?
One opinion received is that stamp duty payable only in case of lost share certificate and not in other cases as the origional share certificate (cancelled) is in the custody of company for atleast 3 years.
And whether maximum stamp duty payble on duplicate share certificate is ristricted to Rs. 100/-
Please guide me on above,
Thanking you all.....
Pankaj
01 April 2011 at 17:25
Dear All,
a company reduces its share capital by paying off Rs. 1/- per share to shareholders and there by Reducing the face value to Rs. 9/- per share from Rs. 10/- per share. (with high court approval)
The DD for the above are dispatched to all the shareholders.
However some of the shareholders do not claim the above amount and the same is remaining unpaid with the company under 'unclaimed scheme of arrangment'.
Now the question is if the amount remained in the unclaimed account should be transferred to IEPF account or which traetment sould be given after 7 years?
Anonymous
01 April 2011 at 15:28
would like to know the usage procedure of using Waybills as per AP VAT 1. VAT WAY BILL 2. CST WAY BILL I feel that Vat Waybill is being used for Sales affecting within the State Customers. Cst Way bills will be sent to Out state for purchase of good from the suppliers for Inter state Sales. Regards B.Prahalad Rao
Senior Executive Legal cell
Neeta Chemicals India Private Limited Hyderabad.
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rent control
considering the doctrine of comparative hardship and sec 21 of u.p.rent control act are there any recent case laws which would favour the tenant ?