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Neeraj   23 March 2011 at 18:43

Multi State Credit Co-operative Society

Dear All

One of my clients want to start a Multi State credit Co-operative Society in Punjab

Can anyone guide in this

Alok saxena   23 March 2011 at 18:22

Designated Partner in LLP??

Whether an Advocate can be a designated partner in a business LLP (not a law firm LLP) in view of Advocates ACt and Bar Council Rules?? If so how?

Mukul Anand   23 March 2011 at 16:00

brand new car stolen, recovered badly damaged , want full insurance claim

Dear All,

One of my relative's brand new car was stolen from Chandigarh. The insurance co was informed but rejected the claim as the regn no was showing as recovered in NCRB. Later it was found to be an error.

Now after three months, the car has been found in a Naxal hit area of AP. It has bullet holes in it, and was persumably being used by some criminal elements. The car has been attatched as a case property in the local court in criminal case u/s IPC 307 against the said criminals.

What should we do now, We want insurance company to give us the insured amount as total loss.

Pls help. Cite some case laws where we can look for guidence

Thanx

Anonymous   22 March 2011 at 17:03

HElp in making Agreement


any one can help me in my query.

we are pvt new company and we have big project now for porject we need land , we have no money to purchase land.

so we want to make agreemet with land owner to give land for our porject and when that land sold for part of porject we will tranfer that money to land owner...

Anonymous   22 March 2011 at 16:57

Foreign investment in Partnership


Kindly clarify over the following:

FEMA regulations:

1.Investment in Partnership Firm / Proprietary Concern
A Non-Resident India17(NRI) or a Person of Indian Origin18 (PIO) resident outside India can invest by way of contribution to the capital of a firm or a proprietary concern in India on non-repatriation basis provided;

i. Amount is invested by inward remittance or out of NRE / FCNR(B) / NRO account maintained with Authorised Dealers / Authorised banks.

ii. The firm or proprietary concern is not engaged in any agricultural / plantation or real estate business (i.e. dealing in land and immovable property with a view to earning profit or earning income there from) or print media sector.

iii. Amount invested shall not be eligible for repatriation outside India.
2.Investments with repatriation benefits

NRIs / PIO may seek prior permission of Reserve Bank19 for investment in sole proprietorship concerns / partnership firms with repatriation benefits. The application will be decided in consultation with the Government of India.
3. Investment by non-residents other than NRIs / PIO

A person resident outside India other than NRIs / PIO may make an application and seek prior approval of Reserve Bank20, for making investment by way of contribution to the capital of a firm or a proprietorship concern or any association of persons in India. The application will be decided in consultation with the Government of India.

I) As per the above clause 2, what is the procedure( forms to filed) to get approval from the GOI to avail the repatriation benefits by NRI/POI? Can he repatriate the income earned over the investment without any GOVT approval?


II) As per the above clause 3, what is the procedure( forms to filed) to get approval from the GOI to enalbe a person outside India other than NRI/POI to invest in a partnership concern in India? Can this guy repatriate the invsetment and earnings without Govt's approval? If not, how to get permission for such repatriation?


kindly brief me the procedure to get approval for the above two cases .

regards

Anonymous   22 March 2011 at 14:38

Change of registered office

can u plz send me specimen of cover letter written along with copy of petition filed with ROC and specimen of affidavit varifying despatch,publish and service of notice to creditors.Doc. required for change of registered office from one state to another state

Anonymous   22 March 2011 at 14:09

court fee stamp

what will be requisite value of court fee stamp om memorandum of appearance in case of change of registered office from one state(Delhi) to another state(Haryana)

sajjala   22 March 2011 at 13:37

Memorandum of Understanding (MOU)


Can some one help me out with the copy of MOU which is signed before entering in to a Joint Venture agreement beteween two parties (JV is about - one party will give it's knowhow and training to other party in order to market the product of the JV Company) (It's a software product)

regards
Sajjala

Anonymous   22 March 2011 at 13:00

rectification of charge

Consequent upon delay of more than 60 days in filing form 8, application was filed u/s 141 of Cos Act to CLB and condonation was granted by CLB. Based upon that application moved to RoC for registration of charge when RoC detected incorrect date of the docuement creating charge.Now what should be done to carry out rectification of documents and also register charge. Please note that discrepancy in document is detected after CLB order. Whether CLB has to be moved again?

Anonymous   21 March 2011 at 23:43

Non Transfer/transmission of Shares in private limited co

Dear Sir,

My mother passed away after writing a registered will in my favour for the shares she held in a Private ltd company. But When I submitted the will and asked the company to transfer they are saying they cannnot do it citing that I should obtain a NOC from my brother eventhough the registered will is very clear..
Now the company is trying to sell of its assets and close down.
1.I am worried that I will not get my mothers shares/deposits transfered in my name and the companies other directors will siphone of the money because they conducted an egm to sell the assets
2. I am also worried that the company is not properly responding to my letters.

Now how do I protect my interest? Can I take a stay from HC for not selling the assets of the company still the transfer is complete? and can the HC appoint some one to sell the assets and distribute it fairly among the shareholders?