Anonymous
04 March 2011 at 09:46
Dear learned experts. Kindly guide me in the following matter.
One of my friend was a broker at Calcutta Stock exchange.In one case with SEBI, Calcutta, an adjudicated penalty of Rs.10lakhs was imposed on him. He is very old now & have closed his brokerage firm. He has no fund to pay the penalty. He has appealed to SEBI to book adjust his Base Minimum Capital of Rs.12 Lakhs kept with Calcutta stock Exchange. SEBI is refusing to do that & asking for the penalty money threatening dire consequences if not paid. My question is.
(1) What is the remedy now? Whom he should appeal to against the adjudication order?
(2) He is really unable to pay the pemalty. His Base Minimum Capital is blocked with Calcutta stock exchange & can not be released with out SEBI's permission. Can it not be adjusted with the penalty? What is the procedure for it? Whom should he appeal to?
A quick response is needed as he got three reminders from SEBI to pay.
Thanks in anticipation
Saran
03 March 2011 at 21:40
Hi Experts,
I am Saran and I have been working in Singapore for 5 years. I had studied here previously. With one of my friends I would like to start an education consultancy in India, which will help students from India to learn in Singapore including getting student visas upon getting admissions. What are the procedures to follow to start this consultancy. Please explain....
Anonymous
03 March 2011 at 12:28
Dear Lnd members
please clarify that whether advertising on our own or contract Vehicles which are running in the (Bangalore) city for supplying materials to our own outlet needs any special permission/ licenses from any Act? whether if fall under
Karnataka Municipal Act or Karnataka Motor Vehicles Taxation Act?
Whether is there any mandatory to pay advertisement tax on vehicles?
Anonymous
03 March 2011 at 09:01
I am collecting in cash Rs.6500/- pm from my paying guest and issuing a receipt for the same. Pl. advice if I am required to afix a revenue stamp on the receipt.-Regards.
Anonymous
02 March 2011 at 19:48
Dear Sir,
My grandfather had two properties in his name. By his will he willed the same to
my fathers HUF. My father died in 1983 & willed the same to us 4 brothers. In
his will he has not given any share to my mother.
Dear sir,
My grandfather by will gave his property to his son’s huf only(my father’s huf)
by will . my father in his will mentioned that “ I bequeth my share in assets of
huf in equal share to my four sons” he specifically mentioned all the huf
properties he had and directed them to be divided equally amongst four sons but
didn’t mention the name of the property in question however in the index of
properties it showed that he had 1/6th share in the property in question .he
further mentioned that
“besides the above, as to whatever property or effects of mine be there at
present or which I may herein after create or happen to be there in any
circumstances and to which I may have right, title or share or to which I may be
entiteled, the mention whereof and the disposition where of might have been left
out to be made in this my will, I direct the said entire property and effects
shall be give to my four sons”
“ I further direct the executors and trustees of this my will to distribute the
residue og my estate to my four sons”
Now the question is
a> can my mother claim share in the property even though her name was not
mentioned in the will?
b> can we deny my mother her share(because as per her will, she wants to give
all her property to only two of her sons) since the property was not self
aquired property of my father netiher her?
c> Also can she will the same property as per her wish (Effective after her
death)
Anonymous
02 March 2011 at 15:37
Excise Duty On Branded Garments imposed 10%in Union Budget 2011.I Wants to know that what is the defination of Branded Garments and is there are some relation to Small Manufacture in Excise Act For Registration
Anonymous
02 March 2011 at 13:13
sir, is there any possibility of claiming 50 % of income by proprietorial firm without having any partnership deed or any written evidence.what could be done in such case.
Himadri Shekhar Bhattacharjee
01 March 2011 at 22:10
Sir,
I have a current account with Punjab National Bank. The bank has made a wrong debit of Rs 10000 to that account on 04-06-2010. Inspite of my repeated letters, the bank is not capable of providing me the statements and justifications for the debit and keeping mum in spite of my letters. Sir, please let me know the remedies I may ask for and the avenues for doing so.
Thanks.
Himadri Shekhar Bhattacharjee.
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