Anonymous
29 December 2010 at 17:06
I an authorised agent of LIC of India and want make a MLM company for business promtion. i want no that thare are required any registration in any law and waht is prosess.
and know that insurance agent (Individul) can distribut his commission to another for business promosion in cash or in kind of cash.
Thaks,
Ramavtar Sahu
tisa
28 December 2010 at 16:04
I have a doubt in connection with the formation of a company.
I with other two people started discussion about starting a company. We had discussions of starting a educational business and shortlisted some name and given it for approval of MCA and these names have not been approved. By this time I decided to backout due to some personnel reasons.
After that other two continued this discussions for starting a construction company and they have applied for a name for this business. But they forgot to remove my name from the application which was forwareded by a chartered accountant. Now the name of this company is sanctioned and when it came to incorporate it is noted that my name was there in the application.
Now this CA have advised to get a NOC letter from me stating that " I was a co-applicant for this name but due to some personnel problems I canot join this company and continue in this company. I have no objection in other two promoters continuing with this name and company"
But for me I was not a part of the discussions when this new business(constuction company) was discussed and name was proposed. So is it ok to say that "I was a coapplicant for this name" which is not true. Will there be any other legal issues in future as I am presently employed in a private firm?
kindly advise me..
Anonymous
28 December 2010 at 16:01
I with other two people started discussion about starting a company. We had discussions of starting a educational business and shortlisted some name and given it for approval of MCA through a Charterd accountant and these names have not been approved. By this time I decided to backout due to some personnel reasons and this educational biz discussions were stoped.
After this other two continued discussions for starting a construction company and they have applied for a name for this business. But they forgot to remove my name from the application which was forwarded by a chartered accountant. Now the name of this company is sanctioned and when it came to incorporate it is noted that my name was there in the application.
Now this CA have advised to get a NOC letter from me stating that " I was a co-applicant for this name but due to some personnel problems I canot join this company and continue in this company. I have no objection in other two promoters continuing with this name and company"
But for me I was not a part of the discussions when this new business(constuction company) was discussed and name was proposed. So is it ok to say that "I was a coapplicant for this name" which is not true. Will there be any other legal issues in future as I am presently employed in a private firm?
kindly advise me..
Regards,
tisa
Anonymous
28 December 2010 at 13:11
Dear Members
'A' company from London is executing 'deed of guarnatee' with 'B' Bank for availing a loan of Rs.20 lakh. The 'B' Bank is in Australia.
But 'C' is the Guarantor from Bangalore and giving garantee to the 'B' Bank on personal capacity.
Let me know whether stamp duty payable by 'C' on 'Deed of Guarnatee' or duty is applicable as per Karnataka Stamp Act.
All 'A' director are from Bangalore.
According to me Rs.200/- stamp paper is enough. Or else.
'C' has to pay any duty on Rs.20 lakh
It is very urgent.
Please
Raghavendra M K
27 December 2010 at 22:38
sir i am a former. my nieghbering former bought a housing loan of 1 lack rupee in a nationalised bank. he mortagauged his 28 guntas of garden land worth 3lack rupee and paddy feild of 28 guntas worth 1 lakh rupee.and total income of this party is aproximatly 75 thousand. this loan was bought five years back up to today he not returned single ruppe to the bank. loan term is 10 years.I am gurenter for this loan. how can i get safe from this clucth of bank and borower. what is my respoonsibilty? what can i do if he not pays the loan?
can i get any legal solution for this?
please help me
Debashis Mandal
27 December 2010 at 18:45
Respected Experts
If we apply for a company name approval to ROC through Form 1A & such - we also chacked the name availability in ROC site & also we given all the required details whatever is needed for name sellection like - name significance & object of the co - but ROC is not giving that name then is there any superior authority to whome we can apply for name approval.
Pls. reply soon
thanks
Debashis Mandal
Anonymous
26 December 2010 at 23:17
dear sir,
i wants to know clear about Indian depository Receipts , Global depository receipts and American depository receipts . their functions and duties , issuing bodies and governing authorities , differences between these three especially IDR and ADR's procedure functions .
let me know please ,
thanking you sir
Debashis Mandal
26 December 2010 at 20:27
Respected Experts
what is the stamp paper duty is to be paid for registering a partnership deed
Thanks
Debashis Mandal
Rajesh
26 December 2010 at 15:09
Hi All,
I am forming Part IX company. Existing partnership firm has 2 partners, but i had introduce 5 more new partners and i had made Reconstituted partnership deed cum agreement for conversion of partnership firm into company.
I had obtained din of 2 promoters who will be directors and dsc of 1 director.
Now, I want to fill the Form 1A, but I want to know the attachments required with it. As per my knowledge, latest balance sheet of firm should also have to attach. But I want to know whether Balance sheet should be of audited B/s of March'10 or the latest copy of B/s upto Dec.'10 certified by CA. Also do anyone have the format of consent letter, resolution passed by partner to convert firm into company.
Also, please suggest me whether MOA and AOA should be prepared before filing Form 1 ? Do any one have format of MOA and AOA of Part IX company.
Please guide me with these all and if needed i'll ask again the related queries.
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