Anonymous
22 October 2010 at 21:13
A trust doesn't have sufficient funds and dishonors a cheque. Later trustees prove that trust is bankrupt, are trustee personally liable under negotiable instruments act?
Gaurav Agarwal
22 October 2010 at 21:07
Is letter of credit used in service industry?
If yes, how?
amit upadhyay
22 October 2010 at 15:34
if there is no mention of a fixed time period in the agreement then in what way it will be interpreted?
Rajeev
20 October 2010 at 16:43
Greetings Members,
As per the provisions of the Section 252 of the Companies Act, 1956, a Public Limited Company needs to appoint at least 3 Directors in the Company. This minimum limit shall be maintained for ever till the time period the Company is not either wound up or become defunct.
My query is that, if suppose for a period of say 1 year this statutory minimum requirement of 3 Directors goes below 3 & not complied with, which means for a period of 1 year, if Company operates and transact all regular businesses with 2 Director, then what will be the repercussion. What penal provisions will be imposed on the Company as per the provisions of Companies Act, 1956.
Waiting for your quick response.
Thanks & Best Regards
Rajeev
Anonymous
19 October 2010 at 17:15
Respected Sir,
I Insurance my Two Wheeler from Reliance General Insurance. I want claim my vehicle damages.
Insurance Period From 03-06-09 to 02-06-10
In between caused accident on 06-12-09 and
Compliant to Police and First information Report dated 06-12-09 under section 297 & 337.
Date of Intimation to Insurance Company 29-04-10
After many time I send reminder to insurance Company.
Finally that insurance company refused the claim that
Reason for Closure -- Delay in intimation - 144 days
Now insurance company not to help me.
Please help and advise me what can I do.
With Regard’s
Anonymous
18 October 2010 at 18:17
Dear Friends
Our firm is based in Agra, we had a business dealing with a firm based in Delhi. All the transactions were done in Agra i.e. supply of goods, receipt of payment by cheque. But, as our Bank is CBS, the cheque was deposited in party’s bank in New Delhi. The cheque was dishonoured and we filed a suite under section 138 & 420. In the last hearing at the time of arguments, the judge told us that the suite falls under Delhi’s jurisdiction, as the offence was committed in Delhi and he mentioned about a ruling of Supreme Court.
Will appreciate, if some learned friend guides me, whether the suite is maintainable at Agra or not. Secondly, suppose it gets rejected at Agra, are we eligible to file a fresh suit in Delhi, as the suite is 4 years old, will we get the benefit of limitation or not,.( We mean that will the period of litigation in Agra court will be counted or not.
Will be grateful, if some noble soul provides us any ruling of any High Court or Supreme Court,in this regard.
Thanking you & with Best Regards .
M.V.S. RANGARAJAN
18 October 2010 at 18:02
In Clause 10.2(g) of EXIM Policy under Chapter Deemed Export Benefits (g)........ Specific Investment of Rs. 100 crore or more. What is meant by 'Specific Investment' exactly?
Anonymous
18 October 2010 at 17:44
Hello. Is a public sector bank also a public sector company. If so, under which provisions of the companies Act. Please note that public sector bank is governed under the Banking regulations act.
Kindly revert at the earliest.
Thank you in advance to all.
© 2026 LAWyersclubindia.com. Let us grow stronger by mutual exchange of knowledge.
reverse merger- corporate
Dear Sir,
Please advice me on the merger of two subsidiaries companies (having same business functioning of Waste Disposal facility);of one parent company. These two subsidieries are Ltd. companies and are incorporated under Special Purpose Vehicles of parent company. At present one Sub. company is profit making and another is under loss. Both the companies have consumed a part Govt. subsidies. Some subsidy installments are due to Govt. Both the subsidieries are having their plants at MIDC. is NOC of MIDC will be required or Might there be any hinderance on the part of MIDC for this merger? what will be th eprocedure to be adopted for Reverse merger. please advice me.