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Anonymous   25 May 2010 at 14:02

Guidelines for NBFC formation

I would like to know what are the RBI guidelines and procedure for registering a company for NBFC

SUVIGYASAXENA   25 May 2010 at 13:51

Contract

My co. placed the order for puchasing of cloth for spcified quantity,Co. made an advance. On inspection it was OK but on delivery we found that it was not as per the specifications, order cancelled at that moment we have reports of Northetn India Textile Research Association, shows that counts , Mass , Density is not same as per the specifications mentioned in the perchase order, our purchase order was changed by making forged sign and mentioning the changed specifications of quality, party is claming for balance amt. of payment. kindly send your advice at the earliest.

VIJAY K. TEOTIA   25 May 2010 at 12:50

Non perforfance of contractual obligations

A dispute regarding non performance of a machinery arises. what is the proper forum for filing such complaint. is it consumer court or before MRTP. I understand that MRTP has been subsituted with Competition Act. What type of disputes may be referred under competition act and before which forum.

Anonymous   25 May 2010 at 12:45

Masters in Business Law

Hi,Iam a Cost Accountant & CA Inter.I want to know whether doing a Masters in Business Law from National Law School carries the same weightage as the LLB?Is it good enough to start practicing as a Business Law Consultant?Can anyone guide me.

VIJAY K. TEOTIA   25 May 2010 at 12:33

International arbitration

In an agreement with foreign company, which law will govern the performance and execution of agreement. the place of execution is a foreign country. indian company will provide consultancy services along with deputing its employees for technical working of the foreign company. further for arbitration at a neutral country by which law such proceedings will be governed.

jyotirmaya behera   24 May 2010 at 16:37

difference between diplomacy & agent

what is the difference between diplomacy & agent ?

Anonymous   24 May 2010 at 16:21

Money Suit

My firm had taken a franchisee of a company headquartered in Bangalore. After making them the payment of full franchisee fees of Rs 5 Lacs (inclusive of 2.5 lacs as refundable business deposit) via cheque, the company didnot perform and failed to provide us with the services offered by them.

We dont even have a written agreement with them. We then left the franchisee, and asked them for the total amount back. The company said that it would refund only Rs 2.5 Lacs which was paid as business secuirty deposit. We have receipts of Rs 5 Lacs paid to them.

Can I claim full refund from the company via law ? What legal steps can I take against the company for refund of full amount ?

Please advise your charges for money suit for Rs 5 lacs inclusive of all charges.





sachin   24 May 2010 at 00:45

Section 138

Is the photocopy of bounce cheque is valid to file case under section 138. I have misplaced the orignal intrument, but the photocopy.

Anonymous   23 May 2010 at 15:44

CPWD Arbitration

On dispute with a Small Scale Unit , the CPWD appointed an Arbitrator, from its own department. While publishing the award , the Arbitrator has granted interest under the Arbitration Act and not under the Interest on delayed payment to SSI act, although the same was asked for, taking the plea that Arbitration is under the Arbitration Act 1996 and not under the Interest on Delayed payments to SSI Act.
Is this legal namely when SSI units take loans from Banks and pay interest to Banks on monthly basis ??
What are the quick remidies ??

Tirupati International   23 May 2010 at 15:37

Arbitration

A Small Scale Industrial Unit has received two awards made by the Learned Arbitrator appointed by the DGBR (Director General Border Roads).
a)The awards were challenged by the Chief Engineer although the Arbitrator were his own collegues appointed by DGBR.
b) On enquiry it was revealed that it is a Gov.of India policy to challenge all awards .
c) The very purpose of the Arbitration Act , as a forum for quick resolution of disputes is defeated , if it is correct that Gov of India has given directions to challenge all awards.
d) The award took 2 years to be published.The Dist Court took 3and a half years to uphold the award.
e) The matter lies before the Hon.High Court now for 2 years.
f) Although the Interest on delayed payments to SSI units makes it obligatory for the Organisation challenging the award to deposit 75% of the value of the award in Court, is it true that awards can be challenged without such deposit and cases kept pending for justice for years together ??
Can learned friends guide a way for quick disposal.
The SSI unit is in brink of collapse and is there any way to assist speedy disposal.??