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Anonymous   29 December 2009 at 11:06

NBFC

Respected Sir,

We want to incorporate a Loan Company (Private Ltd), NBFC (Not Accepting Public Deposit) which will not be "Systematically Important."

The Main purpose of this NBFC is to finance his group companies. It will accept ICD from other companies

In this regards we have following queries.

1)A Loan Company-NBFC( non accepting Public Deposits) can give a loan/ICD to Group company?

2)A Loan Company- NBFC( non accepting Public Deposits) can raise ICD from other companies / outside Group companies ?

3)What is the definition of “Group company” – from perspective of a Loan Company NBFC.? Is there any relevant section / clause under the RBI Act / any other relevant Act/Rules?

Kapil Karia   29 December 2009 at 10:57

Private Limited Company and proprietorship firm

Can a Private Limited company have proprietorship firm, as one of its division or concern, one of its director being the proprietor? How would be the liabilities of propritorship firm dealt?

Anonymous   28 December 2009 at 11:30

purchase of sole propeitorship

sir
plz tell me how to takeover the business of sole propeitorship in following situation

we have a business as sole propeitorship the owner of which is mr. A and he has formed a pvt company with his friend to do the same business now what procedure should we follow to acquire the business of sole propeitorship which would attract less formalities and tax

Iqbal Singh   26 December 2009 at 21:51

Industrial Unit in RIICO- Bhiwadi-Rajasthan

I am NRI ( non resident indian)living in Kuwait sine many years. I applied and got a NRI quota Industrial Unit- Plot of land for a factory in RIICO- Bhiwadi. I paid full payment for the plot a few years ago. As per terms I was supposed to finish construction and show production from factory. I did not construct nor show any production. RIICO penalised me for the delay and gave me 45 days time to construct and show production from factory.

My query is " how can I obtain resonable time to construct and show factory with production of AUTO parts.

as I am living in Kuwait and a heart patient, I need advise on how to avoid the cancellation of the PLot as threatened by RIICO.

I await good advise and help in this matter. I will come to Delhi and RIICO in january 2010.

Iqbal Singh   26 December 2009 at 21:47

Industrial Unit in RIICO- Bhiwadi-Rajasthan

I am NRO living in Kuwait sine many years. I applied and got a NRI quota Industrial Unit- Plot of land for a factory in RIICO- Bhiwadi. I paid full payment for the plot a few years ago. As per terms I was supposed to finish construction and show production from factory. I did not construct nor show any production. RIICO penalised me for the delay and gave me 45 days time to construct and show production from factory.

My query is " how can I obtain resonable time to construct and show factory with production of AUTO parts.

as I am living in Kuwait and a heart patient, I need advise on how to avoid the cancellation of the PLot as threatened by RIICO.

I await good advise and help in this matter. I will come to Delhi and RIICO in january 2010.

Anonymous   26 December 2009 at 20:51

Partnership claim queries

Hi,

I run a partnership firm with 2 others and am stuck in a sticky situation where one of my partners has been involved in frauds and what to ask him to leave .However do not want this to cause any obstruction in the working of the company.

He has not signed the partnership deed with us.
However his name is mentioned as a partner in the IT files.

Can he claim anything from the company or obstruct its working.

sandeep kumar   26 December 2009 at 16:24

limitation in arbitration

Plz tell me

1.what is the limitation for arbitration in a contract .

2.From when it should be calculated. from date of cause of action arose or from date on which court ordered to go for arbitration.

RAVI ARORA   26 December 2009 at 16:05

issue of share certificates agst. royalty amoount

we will be making a JV co. with a foreign partner . Indian co. will have a stake of about 80% .It has been decided that the foreign co. will not pay cash for its part of investment in the JVCo. and they will contribute through licensing of IPR rights . Now while issuing shares to them , there will be valuation issue . We shall be filing form 2 with ROC (allotment of shares without consideration in cash ). Apart of the valuation issue is there any other issue of FDI involved in this transaction .Can I solve the issue of valuation by License agreement and make the issue of shares at par .regards
ravi arora

J K Agrawal   26 December 2009 at 14:28

Dispute in Foreign trade

An Indian firm advanced full amount to a foreign supplier of England. He sent goods after 6 month of scheduled time and the goods is of very poor quality.

What is remedy. where and which court has jurisdiction. By which act the matter is governed?

Anonymous   25 December 2009 at 18:41

Detailed Partnership Registration procedure in Maharashtra

Sir, i want to know about partnership registration procedure.
(1)Detailed Partnership Registration procedure in Maharashtra state
(2) Which Form have to be used?
(3)How much registration fees will be applicable today?
(4) any other guide on related matter