P.C. Joshi
12 November 2009 at 19:37
pls let me know whether a board meeting is required to be called by a company for taking on rec ord limited review report where the L.R. was conducted after publishing unaudited results.
From the reading of clause 41 I understand that taking on record of LR by the board is necessary only where there is variation of 10% or more in the net profit/loss.
Pls revert.
Regards
P.c. Joshi
R V SHASTRY
12 November 2009 at 19:08
Dear Sir/Madam,
I would like to know whether Section 283 subsection (h)of Companies Act 1956 is applicable to a private limited company which is not a subsidary of a public limited company.
Thankyou.
Anand
12 November 2009 at 01:52
Sir,
We had taken a term loan of Rs.40 lacs from a multi state schedule bank in the year 1999 (april to be precise ). To be repaid in 42 months.
But the things went totaly the other way and the project remained incomplete due to shortage of fund. As the actual amount required was more than double the loan sanctioned.
The bank never disburssed the promised additional amount (verbal promises only ) and for about 4 years we hanged on to get some help from the bank.We then lost interest and ability to do anything further.
Now suddenly after all these years they last year june sent us a notice to remain present before an arbritator appointed by bank itself. we attend the dates but what
we want to know is , , ,
Is not our case time barred after so many years ? ? ? ?
We have never given any commitment in writing to the bank for repayment ? ?
Bank had sent 2 / 3 reminders by ordinary posts ? ? ?
Can some one from the Lawyers Club help me
and guide me ? ? ?
My friends tell that its time barred and no need to worry But I want to have a legal word for this and to know about Limitation Act for time barring recovery by bank.
Pl help me as i am in dark about the future development.
Anand
Anonymous
11 November 2009 at 19:02
A Private Limited /Limited Company recieved deposits from General Public and failed to repay /return the Deposits to the Depositors.
In AP-Under Protection of Depositors Act- The Dist. Collector ( in Districts) and Commissioner of Police ( in Hyderabad ) are the Competent Authorities to deal with claims of the Depositors against the Trader /Firm /Person who received the deosits
I request the opinion -
Whether the Company Registered under Companies Act, can dispute the Authority of the District Collector under Depositors Protection Act, if a claim is made against the said Company before Distirct collector !
Tipsy
11 November 2009 at 16:36
In Maharashtra what is rate of stamp duty on Bills of Exchange with a tenor of 365 days and value is Rs.10864000 ? what is mode of payment for duty paid, is it by sp adhesive stamp or franking where is it done in Mumbai, the Bill of Exchange is to be unsigned during franking ?
Anonymous
10 November 2009 at 19:31
Dear All
I invested 50 lacs rupees in a pvt limited firm and became a director. I have 25% shares in my name how ever the MD of company has not given me any share in profit as well as directors salary. On scutiny of accounts i found that he along with other director siphoned about 10 LACS RUPEES for his personal use since may 09.
please advise what can I do to this company md and other director who happens to be relative of MD
Regards
saravanan
10 November 2009 at 16:07
hello friends,
i got a house in way of auction by successful bidding.they have executed sale deed in my name.i transferred all revenue records in my name but the auctioneers had not given me possession, so what is the procedure of getting possession?
Anonymous
10 November 2009 at 12:24
Dear Experts,
Please provide me with a case law on foreign collaboration under Research and Development Cess act...
its urgent....
Anonymous
10 November 2009 at 10:20
How i can get a list of advocates practising in various courts and diffent part of India. (Only practicing).
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