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P.C. Joshi   25 October 2009 at 00:14

MOU with a foreign concern for business co-operation in Indi

A Ltd a well known company in communication accessories in India wants to enter with a foreign conern who is alos in similar field to develop market in India for the prodcust manufactured by the said Co. for mutual business interets of both the company.Subsequently after experiencing this mutual co-operation between the company under the abovesaid MOU where no monetary consideration is involed, both the company willing to enter into a joint venture/colleboration in India. The query is whether there is any applicability of FEMA regulations in the intitial MOU or afterwards entering into the joint venture or colleboration. Members, pls share your views.

Regards

P.C. Joshi

Anonymous   24 October 2009 at 20:08

Collection of insurance premium in installments !!

Dear sir,
I want to know about the above subject in details whether first year life insurance premiums can be collected in installments or not personally from customers under certain schemes? Helping them to purchase the policy in parts, as when the customers tooks the policy by paying the balance amount in full, giving them an opportunity to earn more out of the commission the respective agent will earn that he will distribute the same ahead through the respective scheme of his.

please answer, my email id is sasankar.boruah@rediffmail.com

thanking you

sasankar boruah.

kirtirani sole   23 October 2009 at 21:56

business law

Resp. Sir/Madam
we r going to organise seminar on Business Law but we don't want it would be only bookish... so I request,please suggest us current practical problems in corporate laws i.e. company law, SEBI, Contract,Insurance,NIA,Insurance,Banking, Consumer Protection... We r student of Law Faculty so problem should have that perspective...
& also please suggest dignetories in concerned field.
Thanx n regards.

Sumir   23 October 2009 at 21:00

Tenders

Under which condition it is binding for government to file tenders? WHich are relevant laws to tenders? I want complete A to Z information pertaining to tenders.

Poonam   22 October 2009 at 22:13

Sole proprietor - Egistration

Since in case of a sole proprietorship, no documents / paper work is required except for certain registration of trade licence etc.

Kindly let me know whether a sole proprietorship can be run only in the name of the sole proprietor or we can have some other name like Pyramid education.


Also, please let me know, in what cases the trade licence is required and from where the same can be obtained ?

Thanks

Poonam   22 October 2009 at 22:06

Registration of a Sole Proprietorship

I want to start a Educational Institution as Proprietor.

I will be required to open a bank account. Can you please guide me as to what documents I need to open a bank account.

I have heard that banks do not open account without registration and also heard the Sole Propritorship does not require registration.

Kindly let me know the registration requirement of s sole proprietorship and the compliances under the companies Act, 1956, if any

santosh   22 October 2009 at 21:27

Resignation form a Pvt Ltd Company

Dear Friends
I need help where in i am a director of a PVT.LTD Company and as I have seen that the other directors are not working properly or are not intrested in this company I would want to resign and when I expressed this to the other directors they told me I can resign if I pay up the money that they have a put into the company and then they still want to run the company by them self but they want me to pay up for all the current balance that the company has.
As a director am i liable for payments the company has to receive , i have told them that I do not want my paid up capital of Rs.2.5 Lacs and the salary pending of another Rs.2.00 Lacs but they are saying that the company has a negiative of Rs.40.00 lacs so I need to pay before I leave but in that Rs.40.00 that the company is negitive the payments that are yet to be received is around Rs.35.00 Lacs so the total negitive is only Rs.5.00 lacs and I have told them I do not need any money from them but just want to get out of this relation but they are saying that I can only resign if I pay Rs.40.00 Lacs or else I will be liable for all the losses is this true kindly help me.
Regards
Santosh

chandranil S Belvlakar   22 October 2009 at 16:25

Closing part/division of business

Dear Experts

If I am closing a part/ division of my business then does I require General Meeting approval ( section 293).

Such division is merely one part of production process

if not then which type of Resolution is required

we are manufacturing company

chandranil S Belvlakar   22 October 2009 at 16:05

Closing part/division of business

Dear Experts

If I am closing a part/ division of my business then does I require General Meeting approval ( section 293).

Such division is merely one part of production process

if not then which type of Resolution is required

Raja Rajeswari S   21 October 2009 at 16:22

Motor Insurance

A car which has proper insurance coverage was damaged due to the fall of tree over it by accident. But the inusrer refuses to the claim for the damages caused to the car. On what basis the coverage of insurance for a car is decided? what are the conditions to be satisfied to claim the damages?