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sardul singh   05 June 2009 at 16:53

Parternership by Legal heirs of Karta of HUF

After death of Karta of HUF, the property of HUF was partitioned between the brother of Karta and legal heirs of Karta. And under the partition deed one of the business went to wife and 3 sons of Karta. Now, can these legal heirs become partners under a partnership deed to carry on the same business which was earlier carried on by the Karta of the HUF?

sardul singh   05 June 2009 at 16:38

Partnership firms in JV

Can two partnership firms join together to form a Joint Venture? Is there any legal impediment?

sardul singh   05 June 2009 at 13:02

Conversion of HUF into Partnership firm

Can a HUF be converted into a Partnership firm? If so, what are the formalities?

Dhrumil   04 June 2009 at 22:51

Companies Act.

Section 297 is applicable if the transaction is between private company and public company or between two private companies.However, section 297 is exempt if the transaction is between two public company. i want to know reason behind it.

Rajarshi Ghosh   04 June 2009 at 13:17

Personal loan by Pvt. ltd. co.

Company Name: AGPL Pvt. Ltd.(AGPL)

Background of the case: AGPL was incorporated on 20.01.2007. The main object of the company is trading of various kinds of goods. The company has, in the financial year 2008-2009, given unsecured loans to 3 individuals for Rs. 500,000/- each at an interest of 12% p.a. AGPL is neither an NBFC nor did it apply for the registration in the F.Y. 08-09.

Query:

1. Whether there is any restriction under Companies Act or any other law for the time being in force whereby a private limited company is restricted from giving personal loan as stated above.

2. If there is a restriction, under which statute is it

KamalNayanSaxena   03 June 2009 at 11:33

Bank Guarantee if can e invoked after its validity

Dear all learned members,

Under what circumstances a bank guarantee can be invoked by beneficiary after it's validity?

vikas   03 June 2009 at 10:43

stamp duty

Thanks to all of u for giving me answer,
but sorry to tell all of u that i had not get answer to my question.
once again i am putting my question infront of u expert.
- i have taken house loan for rs. 10 lakhs.
now banks say that do equitable mortgage & make the banks bhouja on 7/12 extract.
i am residing in jalgaon (Maharashtra).
when i went to talathi office, the responsible authority said me to pay stamp duty of rs. 5000/-.
but sir, as per bombay stamp duty act, i had already paid rs.1000 (i.e. 0.1% of loan amount as per Stamp duty act.)
Now according to my view, i am not required to pay any amount to said authority.
Please say me whether my view is wrong or right, & if i am wrong at any point then please suggest me what i should do?

Jitendra   01 June 2009 at 17:28

NBFC

What are the periodical compliances to be done by Loan Company and Investment company - viz. monthly, quarterly, half yearly, yearly etc.

Jitendra   01 June 2009 at 16:39

nbfc

compliance by nbfc

sahana   31 May 2009 at 23:04

Anti dumping agreement

hello all...can u pls explain me in detail regarding the concept of anti dumping agreement and its constructive remedies