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ketanpopat   27 May 2015 at 21:42

Partnership firm

Hello Experts,

We are planning to make a partnership firm with 20 partners, each will contribute Rs.50,000. Our firm will engage in trading business.

We have some questions: Can any partner(e.g. partner A) from our firm borrow money independently on behalf of firm? If yes, then lets assume that partner A runs away with that money(considering that he borrowed in cash), then is there any way to protect firm or other partners from that liability?

Please advice, thank you.

rajeshs   27 May 2015 at 13:19

Convertion of education society in to a trust in karnataka

Sir, I have 1 question regarding trust, I need your valuable advice.
1) Is there any possibility that an "Educational society can be converted into a trust" (transferring all the assets of the society to trust) specially in Karnataka.
2) If yes, then what are the procedure to do so.
Sir, I read in law club India that To convert society in to a trust, a special government order is required in Karnataka. Moreover if the society is running an educational institution it has to comply with the provisions of Karnataka Education Act 1983 along with the other formalities.

3) So Sir, Please let me know which Government approval is needed is it state or central and what are the procedure to apply for the above said Govt approval and other procedure to convert an education society into trust.

Thanks in advance.....

Arti Rawat   27 May 2015 at 11:21

Breach of contract through non payment

Dear Sir/Mam

There are two parties Company A and another is government authority, entered into contract for providing consultancy services to govt. authority. Company A has completed there part and sent invoice on 28.11.2011 for which payment has to b made within 60 days, as required by the contract but no payment made by the govt. authority and inspite of sending letters for payment no reply was received from the authority side.

As on date is the claim time barred by limitation act, even if the contract is still alive or we can still file a civil suit?

What remedy we can adopt ...
1. is it recovery suit;
2. breach of contract;
3. or can we ask for interest on delayed payment even when no clause is there for interest in the contract or any other?

Please Guide

Sreeranganath T V   26 May 2015 at 16:53

Gratuity eligibility.

Sir, I worked in private organization at Bangalore from 18th August 2010 to till this moment without any break. Can u help to confirm whether I am eligible for Gratuity or not. Based on your direction I move for some other decisions. Kindly guide and advice. If eligible how the calculation is. If not eligible why. Expedite.Please update on my mail. Thanks and Regards.

Kushal   23 May 2015 at 00:19

increase in authorized share capital by a small company as defined u/s 2(85)

My company is a private limited company. Since the share capital is Rs. 15,00,000 which is less than Rs. 50 lakhs and the profit for the last year is less than Rs. 2 crore, it fits within the definition of Small Company u/s 2(85) of the Companies Act, 2013. Now, I want to raise the authorized share capital to Rs. 1 crore. As per the Fees Table, a Small Company is liable to pay Rs. 2,000 upto share capital of Rs. 10 lakhs and Rs. 200 per Rs. 10,000 after the first Rs. 10 lakhs and upto Rs. 50 lakhs. However, since the revised authorized share capital would be Rs. 1 crore which exceeds the limit of Rs. 50 lakhs, I am confused if the company would be considered as a small company for this particular transaction or not. Accordingly, the RoC fees would vary. This is because a normal company has a different fees schedule and charged heavily, whereas a small company has exemptions due to which the fees charged is negligible. Hence, I want to know that what will be the RoC fees payable on e-filing of Form SH-7?

jitesh kumar sethiya   22 May 2015 at 16:26

Can i supply priscription medicine to at patient home

dear sir.
i want to start a bussiness in rajasthan. my plan is that to supply prscribed medicine to patient at their home by collecting order from them by whatsapp,phone and msg. and also i will keep there priscription to me for record.i will open a medical store in my city also i will give bill to patient.
so my question is that is it possible or not in rajasthan.is there any law for home delivery medicine.

suraj kumar singh   22 May 2015 at 13:01

Winding up

Dear SIr,

I wanted to know that whether a central/state PSU or a government company can be subject to winding up in case they are unable to pay the debt as per the provision of Section 271 (1)(a) of Companies Act, 2013.

Is the procedure of winding up of a government company is different from a company which are not government company.

Kindly provide your valuable input and comments in this regard.

Regards

Suraj Singh

K D   20 May 2015 at 13:35

Online bidding service

Hi,

We want to start a online portal under which we are intented to provide services using the bidding process. it means user will post his requirment and service providers will bid there price for it. and after the bidding ends on predefined time,provider with the lowest bid will get the contract and user will pay online for the service.

is it leagal to run such bidding plaatform as per indian law ?

Kindly Advise.

-KD

Anand Sharma   19 May 2015 at 18:22

Corporate guarantee and registration of charge with roc

Is it necessary to register charges with RoC in case when a company is giving corporate guarantee. Kindly substantiate your reply with proper authority of law. (The query is in relation to the Companies Act, 1956) Thank You.

Abdul Jillani   19 May 2015 at 15:16

Properitorship firm continuation

D/sir/Madame,
My father was expired and after that my mother takes the charge of properitor as my father has given a adhikaar patra in his liftime to my mother, on basis of that my TIN no. is same as alloted to my father is now ammended on my mothers name. Is the firm continues as it is with all the work experience, turnover and such other credentials. please advice me I really need a positive response for existence of work