Hi,
Kindly forward your valuable advice about changing Existing business as Proprietorship to Pvt,Ltd.( partnership)
Dear Sir,
we were doing business with two firms proprietor ship belonging to father son duo each. we gave them material against PDC's given at the time of delivery as agreed terms of 60 days in 60 days cycle almost goods worth rs 18-19 lakh were given on getting PDC we started producing PDC but it started bouncing but for few payments were made like 1 lakh 1.25 lakh but eventually. they started buying time saying the owner has met with an accident, almost 1 month passed then some other excuse like father is hospitalized etc etc .. in Good faith we kept waiting since few payments of 1-2 lakhs were made during this period. as a support we waited but all the cheques bounced. we never sent any notice to parties yet but almost 8-9 months have passed and payment of almost 14 lakh is out standing and party is not responsing properly. we are worried now pls advise what sholc be our action. we have PDC's of almost 18-19 lakh in both the companies but all bounced.
we got tricked and never sent notice to them uptill now. since they were communicating and we thought the payment will be made.
pls advise what should we do. since although we have bounced PDC but 8-9 moths has passes does those PDC hold any value. and how should we go for recovery ? also we have intrest loss of almost 1.8 lakh and lot of harasment due to non response and abrupt response from customer.
pls advise.
regrds,
Mick
Dear Sirs,
My friend intend to start business of Real Estate Agent after taking office on rental basis. We would like to know procedure / basic requirements and rules regulations to start the business.
What are the agents responsibilities in the deals of Rent / Selling of Flats or Shops.
Expecting your earliest expert reply in this regards,
Thanking you.
WHATS PEPARS MAINTAIN FOR A HOTEL IN BIHAR INCLUDING TAXATION.
sir,
Kindly inform about pvt ltd form regn.
Dear experts.we as a charitable organisation can we say no or non accept to the donation from a regular donor who is donating for more than 10 years..recently we had encountered with donor's daughter for not considering her request to sell the product which are not in our catalogue and which is unethical ..donor's daughter communicated to her father with false accusation on male manager. now the father would like to give a complaint against the manager and sue him a criminal case which is untrue.. however the manager has submitted an incident report to the organisation and also others who were present at the office. according to the policy of the organisation the manager is absolutely right ....to protect the reputation of the manager the organisation will give him a full support if the donor proceeds to court. now the organisation is not happy with the donor's attitude as he would proceed further to harm the manager and the organisation intentionally hence we would appreciate is there any law that we can say no to his donation and ask him not to step in at the office.. we had a personal talk with the donor and requested him to avoid such incidence in future and if possible avoid donating to us but he said then return all my donation which was given from the beginning. please guide us in this situation we are not interested in his donation and also his entry
1. I am proprietor of a proprietary firm which holds 49% shares in a Pvt Ltd firm.
2. I want to convert the Proprietary firm to partnership firm without changing the name.
3. Kindly guide me the way ahead and method to be followed
Whether a Director of two private companies not falling under the class of companies - (less than Rs. 10 cr capital thresh hold limit of Sec. 203 ) can continue as Whole Time Director and draw remuneration from both companies. He is not a KMP though his designation is WTD which is defined now. Under Sch V Part I (d) a Mangerial personnel (incl.WTD) is allowed to draw remuneration from more than one company. If so, whether limits set under Part - II - Section V of the Scheule V of the CA 2013 is applicable. The compliance with Sec 196 which is appliable to all companies including private companies is met. However Sec 197 and Sec 198 is not applicable to these private companies. If not what is the best legal alternate.
Dear Expert,
Can a Pvt Ltd Co. accept loan from a director who is also a shareholder in the same company..?
Pls suggest as per Companies Act, 2013
Thank You.
Redemption of jewels
Dear Sir,
One of my friend's mother ( I already discussed about her in a settlement deed issues ) recently lost her husband also, before his death he got some jewel loan from a cooperative bank and he was a account holder of that branch. He appointed his wife as a nominee for his account, she is almost 84 years old. She paid all loan amount with interest and tried to release the jewels with the death certificate from the hospital and receipt from the corporation for death certificate but the bank officials given long procedure that she has to produce death certificate, legal heir certificate, NOC from the legal heirs, indemnity bonds and 2 sureties from the government employers. we asked them, what is the purpose of appointing nominee? but they refused to release. Shall we file emergency suit against the bank? looking for your valuable advice. Thank you