makdum
03 February 2015 at 19:55
Hi
I am going to make a sale on a 24months EMI & would like to enter into an agreement with a party.
Could some advice me on the type of agreement to be made & may I get a draft of such an agreement.
arunjoseph
03 February 2015 at 14:16
My father had an agri loan (KCC) for 50000 rs from SBI. This was closed in 2008(was written off under central govt scheme). My father passed away in 2012.
Today (FEB 2 2014) i received a call from my village officer informing me that an order to perform Revenue Recovery for this SBI loan has come up.
I contacted the SBI Keralasserry Manager and she informed me that, in an audit conducted in 2012 a decision was made by SBI to recover the written off amount from 2008 . She tells me she had sent a Registered POst in my Father's address which went back owing to his death. SO she couldn't contact anyone and inititated an RR.
Is this legal? Can this be stopped? 6 years after loan closure (write off) they are initiating an RR.
Can someone please provide advise on this
priyanka
01 February 2015 at 15:22
I had booked a banquet hall for 4th october, 2014 with the advance payment of 20,000 rs. When I had booked, my foot was already fractured and was in plaster cast and had been so for over a month, so I was hoping that my foot would be fine by the time date comes. However, it did not happen. SO, eventually I cancelled the date.
As far as I remember I had cancelled the date with at least one week in advance. (This time could even be more, but for this I will have to check my account details, as I had made the payment). when I cancelled the date and postponed it for 14th Feb, he asked me to pay 30,000 more, which I paid without any argument.
However, due to various reasons and my foot, I cancelled this date with 70 days in advance, so that this time, no loss is incurred by him.
The original bill made was for 1 lakh 35 thousand for 300 people. and out of this total amount, I have already paid him 50,000 Rs. However, he says that if he does not find booking for 14th February, I would have to pay him 60-70% of the amount, which obviously means that he will not be refunding any amount and I will only have to pay him more.
The first bill he gave me had nothing mentioned on it except that no amount will be refunded. However, the second bill for the 30,000 rs which I had paid him, mentioned that if the date is cancelled the client will have to pay 50% of the total amount. (this bill was given to me on the day I cancelled the date) I asked him for a rule book as well, to which he replied, that he does not have it and it is only now that banquet halls have started registering themselves.
So, the total loss amount is 50,000 Rs and it could be 94,000 if I have to pay him 70% of the amount for something which did not happen at all.
I would really like to confirm the validity of my complaint:
1) Taking into consideration it could be only a week before which I postponed the date to 14th February, am I even in a position to ask for a refund?
2) Am I supposed to pay him more money since I have already paid him 50,000, which amount to 37% of the payment?
3) Can the banquet hall owner file a criminal or civil law suit against me?
4) If yes, what can i Do to avoid it?
Kartikeyan
31 January 2015 at 20:58
Can a NPO registered in USA remit funds to a private limited company in India?
If yes, what is the procedure?
CA Shraddha Vora
31 January 2015 at 10:31
There is an agreement entered for lease of Premises between A (Lessor) and B (lessee). The said property is sold to C. Now party to lease agreement is to be changed. Instead of A , C is to be replaced. What is the meaning of Novation? Can parties to lease agreement change though Novation deed?
Engee
30 January 2015 at 15:13
We are three sons to a father who run a pvt. ltd. firm where me and my father are the directors, with my father having the signing authority and my two brothers are just share holders in the company.
Now, my father has passed and we are not able to manage the accounts as the signing authority belonged to my father.
some of my queries are:
a.) Is it necessary to introduce a new director in the company?
b.) what happens to my fathers shares in the company?
c.) can my other two brothers acquire/inherit directorship in the firm
on the plot that they are the deceased persons kins?
d.) what happens to the signing authority? can i get it tranferred to
my name? what is the procedure?
gaurav
30 January 2015 at 09:46
dear sir ,
i want to open an online website and also become a seller/merchant to popular ebusiness website existing as of now.
i am an individual and do not have any shop or trade license.
i would like to ask what are the legal formalities that should be considered before starting one.
also as i would want to be a retailer do i need trade license/brand name for selling my product like products sold by "XYZ COLLECTIONS ?" as i do not have any shop what will be the address while filing trade license if required
PLZ GUIDE.
abhishek dubey
30 January 2015 at 07:59
Sir recently the sbi branch in our town has closed its local clearing house.since then they are not accepting non cts cheque.as per my knowledge they cant decline to accept non cts cheques.please confirm whether any Rbi notification has permitted them to decline
Rahul Lahiri
29 January 2015 at 13:14
Dear Experts,
kindly apprise me the time limit for an unlisted public company to appoint its Independent Director pursuant to the requirement as per S.149 of the Companies Act 2013.
Is it 31.03.2015 i.e 1 year from 01.04.2014??
Regards
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Opening a branch of business
Hello
I have registered my firm (coaching) in Delhi as a partnership firm. Now I want to open the branch of the firm in Ghaziabad. What is the procedure to open the branch in same state and in different state?
As per Partnership deed we can open branch anywhere in India. MY question is related to various forms/ permissions/registration in the new state.