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pankaj biyani   05 December 2014 at 09:49

Rules for a director of pvt ltd co.

Sir, We are going to form a pvt ltd co. for that I want to know, how can we arrange fund for doing business of the company. As a director can I give funds to company as loan with interest. If yes,is there any binding on me such as from where I am arrenging the fund.

tahir   04 December 2014 at 17:39

Certificates

good afternoon sir/madam.
i am tahir from karnataka

i have own society means Al-hameed minority educatinal welfare society(r) registered under act 1960, under this society i am running computer education institute before 5 years. i given computer training certificates to students like 3 months,6months and one year diploma courses. but many students want mechanical and electrical HVAC course and QS quantity Surveying course. because now i am giving 3 months HVAC and QS course.
can i give certificates to these course (HVAC & QS 3 months).

i want to take iso certification to my institute. after i take iso certification. can i spread my business all over india?
can i give franchisee to other institute?
what are the conditions are in govt of india plz give suggetion.
thank you
tahir karnataka taaru.123@gmail.com

Adil   04 December 2014 at 12:22

Foreign Bill Stamp

Hi All

I am located in Lucknow. I have ordered two machines for rice mill one from Shanghai and second from China. The items can be imported only after getting foreign bill stamp of Rs 6000.

I Need some information on how to procure foreign bill stamp. I have asked few local advocates but they do not know what it is. Any help on this would be highly appreciated.

Thanks

Sumit Agarwal   04 December 2014 at 12:08

Publishing news on website

Hello there,

I am owner of website www.starsclub.co and want to publish entertainment news on my website. My question is what is the legal procedure for doing so?? Do i have to obtain some kind of rights or license or can I publish it without it?
Secondly I would also like to know what will be the jurisdiction of my website. Whether it will be the location provided while registering domain, or where its servers are situated?

Warm regards,
Sumit Agarwal

Ramesh Kumar   02 December 2014 at 23:38

Change of designation


Hi Expert.

Recently my UK based health insurance company automated most of the process and re structured few members designation who where working as “Training and Quality Executives” (Role is to conduct quality checks of claims relates process and providing training to new and existing staff, mentoring etc).

Just wanted to know if below mentioned is proper employee devolvement hierarchy? Experience mentioned within the brackets.

Process Executive (2 Years) - Advance process executive (2years) - Training and quality executive (2 years) - Senior Knowledge process associate (Now)

Current ‘Advance process executive’ and ‘Training and quality executive’ also called as Senior Knowledge process associate now.

We feel ‘Senior Knowledge process associate’ is just equal to ‘Advance process executive’.

After completing 2 years of successful trainers and mentors career (Few got a Best trainer award too) now new criteria’s has been set to become trainer and asking to process from the basic level but company managed to provide same salary.

Still we feel it’s unfair to change for just 6 members designation to T & Q executives to Senior Knowledge process associate. We are little confused to accept the change in the designation as hierarchy looks like downwards career growth. However we accepted to process from the basic level if Q & T designation continues.

We have trying to talk to Managing director about the reviewing in the designation part as our trainers profile will overlap by the new designation.

If the management is not agreeing to this what would be the next steps, Can we fight for it further?

Your expert advice will be much appreciated.

Thank you.




Tushar Bose   02 December 2014 at 13:06

Notice period clause advise

Dear Sir,

I have currently resigned from my current org on 25th Nov 14 and have asked for relieving on 7th Jan 15. So i am serving 43 days out of my notice period of 90 days.There are adjustable leaves of 17 days also. But my HOD is compelling me to serve complete 90 days and HR is nt giving me relieving too asking me to get my reporting boss approval for an earlier relieving date of 7th Jan 15. Below is the extract of my appointment letter signed and agreed by me at the time of joining: "In the event of your resigning from the services of the Company, you will be liable to serve " notice period" of 3 months (90days) or pay a sum equivalent to the basic salary for the number of days un served, which will be calculated from the date of resignation letter to the date of relieving. Relieving letter will not be issued unless the amount, based on the above is settled by you, along with any other dues payable to the Company." Pls can you provide me advise on the legal impact of the same...Even I am ready to pay as mentioned in my terms of appointment for the residual 37 days. But they are not giving me option to pay and go and HR is writing on mail that I have to take approval of my HOD for early relieving date. Pls advise should I drop mail to HR offering in writing to pay and relieve me considering the legal impact.



Tushar Bose

Terry DCruz   29 November 2014 at 10:40

Sarfaesi act

My query before the learned experts are :-

Can a nationalised bank initiate action under 13(2) of Sarfaesi Act after dismissal of their money suit?

There is a clear bar from entertaining a fresh suit on same cause of action under CPC but can 13(2) be initiated?

Vishnu Soni   28 November 2014 at 14:49

Seeking opinion on section 185 of ca, 2013

Dear Sir,
This is a basic query regarding interpretation on section 185 of section 2013. My query is as follows:
A Ltd. is holding company of B Ltd.
B Ltd. is intending to take loan of Rs. 3 Crore from bank. Now the bankers says that we can give loan only if the holding company gives guarantee to bank. On interpretation of section 185(1)(e) it is produced that company can't give guarantee for the loan taken by subsidiary company if borrowing company or MD, BOD or manager is accustomed to act in accordance with direction or instruction of board of directors of lending company.
Sir I want your opinion on this matter.
Kindly resolves it asap.
hoping for your reply sooner.
I'LL be grateful to you for your valuable help.

Ritika singh   27 November 2014 at 23:30

Sebi and banking

my clients a bank have been offered pledge of shares as security by a company wherein a director is barred by SEBI under section 11 B of the SEbi Act for his misdoings in respect of another company. the sebi order specifically mentions his name. can we get the pledge agreement executed from some other director and validate the same?

DINESH GHATKAR   27 November 2014 at 11:47

Purchase and leasing of property in the name of partnership firm

Can a partnership firm enter into a contract for purchasing immovable property in the name of firm and subsequently leasing it in the name of firm ?

Can partnership firm enter into a contract in the name of firm ?

What is the meaning of person under the Indian Contract Act ? Does it include partnership firm under the definition of firm as similar to Income Tax Act?