Evolve20121
18 November 2014 at 04:44
I want to know if there is any clause under which a non-performing director can be removed from the private limited company?
The company has 3 directors with equal shares of 33.33%. there is no AOA done on legal papers but an understanding is signed by all 3 directors. Each director was assigned to generate certain revenue to the business however 1 director (also happens to be investor son) has not been generating any substantial revenue to sustain the expenses however the profits are equally shared. With the revenue generated by other 2 directors are the company is able to meet end needs.
I want to know under what clause we can exit that director and agree on repayment terms to the investor?
Regards,
S
Roger Shaker
17 November 2014 at 21:13
Hi
I live in America and invested 400,000 USD in 2 installments in 2010 and 2011 with a friend. He sent me a letter via email that I get 10% equity in 2 of his companies and detailed agreements will be drafted later. I have been requesting him to give ROC registered shares for the past three years and nothing. I have been requesting for my money back and nothing. Under what sections can i file a case and realistically is there anyway i can recover the money. My friend is a wealthy and well connected person. Does the statute of limitations or time bar apply here. Please advise.
Thanks.
Sunil Kumar
17 November 2014 at 19:12
How I become an Surveyor (General Insurance) despite I am working as a Govt. Employee of Haryana. The Insurance Company said that the Govt. employee can not become Surveyor of Vehicle Insurance.
After retirement I want to become Surveyor or Agent of General Insurance/ Vehicle Insurance surveyor.
Kindly intimate me.
chandru
17 November 2014 at 16:04
Hello sir, In our partnership firm First there were a two managing partners and five partners so the patta was issued in the name of two managing partners only not in the name of the company.
Later one managing partner retired from the partnership.so,now my question is should the retired managing partner name be removed from the patta doc?
OR Is it a mistake of the revenue department to issue a patta in the name of managing partners instead of the firm?
In the Encubrance certificate there are three claimants entry. The first entry is "Name of the Managing partner-1",the second entry is "Name of the Managing partner-2" and third entry is "partners of the firm" generally on whole not mentioning other partners name individually.
Initially There were two managing partners and five other partners totally seven .
The land purchase document was signed by two managing partners then.
Adv M.D.Azhar
15 November 2014 at 17:52
sir. One client came to me, his problem is that he sent a courier from gujarat to someone who is residing at calcutta. After a few days when he asked a person to whom courier was sent so he denied that i have not received parcel which u sent me. so my client went to the branch and he said above thing to him. so they inquired and then after he give the contact detail of the calcutta branch, where my client inquired so the replied that yes we received your parcel but it is misplace by us. That is been told on the phone to my client, docket no also given to my client. Now they are saying we can not do anything about this. my client also given a written complain to them yet. no reply so what remedy i have, value of the parcel is about 10-15,000/-. Weather i can make a complain before the police station? or is there any other remedy?
hdshardik
15 November 2014 at 17:16
what is the formality require to complete when company can not bring paid up capital within time . eg company is formed on 11-11-2013 what is the last date of bringing the paid up capital. what are the procedure of consequences as of this . what is the last remedies on it . who is required to intimate to Company law board?
chandru
14 November 2014 at 19:43
Hello sir, In partnership firm Should the retired managing partner name be removed from the sub-registrar office document and from patta doc. in revenue records?
Parul Bhayani
14 November 2014 at 17:37
Sir ,
My relative was a director in a firm from 2002 to Oct 2010. A loan was taken from a Nationalised bank in 2009 , during which as a director , have given personal gaurantee for the loan . The loan was used purchase machinery which is still with the company . After resignation , a new director had been appointed and registered with ROC , form 32, also the bank was intimated alongwith a copy of the form 32. Now if the company defaults in its repayments , is he still liable to the bank as he had given a personal gaurantee. Can the bank issue any notice to him ?
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Wrongly credit money to other account by bank
dear sir,
last month 31st my tenant went to sbi and deposit the Rs.5000 in my account and challan copy of deposit.
on 15th november i check my account but that rs.5000 didnot credit my account.and i went to bank and check my account the didnot credit that my account .and they credited to other person account and they do credited my money in my account after 16 days. i want to take legal action againest the bank. its possible.
please tell me.
thanks