nandita das
25 July 2014 at 12:53
Hi. I need to know about all the statutory compliances that are required to be complied with by an MNC involved in FMCG industry to carry on its business in india. Also, are these compliances any diffrent for MNCs that have incorporated 100% subsidiary companies in india?
dasarat
25 July 2014 at 12:25
Safety / Security:
I deposited my savings in one of my relative's PVT LTD COMPANY. The owner's gave an acknowledgement on the company's receipt.
A 2 line receipt showing the sum received and the rate of interest payable monthly.
I am regularly receiving the interest through the said company's a/c payee cheque drawn on my name.
My query is if or in case the company is closed owing to some reason (loss etc) 1.Can I file a suit on individuals name and claim my FD ?
2. Are the owners / partners responsible for the amount received on their company;s name.
3. Please help me with your opinion.
4. If my savings are under complete risk, please suggest me some remedy to try out the same for safety / security of my savings.
hdshardik
24 July 2014 at 13:36
before go and filing the suit u/s 434 of co act 1956 , what is the bsia parameter will require to gather in terms of documentataion when debtors are not paying after 3 years and amt is substantil ?
how can my firm from private co collect my dues .?
my firm is not registered but cover under IT audit .
what document i have to gather to make suit u/s 434 to private co.
Net
23 July 2014 at 20:04
What is required to register a training center in bangalore?
hdshardik
21 July 2014 at 16:21
when we make the request by writing to bankers about provide the concession in the processing charges, in return we recived mail as -
"With reference to your request for concession in the processing charges we request you to furnish the details of the anciliiary benefits to the bank from you like Savings accounts with us and the balances maintained, Cuurent Accounts and the average balances maintained, Gold/Silver Coins purchased, Insurance Policies taken from us...etc"
is it so ?
how banker are genuie?
pctulsian
21 July 2014 at 08:56
My client(Purchaser) entered into an agreement(on Rs 50 e-Stamp) to sell & Purchase a property & paid the Earnest Money.Under this agreement it was stated that the property under sale is free from all sorts of encumbrances such as sale, mortgage,lien,legal flaws etc.Later on when the client applied to the Bank for housing Loan.it was revealed that the said property is mortgaged with some other Bank.What legal course of action available to the my client?
NISHIT SHAH
20 July 2014 at 23:26
Please let me know, if the banker received a cheque from it's account holder for clearing purpose, in which name of other person as payee is written, but the same appearas simple cross and bearer. Can Banker process it for clearing purpose and send it to the drawer's bank for it's clearing and get credit of it in to the saving account holder with it ?
COLLECTING AND PAYING BANK IS SAME AND CLEARING CHEQUE PAYMENT MODE BY TRANSFER
Suppose NISHIT has deposited cheque with NUTAN Bank where in he maintained saaving account.
Cheque drawn in favour of NIRAJ issued by NIPA. Cheque is simple cross and also bearer.
Can NUTAN Bank give deposit/ clearance in favour of NISHIT, in his account, amount of cheque.
If the cheque is deposited with wrong OR good intention, is there any liability as collecting same as paying banker ?
Please advise with some relavent decision on same line. Thank you.
Achhru Kumar Singla
18 July 2014 at 23:12
Bank has charged excess interest than the contracted rate. on submission of claim of excess interest charged, bank replied that panel interest is charged in the account but no statement of the account indicates that any panel interest charged in the account. As per the guidelines of the RBI, penal interest to be shown separately in the statement of accounts if charged.
Kindly advice to get the refund of the excess interest charged by the Bank
Achhru Kumar Singla
18 July 2014 at 22:49
Dear Sir,
A partnership firm of 3 partners (me, now expired partner and third partner) account was declared NPA by Bank and outstanding was 20 lacs. The business of the partnership was shut down due to dispute with the third partner. The bank auctioned the property of the son of the third partner who was guarantor in the account for Rs. 10 lacs in July 2011 and the sales proceeds of the property kept in sundry account because confirmation of sale was stayed by the DRT. Even we move to DRT for stay against our properties mortgaged in the Bank and deposited 10 lacs in Sundry Account in June 2011 as per the directions of the DRT.
As per the directions of DRT on 18/03/2013, me and son of the expired partner signed the MOU with Bank for settlement of the account 2/3rd of the total agreed amount of Rs. 30 lacs. A minute of meetings are drafted and signed by the Bank and us for our share and Bank agreed to settle the account individually and the only condition of the OTS was to deposit Rs. 10 lacs before 26/03/2014 which we have fulfilled and deposited accordingly nothing was mentioned about the share of the third partner as already Rs. 10 lacs was lying in sundry account with Bank. Now the Bank said that the OTS is rescinded as the third partner has not agreed to deposit his share. On the basis of the Bank's refusal, DRT dismissed our SA and also confirm the sale of the property of the son of the third partner i.e. dismissed the SA of the son of the third partner. Now the bank has filled the case of recovery of Rs. 40 lacs. kindly advise on the matter copy of the minutes of meetings is attached
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Transfer of property between partners
Dear sir,
I'm having a partnership firm in which Me and my father are partners. This is not working but it has one property. Now how can we transfer the property to personal name?
Suggest
Thanking you,
sincerely
Anurag