Member (Account Deleted)
02 June 2014 at 02:39
Hi,
I am a stock trader working as a freelancer. I trade in futures and derivatives, commodities and currency and currently have a turnover of approximately 12 crores per annum. I want to register my business. I plan to employ a few people to help me in the market research in the future. I also have plans to trade in foreign markets in the future.
Should I start a sole proprietorship company or a private limited company? Is it advisable to register through a lawyer or one of the many online registration firms who register a private ltd company for around 15K?
Thank you.
Joseph
Avinash G
30 May 2014 at 18:11
Dear Friends,
Recently I had paid an advance of Rs.10000/- to take up the franchise of pre-school at Mysore but soon after that I got transferred to Bangalore and at this moment I found it difficult to start the same at Bangalore and continue my work as well. So I have requested them to refund the advance but they said it cannot be done. I find its morally not correct as-
1.They no where initially either mentioned in the brochure/mail/verbally that this amount is non-refundable...
2.I had not chosen/blocked any particular area in Mysore, so that they lost any customer out of it...
3.Since its just an advance from my side, they have neither invested a single rupee on me nor my initial confirmation has caused a loss of even single rupee to them...
So I personally feel their attitude was against their business ethics and although the amount is small, I wish to fight for that if you feel I am right on this...So please give your opinion on this...?
With lots of Regards,
Avinash
Member (Account Deleted)
30 May 2014 at 11:57
Ref: 1) Memo.No.CMD/CGM(HRD)/GM(S)/AS-DC/PO-C/F.No.3411-C2/12-17 Dt: 22.04.14.
2) Consignment no: SPL 655429 dated:29.04.2014 of M/S The Professional Couriers, Sathupally
I N Krishna Prasad SA (Retired on 31-05-2013) from ERO/APNPCL/Sathupally wish to submit the few lines for your kind consideration.
The company confirmed the financial involvement of Sree Ch. Sammaih Ex-AAO/ERO/APNPDCL/Sathupally vide reference cited 1st along with mine quoted specific conclusion as “Sree Ch. Sammaih Ex-AAO/ERO/APNPDCL/Sathupally is alone involved in the financial irreugularties in ERO/Sathupally. He misused the unit staff and spoiled the life of best workers along with the damage of Company’s good will “passed by me which is not part of punishment area apart of explanation submitted.
I incurred the loss of Rs 2,24,800/- ( Rupees two lakhs twenty four thousand eight hundred only ) because of defamation caused by the act of Sree Ch. Sammaih Ex-AAO/ERO/APNPDCL/Sathupally during his tenure vide reference cited 1st cited as per details given below.
1) Bank Interest loss from 1.06.2013 to 31.03.2014 ( 10 months )
On retirement benefits Rs 750/- per lakh * 14,00,000/- * 10 months = Rs 1,05,000/-
2) Penalty @ 5% on pension for 24 months ( Rs 825 * 24 ) paid to
The Company on administration grounds = Rs 19,800/-
3) Damages against defamation caused by the act of
Sree Ch. Sammaih Ex-AAO/ERO/APNPDCL/Sathupally = Rs 1,00,000/-
_____________
Total Loss Rs 2,24,800 /-
_____________
Total Loss Rs 2,24,800/- (Rupees two lakhs twenty four thousand eight hundred only)
In this connection I requested the Board of Directors to award major punishment to Sree Ch. Sammaih Ex-AAO/ERO/APNPDCL/Sathupally based on the facts recorded in the amended final order vide reference cited 2nd.
Now I am requesting to furnish the status of the Company action under RTI ACT 2005 for take up the matter for taking necessary action. In this connection I am here with enclosed the Crossed Indian Postal Order for Rs 10/- duly drawn vide IPO NO:46c 573229 &573230 dated: 20.05.2014 in favour of account officer, APNPDCL payable at the Warangal
Advise me for further proceedings
aashish ramnani
29 May 2014 at 22:20
dear sirs
i m son of one the three directors in a pvt. ltd. company.
my father died this march and now other 2 directors dont agree to take me his position as per will of my father i m a legal heir of all his property and legal things.
now i wanted to know about my rights and how can i make the other two directors for the settlement of the same.
sandeep
29 May 2014 at 14:10
hi,
On 20/07/2011 i had taken a bank guarantee for 3 lacks from state bank of hyderabad (sbh) on fixed deposit,which is valid for 3 years(both fd and bg i.e 19/07/2014). They have given the documents for properly (in doc's it expiring on 19/07/2014)but in their database they entered bank guarantee is valid only for 1 year(i.e expired on 19/07/2012). Now recently i had applied for citi bank credit card,they rejected my application by stating that i have 3 lacks loan from sbh and not paying emi's properly.
I contacted the sbh bank manager ,he showed me in their database it is expired on 19/07/2012,and he corrected it there it self. He said the cibil score will be automatically corrected by next month.
what i have to do now if cibil score is not corrected? and one more doubt is how bank guarantee given on fixed deposit will become loan even after no one claimed it though they have my fixed deposit with them .
sachin
28 May 2014 at 13:39
Dear Friends, what are the permissions/approvals that would be necessary to start a bakery business in mumbai city. The products such as bread, cakes and biscuits shall be made and sold. Regards Sachin
Anju
26 May 2014 at 19:15
Dear Sir/Madam,
My friend had been using the mobile services of a reputed telecom. Later she paid the dues and cancelled the services,and received the cancellation number for the same. Thereafter every month the company kept sending the bill with amount due as zero, though the services was cancelled, for which reply was sent with the cancellation number. Now they send a legal notice stating the bill amount as Rs.2068/-.
Request your valuable expertise on the same. Thanks.
Pavani Bayyana
26 May 2014 at 13:58
Dear Members, I have taken loan of 150k from one of my colleague in 2011. My colleague used to give these kind of hand loans to many other colleagues who are needy, however the rate of interest is little abnormal, which is around 3% per month compounding monthly. As I need funds in emergency, I don’t have any other option except to take loan at that rate. We have even exchanged emails wherein I have even acknowledged the rate of interest and the interest calculations thereon. I have repaid part of the amounts which of course he set-off against the amounts due and I am still left with a big chunk of these amounts approximating to 200k. I have also given undated cheques for repayment of principal and estimated interest component thereon.
Things have changed now and I was in deep financial troubles, wherein I could not repay these amounts and recently my colleague (of course now become ex-colleague as he resigned from this company) deposited the cheque and sent me a cheque bounce notice under Negotiable Instruments Act.
I don’t have enough money to repay this debt, and I have already taken enough extensions so that my colleague is not granting any other extensions for repayment any more. He is also not agreeing for any waiver in the amounts payable to him and I am helpless.
Do I have any way out or any possibility where I can challenge hefty interest rate or amount payable to him ?
Members, please help me out..
aditya
26 May 2014 at 13:15
is approval of Sharehlders or Board of Directors is required before entering into a Business Purchase agreement? What are the provisions dealing with this under company Act 2013? Are there any rules regarding the same?
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Compensation
My client x filed summary suit against y for the recovery of payment for the goods delivered to him as he was not paying even after a continuous follow up
Therefore, judgement is in my clients favor now and Mr y had made the payment after the court's order with interest.
My query is that now my client is asking that weather i can file the suit for the compensation of recovery of money for the mental stress and loss of business from Mr Y which he suffered during the period?