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Gorthi   19 April 2014 at 18:07

Gratutiy applicablity on 4.6 years

Dear All,

Please confirm on the following.

One of our employee leaving the organization and he has completed 4 years 189 days ( From date of joining to last working day).We works 5 days a week.

Now please confirm is he eligible for Gratuity? Will it make any difference in following cases

( 1)Employee works 4 years and 195 days

(2) Company works 6 days a week Regards


Regards

shruti   18 April 2014 at 12:38

Details of sections

plese, provide me the full sections-wise details of which sections of companies bill, 2013 are applicable in pvt ltd companies?

sachin   17 April 2014 at 12:48

Wrong name in booking flat

Dear Sir/ Madam,

A customer booked a flat. The costumers brother who is also a estate agent filled and signed the booking form on behalf of his brother who is the costumer. While filling his name, he inadvertently mentioned as "Ramesh Kumar" which was in regular use, instead of giving his name as appearing in revenue records as "Ramesh Mittal".

All correspondence was made by the builder in the name of Ramesh Kumar. The customer has paid the instalments as and when demanded by the builder through the bank account held in the name of Ramesh Mittal and the corresponding entries are reflecting in the books of the builder.

Now, when the Agreement for Sale is required to be registered the costumer realised that the name in the records of the builder is different from his name in official records and has accordingly requested the builder to register the Agreement for Sale (AFS) in the name of "Ramesh Mittal" instead of "Rakesh Kumar".

As a builder we wish to know as to what precautions we should take before executing the AFS in the different then that appearing in our records?
What documents/proofs should the costumer provide to the builder to satisfy him that both names are of one and same person and no legal issues would be created at a later date?

Regards,

Sachin

shruti   16 April 2014 at 16:02

Applicability of sec 180 of companies bill, 2013

i would like to know that in a pvt ltd company, both of directors give an un-secured loan to the company which is excess the paid up share capital or free reserve of the company( according to sec 180) of the companies bill, 2013

so, i ask you to whether the company has to file an special resolutions or not?

Vijay   15 April 2014 at 20:02

Foreclosure on cash credit limit

dear sir,
we were enjoying cash credit limit with HDFC Bank Ltd. right from 2009. In march 2012, they added new clause that is "borrower is liable to be charged 2% of the total limits sanctioned in case the facilities are taken over by another bank DURING THE TENOR OF THE LOAN".
we received renewal intimation letter falling due on 17 feb 2014. we submitted all documents required on 13th Feb 2014. on telephonic discussions my relation manager told me that your sales is on negative side so we cant renew your limit on same limit amount. meanwhile we approached to the nationalised Corporation Bank. They offerd us the less rate of interest and enhancement.
on 31st march 2014 my limit was taken over by corporation bank. on that date we were not utilising the limit only the few payments of interest was debited from my credit balance. on 10th April 2014 my relation manager called me and asked for 2% foreclosure chareges.
please clerify the RBI rules

Gayathri Deepak   14 April 2014 at 15:11

Dissolution of private company

We can Dissolution of private company either by voluntarily or through court by appointing a liquidator,

Please suggest me the fastest way of dissolution and how many days it may take at maximum?

Mr R Samanta   14 April 2014 at 13:05

Annual return filling

Private Ltd Co of it's Authorise Capital 20Lacs & Paid Up Capital 1.5 Lacs only, date of incorporation on 12.01.2012 till the date Annual Return Filling had not yet been done. Pls let us know the late fees amount & other formalities as per Company act.

Seek your suggessitions at the earliest.

GEETANJALI   14 April 2014 at 12:54

Partnership deed

What is the time limit for notarisation of a Partnership Deed?
What are the filing fees for Form A?

garnet   11 April 2014 at 12:22

Bills not being paid by client

I HAVE A BUSINESS AND ITS BEEN RUNNING FOR YEARS NOW BUT ONE THING IS ALWAYS A HINDRANCE. CLIENTS DO NOT PAY THEIR BILLS.
WE ARE INVOLVED WITH EVENTS.WE PROVIDE INFRASTRUCTURE FOR AN EVENT TO RUN SMOOTHLY.OUR CLIENTS ARE EVENT MANAGERS. WE HAVE SOME BILLS DUE FOR MONTHS AND EVEN YEARS WHATS WORSE IS THAT THE EVENT MANAGERS DO NOT RESPOND TO EMAILS OR CALLS OR TEXT MSGS. WE HAVE TO PAY SERVICE TAX EVERY QUARTER IRRESPECTIVE OF WHETHER THE CLIENTS PAY US. WE HAVE LABOUR CHARGES TO PAY ETC .HOW CAN WE SUSTAIN A BUSINESS LIKE THIS? WE CANNOT EVEN INVEST IN NEW AVENUES.
SO I WOULD LIKE TO KNOW IF THERE IS ANY LEGAL WAY TO MAKE THEM PAY UP. IS THERE A LAW THAT STATES THAT CLIENTS HAVE A CERTAIN AMOUNT OF TIME TO PAY A BILL ONCE ISSUED? OR ANYTHING.ITS GETTING VERY FRUSTRATING. THANK YOU

sachin   10 April 2014 at 19:03

Service providers agreement

Dear Sir / Madam,

Our company having it's registered office in Mumbai is the receipient of certain services, whereas the service provider of the said services is a company registered in Delhi.

The place of execution of the service providers agreement, the governing laws and jurisdiction shall be Mumbai or Delhi?

Regards,

Sachin