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Toni S. Sachdevani   17 March 2014 at 22:15

Bank loan

Suppose A (a Partnership having 2 partners P & Q) obtains loan of X amount From B Bank and mortgages one property in year 2002. R & S stand guarantors to the transaction. Again P in personal capacity along with some third party obtains loan of Y amount From B Bank in the same year. And again R & S stand guarantors to the transaction. Bank settles first matter in the year 2005 and issues settlement letter and releases mortgaged property in favour new purchaser. Both loans were for 12 months. Till 2005 major payments were made in second transaction. After 2005 nothing transpired. Now in year 2011, B Bank had filed application u/s. 101 of Maharashtra Co-operative Society Act. against P, R, S and that third party. Now in 2014, B Bank has issued recovery notice and making huge claims. B Bank is scheduled & Cooperative Bank. what is law of limitation in this regard??
what provisions??

BHARDWAJ AD   17 March 2014 at 15:36

Licencing procedure

Sir,
i want to get licence for selling chemical for medical diagonistics and surgical instruments. guide from i can get this licence and what are the conditions
thanks
What are the formalities required for getting taxation registeration sales tax or tin

pushpakrishna   16 March 2014 at 20:48

Recovery money

Dear experts,
one of close relative doing business in lakhs.due to relation i given amount total Rs. 5 lakhs and my daughter's money rs.5 lakhs when ever he is in need of the amount. at last one year back he executed mentioning rs.5 lakhs on his business letter head stating 'I have taken amount Rs.5 laks'on 22-06-2013. actually he promised to pay the interest @12%P.A. interest not mentioned on the letter head.now he wants to evade the amount. when i consulted an advocate he he advised me it is not possible to get the amount from the court on the basing letter head.My relative is having properties.kindly advice me in this regard how to collect the amount from my relative as the amount is meant for my daughter's marriage through the Court as all the remedies out side court exhausted.thank you experts in advance.

hdshardik   14 March 2014 at 11:29

Mrp

what are the compliance are required to fulfill when MRP is required to show in books business? what are the law are applicable in india and also when export from india to various country? which currency are required to quote ? can only foreign currency to print on books are permissible when books are printed in india?

ravi   13 March 2014 at 22:14

Power of attorney

three persons apply for liquor license separately on the basis that they will share profit equally but no written document
let them A,B,C
now person A gets license from the govt on his name and he sign a power of attorney in favor of person B regarding the license obtained from the govt.
now person A and B not ready to make any legal contract with person C e.g. partnership deed and say that business works by making believe in each other
however , person A is ready to sign on partnership deed but only on plain paper not on stamp paper
will it be sufficient as person A is the main holder of license in case of any dispute.......
please provide me a solution .....
thanks in advance

Ankit   13 March 2014 at 14:55

Where to purchase

We have our regd company in Mumbai for providing service of computers mobiles we want to make service centres thru 3rd parties at different cities .... and in the agreement we want to mention any issues raised will be in Mumbai juridication so where I have to purchase to stamp paper from Mumbai or from the 3rd party where he is giving the service

SANDEEP KUMAR   13 March 2014 at 14:12

Legality

when a person takes loan, normally he is required to deposit blank signed cheques as a security with the party from whom he has taken loan. In a case, the instalment was not paid by that person. The party, which gave loan filled up one of the blank signed cheques, which got bounced. The party issued notice under 138 of negotiable ins. act.

The person objected that such notice has no legal force as same was given as blank cheque and not cheque of instalment.


Please opine.


Firoz   12 March 2014 at 17:54

Llp

Can a LLP buy agricultural land in the state of Maharashtra if both the partners are agriculturalist and then convert it to N.A. and lease it to a trust.

Can you also suggest me a lawyer to in Pune whom we can appoint for issues relating to forming of a school in maharashtra.?

SANDEEP KUMAR   11 March 2014 at 22:30

Two cases

An individual is appointed as Arbitrator in its case by a company. Later on, the same individual is appointed by the Company as Arbitrator in its another case. Such appointments are made by following terms mentioned in the respective agreements. Will that Arbitrator not be treated as Independent?

geeta   11 March 2014 at 16:34

Claim from customer who is declared as sick company

Hi,please help me. one of our customer is due to us a huge amount.as per discussion and communication, we come to know that our customer declared as SICK Unit.

In this situation,what we can do, can we get out amount.we have to file any suit or wait for disposal of their assets.Kindly guide us.