Anonymous
27 September 2020 at 23:02
Namaste sir
With present scenario a common citizens are prone to routine doubts about our system
1. I parked my car in township area related to one bangalore based govt psu
2. I parked for 6 hrs in company security personnel presence thus causing no inconvenience to others
3. It's an gated community with no any sign boards related to " no parking "
4. In spite of my request to waive off park fine the security person imposed parking fine to me and has given receipt
5. The major hospital collects fee prior vehicle parking but the govt psu company if indulge in collecting parking fine not fee through its security personnel
What we can do
Anonymous
15 September 2020 at 16:44
In case the borrower defaults in repaying the loan, what are the legal remedies available to the bank (lender)?”what is legal remedies available for bank against defaulters under IPC AND cpc?
smit sanjaybhi shah
15 September 2020 at 16:22
In case the borrower defaults in repaying the loan, what are the legal remedies available to the bank (lender)?”what are the legal remedies bank have against Borrower under Criminal law IPC and civil law under CPC?
Anonymous
10 September 2020 at 09:27
Dear Sir,
Kindly let me know which act is applicable for establishment of Credit Guarantee Trust like
1. Credit Guarantee Fund For Skill Development
2. Credit Guarantee Fund For Micro Unit
3. Credit Guarantee Fund For Factoring
etc..
Jay Shah
01 September 2020 at 21:36
We were enjoying cash credit limit from axis bank since 2017 and now on 15 august 2020 it was due for renewal but now we don't want to renew the limit and close the limit , we have already paid all the dues . We have ask bank for closer of limit in reply they are asking for foreclosure charges I want to know can they ask for any charges as at time of renewal we asking closer and not in between of the limit and we paid all payment by own fund and there is no take over of limit And bank is not giving proper reply and keep on delaying So what should I do and are they liable for any foreclosure charged Please guide me
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Jay Shah
01 September 2020 at 21:30
We were enjoying cash credit limit from axis bank since 2017 and now on 15 august 2020 it was due for renewal but now we don't want to renew the limit and close the limit , we have already paid all the dues . We have ask bank for closer of limit in reply they are asking for foreclosure charges
I want to know can they ask for any charges as at time of renewal we asking closer and not in between of the limit and we paid all payment by own fund and there is no take over of limit
And bank is not giving proper reply and keep on delaying
So what should I do and are they liable for any foreclosure charged
Please guide me
Anonymous
01 September 2020 at 09:16
ABC Ltd. took loan worth Rs. 50 crores from bank against mortgage of property worth Rs. 100 crore. Company failed to repay the loan and interest. Bank issued notice under Sarfaesi Act and fixed a date. Company did not adhere to it. Bank has again issued a notice under the above Act and fixed a date which is yet to come. Company while sending annual results ended March and quaterly results ended June to the stock exchanges did not include above information in the results nor auditors were informed about above notices so they did not mention it in their report.
If a shareholder brings the above information to the knowledge of stock exchanges what action they can take against the company.
abhijit majumder
26 August 2020 at 16:40
Respected Experts
A person appointed as a Company Secretary in a Company(A 100%State Govt Company) on 01.012.2008(as per Form 32 of Companies Acy,1956). He removed on 30.06.2020. Now he claims Gratuity under Gratuity Act,1972.
While checking his eligibility for entitlement of gratuity the following irregularities are surfaced:
1. He was appointed by the Board only for 1(one) year in its Board meeting held on September,2008 at a fixed remuneration. Although the resolution states about Terms & Conditions there is no such terms & Conditions.
2. In March 03.03.2010 in a Board meeting just by referring that as CS is mandatory he obtained a departments (Finance Dept of the state of WB) permission, note it before the board . But suppressing the fact before the Finance Department that “by virtue of MCA notification dated 01.01.2009 effective from 15.03.2009 the appointment of CS in a Company upto 5 crore capital is not mandatory (the Company’s capital Rs2.5 Crore).”
3. Form 32 which is essential (shows) his Date of appointment was 01.012.2008 (He appointed on September,2008). Attachment with Form 32 does not contain any Board Resolution copy nor there is any appointment letter.
4. The PAN in Form 32 shows ACIPR7015A but when I call for his PAN for filing DIR 12(Which is required for cessation from Secretary)he gave me AJTPR0310C and said as he had not received PAN Card in respect of PAN : ACIPR7015A he applied for another PAN ie AJTPR0310C since 2010. That he runs both PAN at the same time since 2010. Further his spelling of his surname is different as per PAN record.
My query is On the Basis of the points 2 and 4 can I call the contract as void contract ( specifically because of suppression of fact and false declaration) so that he will be prevented from claiming gratuity.
ABHIJIT
Anonymous
26 August 2020 at 12:37
Can a client file a lawsuit against director of a One Person Company (OPC) if they are not satisfied with the quality of services provided?
My understanding is that since the OPC is a separate legal entity, if the lawsuit is filed against the company the liability of the director is limited by his/ her shareholding in the OPC, and does not include any personal assets of the director.
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Atm failure transactions-non adherence by bank.
The Reserve Bank of India has issued instructions for the disbursement of rs.100/ a day for delay in reimbursement of failed transactions.On 30/11/2018 I met with a failure of Rs.5000/ from my account. I made complaint to the Bank authorities about the failure of this amount as the amount was not dispensed with eventhough debited from my account. Neverthless the amount was re-credited in my account on30/12/2019 withoput the cost of rs.100/ per day for 195 days. In spite of repeated representations and to the ombudsman, for the release of the belated days is yet to tbe complied with.Experts kindly advise how to proceed.