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kaidjohar   16 November 2013 at 10:01

Business of arranging loans from banks

R/Sirs,

Facts:My client want to start a busines collecting/Arranging loan papers n sanctions loan from Banks and charge fees to clients.

Q.1.Under which law required to apply licence ?
2.Other than Income Tax n Service tax Liable to pay tax.

Thnax..

kalpana   16 November 2013 at 08:15

Charge

A company had created second charge on a property now the first charge holder has ceded the charge to second charge holder as the debt due to them has been paid in the roc I am still shown as second charge holder the company is refusing to register me as first charge holder my query is by virtue of the first charge holder ceding the charge to me I step in to the shoes of first charge holder principles of and there is no necessity of registering the same with the roc

Thakur Ashwani Verma   16 November 2013 at 00:18

Us 138 of ni act

Kindly advice if I can file a joint complaint of different people who were issued seperate cheques by the same accused any case law please cite

Thakur Ashwani Verma   15 November 2013 at 23:46

Us 138 of ni act

Kindly advice that can I file a joint complaint us 138 of ni act where the accused issued cheques of same amount to different complainants , notice by the complainants was served jointly

Kindly send some supreme or high court citations

padmanabha guptha   15 November 2013 at 11:26

Cheque dishonoured

Sir,

With reference to attachment, the subject cheque dated:05/11/2013 has been dishonored. Please inform me the initial leagal procedure to be initiated
This was the cheque received towards the stock transferred at cost in view of closure of business.I have paid to the company already. The sales staff have failed in clearing through sales. Hence, the stocks have been transferred as I have stopped purchase.The company does't give stocks on credit. Can I demand the compensation and profit/free item offered to that distributor as he has earned out of my investment.
Also, please enlighten me, what I should do, if party does't receive the notice intentionally. And, can the expenditure and interest be demanded in the notice.
Most of the time shop of the address given will be closed. Post man may not be able to deliver the notice. Notice may be returned stating party not available. Under such circumstances, what should I do?

Sethuraman   14 November 2013 at 21:55

Closure of memorial trust

Dear Experts, Plz guide me the steps for closing the memorial trust.

Praveen   14 November 2013 at 18:49

Regarding legal notice

DEAR SIR,

ONE OF MY CLINT WAS WORKING IN PRIVATE COMPANY AND RESIGN THAT IN 12 SEP 2012 WITH RESIGNATION LATTER.AFTER TWO MONTH,HIS ICICI BANK ACCOUNT WILL BE FREEZE BY THAT COMPANY.LAST 12TH NOVEMBER 2013, HE RECEIVED CALL FROM THAT COMPANY,REGARDING RECEIVING TWO MONTH SALARY AFTER RESIGNATION.HE ALSO SAYS THAT REGARDING THIS COMPANY ALREADY INFORM YOU BY POST AND MY CLINT HAS RECEIVED THAT STATEMENT.ACCORDING TO MY CLINT HE NEVER RECEIVED SUCH TYPE OF ANY INFORMATION BY POST/MY TELIPHONICALLY OR NOT ALSO BY MAIL. THE COMPANY MEMBER SAYS THAT WE ALREADY MAIL YOU ABOUT THIS MANY TIME.THE COMPANY MEMBER FORCE TO SUMMIT RS 48000 AS EARLIEST IF MY CLINT BE FAILED TO DO THIS ,THEY ARE SAYING TO DO LEGAL. WHEN MY CLINT SAYS THAT PLEASE DO UNFREEZE MY ACCOUNT SO THAT I CAN CHECK THE STATUS ,THE COMPANY IS SAYING THAT THIS IS NOT POSSIBLE UNTIL YOU PAID . MY CLINT IS SAYING THAT I NEVER RECEIVED ANY EXTRA MONEY FROM COMPANY SIDE.BUT I RECEIVED THE PF FROM THE PREVIOUS COMPANY WHICH HE ALREADY APPLIED. KINDLY SUGGEST THAT CAN COMPANY DO ANY LEGAL ON MY CLIENTS. WHIT OUT HIS ACCEPTANCE.

REGARDS

sssvkSridharan R.   14 November 2013 at 15:28

Compaines act, 1956 - section 257

Section 257 of the Companies Act, 1956 reads as follow



257. RIGHT OF PERSONS OTHER THAN RETIRING DIRECTORS TO STAND FOR DIRECTORSHIP.



A person who is not a retiring director shall, subject to the provisions of this Act, be eligible for appointment to the office of director at any general meeting, if he or some member intending to propose him has, not less than fourteen days before the meeting, left at the office of the company a notice in writing under his hand signifying his candidature for the office of director or the intention of such member to propose him as· a candidate for that office, as the case may be along with a deposit of five hundred rupees which shall be refunded to such person or, as the case may be, to such member, if the person succeeds in getting elected as a director.







…, if he (=such person) or some member intending to propose him has left at the office of the company a notice…



The above said notice should be left at the office of the company either by such person or some member. No doubt.



…a notice in writing under his (=such person’s) hand signifying his candidature for the office of director or the intention of such member to propose him as a candidate for that office….



Under whose hand should the notice be in writing? Whether under such person’s hand or under such member’s hand? – I can not understand.

oyayubihime   13 November 2013 at 19:18

Tax for property selling

In the case of Pvt.Ltd company.
Property was purchased in 2006. It is under depreciation in audit. This property is factory and was used for business.

Kindly tell me, income tax should be paid 30% or 20% in this case? What condition is applicable for 20%?

Also tell me how to say "thank you" for experts who give me reply.

Piyush   11 November 2013 at 19:46

Cartels

Dear Experts,

I have a query with regards to cartels and the Competition Act. I wanted to know that if any co ...say "X" ..is part of a cartel ..but wishes to come clean and notify the authorities, do they get some kind of immunity/relief? Is there any incentive to promote such "Whistle-Blowing"? Are there any conditions to be fulfilled to avail the same? I am asking this question from the perspective of the company involved.