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KHUMESH   11 November 2013 at 17:13

Lawyer as practicing and turning into business

If my friend is lawyer and practicing, now we want to start a business so we want to make partnership deed , is there is any problem in making deed legally , my friend will be sleeping partner and I will be active partner but share will be 50-50%. I will be taking care of business and can he make practice as lawyer.

Please advise

oyayubihime   07 November 2013 at 22:12

Can i give digital signature to ca?

My CA demand my DSC and password for filing return for ROC etc. He said my file couldn't be submitted due to error of my DSC online, even it was checked in his office.
According to him, at the time of filing in ROC site, error file volume increase and can not be uploaded again.
They always made careless mistake, and I want to check before sign. But CA said he keeps all client's DSC for speedy work. Should I give him DSC?

KHUMESH   06 November 2013 at 10:58

Conversion into partnership firm

We have purchased land for setting up factory in name of my wife and my brother-in laws wife . earlier there was registration of factory in name of Mr. A , Now it was registered in name of my brother in laws wife as sole proprietor of company. We want to convert it into Partnership firm where myself and my brother in law only will be acting partner for which we have invested money in purchasing land and machinery.Can we make partnership deed including four partner as myself, my wife, my brother in law and his wife but acting partner will be myself and my brother in law . Although TIN number has been allocated to my brother in laws wife. We want to make all possible inclusion of property such as land , machinery in name of firm.So by making partnership deed in such a way it can become possible. Further we want to get loan from bank for operation . What are the steps for making it partnership firm .

Nikhil   05 November 2013 at 13:22

Box printing

I am launching an electric cieling fan. I have registered my trademark. I want to know what all is mandatory to be written on box by law. Working in state of maharashtra. Thanks

D. PARTHASARATHI   02 November 2013 at 10:19

C form

I Purchased wheel alignment machine with c form condition, and i got the C form through online. now the Tamilnadu Commerical Tax department send a notice to me for the above said goods purchased will not be used for manufacture of finshed goods. its against provision of sec 8(3)(b) of the CST Act. its correct. please guide me

Abhinav   31 October 2013 at 10:31

Balance sheet of a partnership firm

Dear Experts,

A partnership firm is different from a limited company.I have very specific questions, please advise

- Who all has the right to ask for Balance Sheet copy?

- Our setup has 4 Working Partners and 2 Non Working Partners. Can a sleeping partner who has given power of attorney can get a copy of Balance Sheet ?

- How many previous years balance sheet can be shared? One of our partner has asked to give him Balance Sheet for last 30 years ?

Ritesh Rathod   31 October 2013 at 09:06

Name of partnership firm

Dear sir
is there any regularly restrictions for selection of name of partnership firm?

navin   30 October 2013 at 23:55

On demand & consideration receipt

sir i want to lend money to my friend for 1% intrest per month.for this he is providing an on demand & consideration receipt to me with a post dated cheque of 1 lac exactly after a year.my question is
1. hw many revenue stamps should i fix on on demand & consideration receipt?
2.should i take cheque for 1 lac or should i write the intrest for 1 year & take cheque for 1.12lacs?
3.hw many witness should i take?
4.how do i safe guard my payment?
5.dates of on demand & consideration receipt
should be same?

somesh   30 October 2013 at 17:27

Re : possession under sarfaesi

Dear Sir,

The bank has given me a notice u/s 13(2)which says i have to pay the dues within 60days (60 days will be finished in this week)and i managed to pay 20% of the whole due after receiving the notice and given a request letter to cooperate with me and help me to come out clearly from this situation. my plea has fallen to deaf ears.

Now my query is i have given my property (office and residence)as collateral
1) can a bank evict me out of my residence?

2) can a bank decide which property shall be evicted first or there is a hard & fast rule to evict office premises first?

3) i have debtors of around 30% of the whole amount in the market which might realise in 3 to 4 months, can i request them to take possession of my office (as debtors + office premises would suffice and settle the whole dues)and leave me out of this?

4) lastly some of my friends sympathized me saying that bank cannot evict me out of my residence as its only the place you reside in, they can only take symbolic possession (is it true)?

Thanks in advance

Mahavir   30 October 2013 at 16:48

Llp form -2 - is notary required on subscribers sheet

I am forming New LLP at Rajasthan.
There are 3 Partners all are Designated partners.

1 partner is from India & rest 2 are Indian Citizen Residing at USA - NRI.

So I want to know while filling Form-2, whether Subscribers sheet is required to be Notorised in Foreign Country or Notary & Attestation by Indian Consulate in USA both are required?

And also let want to know whether Agreement is Compulsorily required to be Attested by Indian Embassy in USA or only Notary in USA is valid?

Thank you in advance.