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Rajesh Bhandari   20 February 2013 at 13:28

What is gross income?

As per the RBI Press Release dated April 8, 1999, The company will be treated as a non-banking financial company (NBFC) if its
financial assets are more than 50 per cent of its total assets (netted off by
intangible assets) and income from financial assets is more than 50 per cent
of the gross income. Both these tests are required to be satisfied as the
determinant factor for principal business of a company.

Can anybody tell me, What is GROSS INCOME? is it the Total Sales + Interest Income/ Gross Profit / Profit Before Tax?
For Example Company A is a manufacturing concern. During the year Total Sales is Rs. 500 Crores. Interest Income Rs. 100 Crore. Profit Before Tax Rs. 180 Crore. Whether it is NBFC?

Fahad   18 February 2013 at 21:11

Patent law

Hi,
I wanted to know that if I have an idea of building a website on a unique topic, game, or business model, can I get it patent under the present patent laws in India.
Kindly advise..

lakshmi savithri   18 February 2013 at 14:44

Insolvency petition

HELLLO SIR/MAM
MY FRIEND RAGINI IS IN A BIG PROBLEM i.e., HER BROTHER AND MOTHER HAD A HUGE AMOUNTS OF DEBTS AROUND 40 LAKHS ... AND THEIR PROPERTIES WOULD BE AROUND 20 LAKHS ..THEY HAD PAID LOTS OF INTEREST ...NOW THEIR FAMILY CANNOT REPAY THE MONEY AS THERE IS NO SOURCE OF INCOME...AND ALSO THEY TOOK MONEY FROM DHADAS ..SO ITS REALLY A HELL FOR THEIR FAMILY ..I AM ADVICING THEM TO APPLY FOR INSOLVENCY PETITION ATLEAST FOR TEMPORARILY DISCHARGING THEIR TENSIONS...IS THAT WOULD BE HELPFUL FOR THEIR FAMILY???WHAT ARE THE DISADVANTAGES FOR FILING INSOLVENCY PETITION LET ME KNOW PLEASE ??

P.C. Joshi   18 February 2013 at 13:20

Agreement

Dear friends,

A Ltd is importing some FMCG products in India from various countries and selling them under its own registered trade/brand name.

A ltd is approcahed by a customer in Nepal for sale of A's products in A's brand name in Nepal.Goods to nepal party will be supplied by the suppliers directlt and some produicts will be supplied by A ltd from India.

For this purpose if I make two agreements namely :

1. Distributorship agreement between A Ltd and Nepal customer under which A ltd will grant duitributorship and right to use the brand name of A ltd.

2. A supply agrement between the suppliers and Nepal parties with all terms and conditions of sale/supply incldung rates/payment terms etc.

Are the above agreement alegally valid and bining or there should be some different modes operaendi/agreements to give effect to the above transaction.

Plesae revert your views on urgent basis.

Thanks & Regards

P.C. Joshi

Fahad   17 February 2013 at 22:30

Cooperative society

Hi,
Can a cooperative society be formed with a sole intention of investing in share market, commodity market and govt. bonds (keeping some money as cash reserve too), and returning the profit to its members in the form of dividend. Obviously the loss and profit will be shared equally among its members just like a mutual fund, but my query is, Is this kind of business model acceptable for a Cooperative Society to have, and if yes then under which category of society (urban credit, salary t/c, multipurpose society etc...).
I'm from New Delhi and intended to form one with above business model.
Kindly advise.. Thanks in advance.. :)

Anshu   16 February 2013 at 14:17

Partnership act 1932

sir plz suggest me how can i prepared a partnership deed and what is the requirement for it.............plz reply

Harmanpreet Singh   16 February 2013 at 12:36

Opening a ielts coaching center

I want to start a IELTS Coaching Center . is any authorization is needed? i am already running a educational Society in punjab. Kindly Guide me as much you can .

Best answers will be appreciated .

Thanks & the best regards

rahul   15 February 2013 at 10:39

Bank guarantee

what are the legal formalities to execute a Bank Guarantee?

should any correction or corrigendum regarding terms and conditions of bank guarantee be produced in Non-judicial stamp paper?

Kiran   14 February 2013 at 12:46

Conducting agreement

Can any one provide me draft Conducting Agreement for running a factory/ plant.

Regards,
Kiran