Dhirender Wadhwa
17 January 2013 at 12:40
I had opened a trust with my daughter as the beneficiary.
I have two questions, kindly help
1) Can the trust start a small business (service based) as the properietor. If yes, what will be the Serive/ Income tax levied on the business and the properietor trust. As on date, the trust has no business/ income.
2) Can I include my second baby in the same trust as co-beneficiary?
SURAJIT
17 January 2013 at 10:11
Dear Sir
I was issued a Bank of Baroda cheque by GSFC, vadodra on 10.10.12. when i submitted it at SBI the cheque dishonored. then i called GSFC and narrated the matter and sent the scan copy of cheque along with the remarks of bank for dishonored (reason " drawer signature not as per mandate"). still no action was taken by GSFC. again on 26.12.12 i submitted the same cheque at SBI and this time also the cheque bounced with the reason " drawer signature not as per mandate". then i consulted an advocate and has sent a notice to GSFC on 9.1.13. now my point is that on last 10.1.13 the validity of the cheque (i.e. valid for three months) has exhausted. Please advise what shall i do next ?
Bhavin Doshi
16 January 2013 at 22:13
Sir i sold Rs.10,47,565/-goods to one customer under the terms 20 days payment.But he divided the amt into 3 parts and and gave me 3 cheques. Sir now all 3 cheques have been dishonoured.And every day he is making false commitments,And business is fully stopped and and my creditors are pressuring me to make the payment.I am planning file the case.So i wanted to know how much time it takes to get the judgement for a court.
oyayubihime
16 January 2013 at 16:38
In case of Pvt.Ltd company, 2 directors can be both foreigner? If yes, what is the condition? Is it necessary to visit or live India?
Rahul Jain
16 January 2013 at 10:43
if i have given a loan to one of my wholesaler by cheque of rs. 500000 and cash of rs. 10 lac for hhis business purpose and chrged interest @ 6% which is adjusted against the purchase made and balance by paying cash....and the cheque has been bounced for principal amount...how can i get the money in that case...please suggest me....
Garima Agarwal
15 January 2013 at 18:07
Sir / ma'am
I want to know can company law board order over a case before it, if regarding the same matter a criminal case is pending before a high court? or
can a high court give permission or order company law board to order over that matter?
Reply asap and i will be really helpful if u can support it with case laws.
rahul
15 January 2013 at 13:11
I had just now closed my loan Accounts (cash credit & term loan) with the SBI Bank,total outstanding was 26.50 lacs,so we deposited 5.50 lacs & 22.41 lacs by D.D's, DD was of excessive amt. b'cos it was arranged by us,to my ssi unit's loan Accounts,out of that 1.41 lacs was excessive,as a principal borrower i am the only person(prop.) of my unit to operate my bank A/c etc..But Bank has handover the excessive amt. to my gaurantor without my permission or concern, is it legal ? as per banking laws.As per my knowledge anybody can deposit amt. in the Bank but to withdraw amt.is not possible to anybody even wife or father of the Account Holder.Even there was no question of properties Auction of mine or Guarantors.
Kunal Shah
14 January 2013 at 21:22
Dear All,
In a situation where a listed company defaults on paying interest on time;
1) Is it better to go to Company Law Board first or should the depositor file a Winding Up Petition?
2) Can the depositor ask the CLB for a list of all FD holders with that company, so they may form an association and lodge a complaint with CLB, or as a group, file a Winding Up petition?
rahul
14 January 2013 at 19:13
dear sir,
I had just now closed my loan Accounts (cash credit & term loan) with the SBI Bank,total outstanding was 26.50 lacs,so we deposited 5.50 lacs & 22.41 lacs by D.D's, DD was of excessive amt. b'cos it was arranged by us,to my ssi unit's loan Accounts,out of that 1.41 lacs was excessive,as a principal borrower i am the only person(prop.) of my unit to operate my bank A/c etc..But Bank has handover the excessive amt. to my gaurantor without my permission or concern, is it legal ? as per banking laws.As per my knowledge anybody can deposit amt. in the Bank but to withdraw amt.is not possible to anybody even wife or father of the Account Holder.Even there was no question of properties Auction of mine or Guarantors.
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Agreement
an employee signed an agreement with employer that he will surely work with him for 3 years if he leaves in between then employer will get compensation of Rs:-90000. if employee leaves the service within 3 years then can employer enforce the contract & get compensation.?
what if above is only bond?