jastej singh
27 December 2012 at 21:23
I have not able to conduct Annual General Meeting because of dispute and lack of co-operation from other directors. as per section 167 of the company act i can make an application to the CLT to allow me i.e. single director to form quorum and conduct AGM. Whereas section 174 (5) allows me to adjourn meeting for one week and in case other directors do not attend, then the present directors will constitute quorum. Now I am in dilemma as to which provision to follow. Should I approach CLT (as per section 167) or should i adjourn AGM for one week and if other directors are not present then I alone will make a quorum for the meeting (as per section 174 (5). Please remember that section 167 specifically uses the term AGM whereas section 174 (5) only uses the term quorum for a meeting. An early reply will be appreciated.
jatin arora
25 December 2012 at 23:44
dear Sir,
My friend had given me Rs. 20,00,000/- loan in 2 installements for investing in my business, which is a private limited company and my wife and myself are directors.
He had given by cheques and there was no agreement or writing.
The loan was taken in April and may 2010.
We have been paying him by cheque in small installements of rs. 32,500/- per month and then from january 2012 by cheque and also daily cash collection he started taking from us . The cash collection was of our business, for which he has signed the register.
Now he has sent us a legal notice claiming Rs. 20,000,00/- and says the money was given for other purpose.
He has infact taken 28 lakhs extra by way of cash collection.
Can we prove in court, or what shall we do?
He used to sign the cash register while taking cash from the office and sometimes we used to send him mail
Kvijay12345
25 December 2012 at 22:51
my friend is very irritated by the recovery agents of the bank. He has already instructed them and their respective banks not to visit him at home and instead to meet him in his office at the specified timing but yet the recovery agents keep coming to his residence and harass his family members in his absence. Can he ask the society authorities to instruct the Security persons of the society not to let any recovery agent to his flat to meet him ? If the society authorities refuse to accept his written request for not allowing any recovery agents of the bank to his residence, what are the legal remedies available with him to stop these recovery persons from visiting his house? Where to complain against these rogue co-operative Hsg Soc. Authorities , who do not co-operate with him?
vijay kumar mane
24 December 2012 at 22:51
Thank you so much for such a valuable advice what is the fist step should i take know.I even dont know under which act my lawyer had file a case.
Ashvani Sharma
24 December 2012 at 21:54
I am in a trouble.I have given a case to a Lawyer in Supreme court and he demand a fee of fifty five thousand. i have given him a cash of 20 thousand at the time of sign of Vakalatnama. and he ask a cheque of rest payment on the same day and said that this is as a security and when i'll pay them cash before the date in court he'll return it.i have given him a cheque of 35 thousand at the same day but before the case date i have given him a cash of 35 thousand and ask the cheque return.he said that he'll give me tomorrow. and on the date of court when i ask that i am also want to come in court at the time of hearing he said that this is not nesessary. and my caplication has been rejected by court.the lawyer has given me the all papers related to m y case but not my cheque. now he sent a legal notice to me for the cheque returning and bouncing. however there is no any fee pending from my side ... plz tell me what can i do now because that lawyer is harrsingme. plz help me and tell me what i have to do because he is saying that i have no any avidance of cash payment but he has the avidance of cheque return.
Pranav Anand
24 December 2012 at 20:05
Hello sir,
We are opening a small catering business in Bangalore. We'll not prepare food but will just arrange from restaurants and will deliver to parties. Is there any license required for this kind on online business? Is food license required because we'll purchase food with restaurants who already have license. Please let me know in detail about the legal requirements for this sort of Business.
Thanks in Advance...
Pavani Bayyana
24 December 2012 at 18:46
Esteemed members,
I am an individual and had lent some money to one of my friend at a rate of 3% per month. The high rate has been opted because, he was in need of money on a emergency basis and to serve his need I have borrowed from another person at a rate of 2.5% from one of my friend, keeping 0.5% as my margin.
I would like to know whether charging an abnormal interest rate of 3% per month(i.e. 36% per annum) would amount to any violations of any of the money lending acts or any other acts or constitution etc.
I hope Money lending act is not applicable to me as I am not a money lender and also I am not lending money on a regular basis and this was only one of a rare lending transaction by me.
Appreciate if you quote relevant provisions of law for better understanding.
Mahendra
20 December 2012 at 18:44
Dear Sir,
I have just passed out LLB and and got sanad
Pls advice me to reply to advocate notice which is as under
the notice says
that the client of advocate is MSEDCL and notice is for recovery bill.
1) one bill period is of december 2000 & the other is jan 2009 hence its too old
what should i write as an advocate regarding clause of limitation for reply to the notice of an advocate
Thanks in advance
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