Saurabh Kumar Singh
20 December 2012 at 10:57
Dear Experts,
we are A ltd company supplied goods to B ltd company for the amount of Rs. 3.5 Cr. Now the B company is not willing to pay so we have initiated some legal actions against the B comapany. Our Sr. Management telling us :-
1. to write to B company Banker's
2. to write letter to CIBIL against B company
3. to file case against B company declared dividend.
Kindly suggest shall we go with query 1 & 2. if we have to file case against B company for declared divident suggest the appropriate court.
KAMLESH KUKREJA
20 December 2012 at 01:21
a partnership firm consisting of 4 partners(A,B,C,D). a is a managing partner and 3 others visit in office only once in month to review the operations of firm.
suppose B have met with an accident and got injured such that he will not never be able to attend the office. my question is Can C file the suit for dissolution u/s 44 of indian partnership act,1932 as in point b of section it is stated that "a partner, other than the partner suing, has become in any way permanently incapable of performing his duties as partner" even though B is not managing Partner
KAMLESH KUKREJA
19 December 2012 at 17:08
there are 3 partners in a firm, they all together admitted a minor z for the benefits of the firm, on 28.03.2012 he have attained majority and on 04.04.2012 take a loan of Rs:-6 lakh from bank. and on 24.06.2012 the firm is dissolved. Z says that he is not liable for loan amount as he was admitted when he was minor and after attaining the majority he have not given any public notice that he have elected to become a partner and still as on 24.06.2012 period of 6 months is not expired
is Z liable for the debt incurred on 04.04.2012?
KAMLESH KUKREJA
19 December 2012 at 16:29
an partnership firm carries on trading business in goods.firm sells goods on credit basis and payment is always received in cash in office of partnership firm, but when one of partner visits the office of customer for some work.client paid him the money at that time itself in his office(partner is not authorized to receive cash) and partner does not account for that cash and he run away.
can firm recover the money from customer as customer have not paid at office.
KAMLESH KUKREJA
19 December 2012 at 16:10
as per sec 24 of Indian partnership act,1932 Notice to a partner, who habitually acts in the business of the firm of any matter relating to the affairs of the firm operates as notice to the firm, except in the case of a fraud on the firm committed by or with the consent of that partner.
i am unable to understand situation of except(exception case)
can i get example of same
hetalsangoi
19 December 2012 at 10:01
Defaulting in filing of Annual return and Balance sheet for the financial year 2007-2008,2009-2010,2010-2011,2011-12 WHAT ARE THE CONSEQUENSES OF THAT? AND CO IS NOT OPERATING NOW? WHAT IS THE SOLUTION TO CLOSE THE COMPANIES? IF CO FILES ALL THE ABOVE FINANCIAL RETUN WHAT ARE THE PENALTY ARE THERE?
KAMLESH KUKREJA
18 December 2012 at 23:14
there are 3(A,B,C) partners in partnership.at the time of entering into partnership(oral agreement) they decided that only A will manage the business & B & C will only review the operations of business.after sometime B also want to manage day to day activities but A refuses and says that according to partnership deed only A can manage day to day activities but B says that he have right to manage business as he is partner
my question is who is correct A or B?
Asif Kodiya
18 December 2012 at 15:19
Dear Concern
One Rupee Revenue Stamp is sufficient for a Receipt, if the amount is above Rs.5000, under Article 53 of Indian Stamp Act. If the amount is less than Rs.5000 you need not affix any Revenue Stamp.
At present the limit has been changed to Rs 6500.. Am i correct?
I am unable to find Rs 6500 limit under section 53 of this act.
Can i get any link/reference where i can find the amendment related to this if any..
madhisudhan
18 December 2012 at 14:32
My wife is starting a ladies beauty parlour for ladies and children in residential area which is very nearly adjustable to main road in lingarajapuram, There is no objection from the owner for the business but a resident straight front of our shop is objecting for this business without giving any reason and he is threating me that he knows commissioner, MLA and lawyers to stop opeining my wife business there, how should i need to start the business by facing him or is there any legal restrictions where i need to follow. please reply me very soon.
Thanking you,
Madhisudhan
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Street vendor
Hi sirs,
Street vendors are business people who sell their wares in the open air rather than in a shop or store...So a street vendor must obtain a business license in order to sell to the general public in Tamilnadu ,is required ?
I need full information on this.I am eager to sell some home-based items in chennai.& it can be moved to other tamilnadu cities.
Kindly help on this ?