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Bhalnish Desai   18 December 2012 at 09:30

Selling immobvable property

We want to sell company's guest house. It is necessary to conduct Share Holder's meeting.

Ysil Karunai   17 December 2012 at 18:49

Partnership

Dear Sir,
There is a dispute between the two partners say A and B (they are the only partners in a registered firm) and each partner willing to continue the business now as a proprietory concern as soon as the firm dissolved. Since A was a Managing partner named in the partnership deed and claiming he has the substantial power and he has a right to continue the business in his own. Further B also claiming as both the partners have equal rights, since because the A was Managing Partner he doesnt own any extra power as per partnership act.
Please Clarify who's claim is valid and suggest the best remedy for this?

Asif Kodiya   16 December 2012 at 19:38

Depreciation as per companies act

Dear Concern

I want to know the rate of depreciation (as per section 205 & 350) charged on the following assets:

1) Mobile phone
2) Software
3) office equipment

Rashmi Jain   15 December 2012 at 23:18

Can a proprietorship firm would carry the personal liability of the proprietor

Hi

I need your valued and able advise :

I am a Sole Proprietor in a Firm, and I have a Personel Liability - dispute with a Bank, Which is my Name, and No where my Proprietorship Firm is being related nor a Part of my Proprietorship Firm , Can my Proprietorship Firm would carry my Personal Liability as the Proprietor ? Can The Bank attach the Assets of the Proprietorship Firm. Kindly be informed that I have my Suppliers as well as the Investor's Liability in the said Firm, While my staff ongoing salary , Can my Proprietorship Firm's Assets can be treated in legal terms as my Personal Liability and effect my Firm ? As to How can I safeguard the Firm.

Kindly let me have your valuable advise Plz.

Rashmi Jain

Abdul Latif   15 December 2012 at 16:07

Transfer of share from non resident to resident

Dear Sir,

I have purchased 2,000 Equity Shares of Indian Private Limited Company from two Non Resident. Both are NRI but One is residing in UK and other one is in USA. UK guy is having NRO Account with HSBC in India and USA guy is having NRE Account with ICICI Bank in India. They said me to make the payment in Indian Rupee Cheque. My Queries are as follows :

1. Can i make the payment to both NRI in Indian Rupee Cheues?
2. Do I require to file FC-TRS even payment is made in Indian Rupeess.
3. Do i need 15CA and 15 CB from Chartared Account for filing FC-TRS even payment is made in Indian Rupees.
4.How and where to file this Form FC-TRS ?

Please advise.

CA Sahi Singla   15 December 2012 at 15:13

Validity of notice under punjab vat act

Sir

I have got notice under Section 29 of Punjab VAT Act 2005 for the year 2008-09. Notice is dated 30/11/2012. Please tell me is this valid notice ? Isn't it time barred ?

Devender Kumar Khurana   15 December 2012 at 11:29

Cheating & forgery of broker/sub broker

I got opened Share Trading Account and DP Account on the commitment of Sub Broker by written agreement, including the name of Broker in agreement that 24% pa return will be paid and shares will be returned after completion of one year. After one year when shares not returned, I approached to Broker and surprisingly came to know that KYC Form and DP A/c opening forms for opening account were replaced by forged one. Signatures were forged on it do not tally with my signatures as in PAN Card and Copy of Passport. Now Broker refused to transfer shares on the pretext signatures do not tally.Even no return paid by Sub Broker. What remedy is available and how to proceed ? My hard money is blocked with Broker which I want to get back. If replied urgently I will be obliged.

uwehosting   14 December 2012 at 17:25

Stop company activities or remove director from board of director

Sir,
We have a registered Pvt. Ltd. company. We are 4 directors, i am founder and main signatory director (Director 1). Between Other 3 directors one director (Director 3) my wife. Rest 2 director Director 2 and his wife Director 4.

Director 2 and 4 do business without inform me. Collect money from customers and deposit it to his/her personal bank account. After that customer clam, then Director 2 and Director 4 are not submit money to company.

They process business personally without any meeting resolution.

Now i want to stop company or remove that 2 director from board of directors.

Kindly help me, what is the process ?

Can i apply VETO ?

S. Roy

jagdish pandey   14 December 2012 at 08:40

Company act

sir, my business partner wrongfully grabbed the pvt ltd co.and later came to compormise with help of few gentlemen and gave me a cheque for settlement of dispute.the cheque bounced,i filed a case u/s138 ni act,he was allowed by the court u/s205...etc.sir i want to know can i get any relief from heigh court u/s 438 of company act.