Member (Account Deleted)
08 December 2012 at 12:56
Xyz (P) Ltd. desires to issue bonus shares out of its free-reserves.It is an un-listed company and has not declared any dividend for the last three years.Further,its Articles of Association is silent about issue of bonus shares.Can it issue bonus shares?If yes,can it do so simply by passing board resolution or approval of the shareholders will also be necessary to change the AoA and to authrise the board to issue the same.
Bhupen
07 December 2012 at 19:45
I have Filed a Company Petiton. There were objections but all were cleared.
Today when i checked the Online System It shows,
Bench: Single.
Coram:-REGISTRAR(OS)/PROTHONOTARY & SR. MASTER
Stage:- FOR REJECTION [ORIGINAL SIDE MATTERS]
What does this mean??
What should next course of action?
Regards,
Bhupen Shah
bhavin
07 December 2012 at 18:37
One of my friend is a lawyer and runs a law firm(Partnership Firm) and also having a website in the name of their firm and my friend is also a certified handwriting analyst.
Now Questions are...
1. can firm starts a professional consultancy in handwriting analysis?
2. Can they add a portion of content relating to the handwriting analysis in their existing website.
3. can it be considered as a legally wrong,if they do so?
Reshma Yadav
07 December 2012 at 16:02
does cetral govt permission is required to take intercompany deposit from public co to public co
Jay Prakash
06 December 2012 at 11:44
Dear Experts,
Please simplify the "Bombay Relief Undertakings (Special Provisions) Act,. 1958"
who can apply for 'Relief Undertaking" declaration under this act?
What would be its advantages/disadvantages to the company or its creditors?
Meha Harish
05 December 2012 at 21:43
Export client covered under ECGC standard buyer wise policy. He defaulted for 50% bill payment. Claim lodged with ECGC by exporter through the bank. Next week Bank classifies his account as NPA inspite of ECGC claim being in process and issues legal notice under Sarfaesi act 13(2) within 2 weeks of NPA. There are no overdues in any other account.
In view of RBI's NPA guidelines on Central Govt Guaranteed advances - was NPA classification legally correct??
Please advise ASAP.
SANGAMESWARA RAO DHUPAM
02 December 2012 at 22:14
Partnership firm was formed in 1991. There were 6 partners in that firm. One partner retired from the firm taking his capital balance . He at the time joining in the firm contributed certain immovable property i.e. towards his capital. Afterwards the firm developed its business by constructing Mill and was doing business. The firm was reconstituted and filed a deed of Reconstitution Deed with the other partners duly paying 5% stamp duty on the property which retired partner invested as his capital fund since the property remains with the firm as per Article 41-B(a) of Schedule I-A to the Indian Stamp Act, 1899 . Now the remaining partners approached a Bank for obtaining loan to the firm. The Bank Manager advised them that the retired Partner who invested immovable property should transfer his immovable property in the name of the firm by means of a REGISTERED SALE DEED. In this connection I need advice whether a separate SALE DEED is necessarily be registered in the name of the Firm or not ? In this connection I bring to your kind notice the judgement in ILR 1947(2) Cal.1 "if any person brings his own property in to the Partnership firm it is not necessary for him in order to bring it into the Partnership stock to transfer it by registered instrument to himself ..... " Please advise me
REENA SAWANT
01 December 2012 at 15:05
HI ,
CAN ANY ONE PLZ GUIDE HOW WILL I GATE THE LICENSE FOR FOOD CATERING BUSINESS. ACTUALLY I AM ACCEPTING FOOD ARRANGEMENT ORDERS IN WEDDING.
REGARDS,
REENA SAWANT
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Expulsion of partner under partnership act
Hi,
Please answer the following queries asap:-
1. Can an unregistered firm expel a partner?
2. What constitutes"good faith" as mentioned in Sec 33 ???
3.Whether public notice has to to be given simultaneous to the notice of expulsion ???
Thanx & Regards,
Anamika.