viikram
24 October 2012 at 20:33
Dear Experts, I have Two Query...
1. If one business is registered under shop establishment act Madhya Pradesh, Can this business perform its business activity in another city?
2. One person is claiming that he have tie up with some music company and forcing to buy his no objection certificate in 8000 Rs. to use music of those music companies. while his company/firm is registered with shop act in Bhopal (MP). can he sale this kind of license? can he sales these kinds of certificate other than Bhopal city.
Please suggest because its seems illegal activities by him. Also please suggest me which code will apply of IPC.
thanks
L N Das
24 October 2012 at 13:21
A is a joint venture company with X (OEM) established during 1994 in the premises of X on lease to supply material to X on JIT basis. Y is a group company established in India later during 2005. A falls under this group company of Y but is totally having separate entity. Y is having group company but it has also separate entity and not a JV with X (OEM). The corporate office of Y is functioning in the building of A although X (OEM) has not allowed Y to function their office.
Want expert opinion as to whether Y (group company) can operate their corporate office without getting any permission from X or not. If yes whether it is legal then there must be a section under Companies Act, 1956 of Ministry of Corporate Affairs.
Please let me know.
Ravi kumar
23 October 2012 at 18:08
A PRIVATE COMPANY ENGAGED IN MANUFACTURING ACTIVITY AND UNDER LOAN LIABILITY AGAINST MORTGAGE OF LAND AND BUILDING,A DIRECTOR OF ABOVE COMPANY AUTHORIZED BY BOD
"TO NEGOTIATE FOR SALE OF LAND & BUILDING OF THE COMPANY AND SETTLE THE BANK LOAN".
THE DIRECTOR SOLD THE LAND & BUILDING ON THE BASIS OF ABOVE RESOLUTION AND FUND WAS UTILIZED BY COMPANY TO SETTLE THE BANK LOAN.
WHETHER THIS ACTIVITY OF THE DIRECTOR IS ULTRAVIOLET AND ONE OF THE DIRECTOR CAN FILE A CIVIL SUIT AGAINST THE DIRECTOR ON THE BASIS OF DOCTRINE OF ULTRAVIOLET,ALSO CREATING A PARTY TO THE PURCHASING COMPANY.
Is civil suit by a single director against a third party (purchasing co) is maintainable who has purchased the property from company is maintainable?
Ravi kumar
22 October 2012 at 19:44
whether sale of land of company by a director authorised to negotiate for dealings for sale and settle the bank loan.
Is this activity is ultra vires and what is the consequence of this transaction on buyer, who has purchased and paid the consideration to company in good faith.
Asha
22 October 2012 at 18:32
Hie Everyone,
My father had invested in PVT LTD CO.
Now I had to get the money back, IT is nagpur based company .
Please can any body help me how to reply or get money back from that company.
(Mca) will help ???
koteswara rao jonnalagadda
22 October 2012 at 02:40
respected experts,
namaskar and wish you happy vijayadasami.
sir,
i have taken aloan from icici bank of rs 13.5lacs by mortgageing my residential property in sep 2008,on following terms.
type of loan-home equity loan-resident ind
amount sanctioned-13.5lacs
rate of interest-16.5%floating.
term-180 months.
e.m.i-rs19127/-p.m
on the above terms i have taken loan with a pre closer charges of 2%
since my health was badly effected and my age is 57years,doctor advised me to take rest by redusing all my stress,at this juncture in the month of june 2012 i went to the bank to find out my out standing balance for making arrengements to close the a/c.
for my shocking they told me my out standing balance is rs12.6 lacs,where as i have paid till may-2012 rs8.77 lacs,that means roughly.9 lacs adjusted towards principle and balance 7.9 lacs adjusted towards interest for 44 months.after getting back the principle also bank is charging on the original borrowing for this
type of deduction i never signed any document.at this juncture i kept money in my savings bank in the month of july ,
and writing letters to close loan a/c as per my caliculation it is approxmately 8to 9 lacs this money i kept at bank for more than 3 months and written 4 registered post-ack letters and 6to 7 e-mails but they are not coming forward to close my a/c or to show me my written commited letter as they are caliculating and buyfercating interest and principle component.
which is the right governing body or judicial body to solve this issue .
iam still paying regularly the emi's every month,bank is taking the advantage of sarface act.kindly guide me i am not interested to continue the loan,in the mean time i undergone for open heart surgery on 13 th aug 12 due to this torture this also i brought to the notice of the bank but no reply for it.
i am in multible losses ,kindly guide me how to come out the situationand if possible leave your mobile numbers for further guidence.i am from hyderabad.
thanking you,
with regards,
koteshwararao jonnalagadda
koteswara rao jonnalagadda
22 October 2012 at 02:37
respected experts,
namaskar and wish you happy vijayadasami.
sir,
i have taken aloan from icici bank of rs 13.5lacs by mortgageing my residential property in sep 2008,on following terms.
type of loan-home equity loan-resident ind
amount sanctioned-13.5lacs
rate of interest-16.5%floating.
term-180 months.
e.m.i-rs19127/-p.m
on the above terms i have taken loan with a pre closer charges of 2%
since my health was badly effected and my age is 57years,doctor advised me to take rest by redusing all my stress,at this juncture in the month of june 2012 i went to the bank to find out my out standing balance for making arrengements to close the a/c.
for my shocking they told me my out standing balance is rs12.6 lacs,where as i have paid till may-2012 rs8.77 lacs,that means roughly.9 lacs adjusted towards principle and balance 7.9 lacs adjusted towards interest for 44 months.after getting back the principle also bank is charging on the original borrowing for this
type of deduction i never signed any document.at this juncture i kept money in my savings bank in the month of july ,
and writing letters to close loan a/c as per my caliculation it is approxmately 8to 9 lacs this money i kept at bank for more than 3 months and written 4 registered post-ack letters and 6to 7 e-mails but they are not coming forward to close my a/c or to show me my written commited letter as they are caliculating and buyfercating interest and principle component.
which is the right governing body or judicial body to solve this issue .
iam still paying regularly the emi's every month,bank is taking the advantage of sarface act.kindly guide me i am not interested to continue the loan,in the mean time i undergone for open heart surgery on 13 th aug 12 due to this torture this also i brought to the notice of the bank but no reply for it.
i am in multible losses ,kindly guide me how to come out the situationand if possible leave your mobile numbers for further guidence.i am from hyderabad.
thanking you,
with regards,
koteshwararao jonnalagadda
Vinod kumar Agarwal
20 October 2012 at 19:36
I would like to source a questionnaire for cross examining a Bank officer. Thanks
Hema Kishnani
20 October 2012 at 19:02
i have imported net fabric from china..total value approx 30 lacs..it has come totally damaged. due to which it stands at ZERO value now..please guide .how do i go about claiming the damages
© 2026 LAWyersclubindia.com. Let us grow stronger by mutual exchange of knowledge.
Private co
Query... 1. Can a private limited company allot shares in lieu of services? And if alloted can they forfeit shares if the service obligations are not fulfilled? 2. A euity shareholder holding 5-10% shares in a private limited company. Andwe demerge the company. Can this shareholder object for the demerger?