Decode Ballistic Reports Like a Pro. Register Now!
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

girish parmar   10 October 2012 at 18:35

Suspension of operation of bank account of pvt company

We are a Banker. Our Bank has assisted a Pvt. Company. The Private Co. has vide Bd Resolution severally authorised Two of its Directors (by name) for operation of Bank account of the Company. The Co. has four other Directors who have now written letter to the Bank to suspend operation of Bank account of the Company. These four Directors name does not appear in the Board Resolution. However they are the Directors in the Company. Whether the Bank should suspend the account? If no then what are the safeguard the Bank should take to defend against these four Directors who have given legal notice?

Bhawani Mahapatra   10 October 2012 at 17:12

Lease versus license

Dear Experts

Pl. suggest your valuable view on my query.

There is a provision u/s-60(b) of Indian Easement Act, which read
60. License when revocable.- A license may be revoked by the grantor, unless
(a) xxxxxxxxxxxxxxx
(b) the licensee, acting upon the license, has executed a work of a permanent character and incurred expenses in the execution.

Now my question is "whether sec-60(b) will give similar protection, if the property in questioned is acquired through "lease" ??

pushpakrishna   09 October 2012 at 22:05

Burden of payment

Dear experts,
ABC proprietopy concern having licence to do do a business.XYZ having licence to do business.'A' purchesed goods in the name of ABC with 'B'.'B' also sold goods to A in the name of XYZ. and 'A' paid the dueamount to 'B'. now XYD filed a case againist ABC for recovery of some amount on ABC being a Licence holder. is it tenable in the court of Law ? .kindly advice on this matter with citations if any or suitable remedy to ABC

minsal   09 October 2012 at 12:43

Cheque transactions

Sir,

a person "A" purchased goods from "B" as a part payment of goods he issued three blank cheques to "B". out of three cheques "B" passed two cheques to "D" and "E" against the payment of goods he purchased.

After some months on some points some dispute arose between "A" & "B" and "A" with intent to harass "B" send notice to "C" and "D" stating that "he has issued a cheque to them against purchase of the goods, the cheque cleared in your account but you have not yet sent the goods, so send the goods earliest."

what remedy is available for "B", "D", & "E"?

Manzoor Ahmad   08 October 2012 at 22:18

Regarding the closure of canteen.

Respected Sir/madam

I am Manzoor Ahmad.I am working in Delhi Public School Anantnag Kashmir.My question is regarding school canteen.I got a permission from Management for running a school canteen upto March 2013.But in the month of June one of the relatives of the Management locked my canteen asked me to handover the canteen to us .I refused and they locked it for 50 days.Whole the stock of the items got damaged.The permission got from the management is on the plain paper.after that I many times informed the management to make the payment for my damage,but they never give me clear answer.Now i want to file a case in the court.Before filing a case I want o send them legal notice .How can I send them a legal notice.What will be the result If I will file a case in the court against management.I am also working in the same school.Is there any possibility of losing job when I will file a case against them.Now from last four days I am not attending the school.Principal of the school is calling me and saying that you are an employee and and you are getting salray and canteen is some what different.Now I am in trauma what will I do either to leave the school and fight against them & I am also thinking if I will be ther that will make me physically weak.I here also want it to bring in your notice that I have all the documents regarding the matter with me That includes the Photographs of locking of canteen,Agreement letter,Bills ,Time to time communication letters to management,Bank Statement etc.Noe if I will file a civil suit & in filing the civil suit can I will claim the compensation for the demages and the amount which I will earn throughout the agreement period. Hope you will give me better reply
Thanking You
Manzoor Ahmad

Manzoor Ahmad   08 October 2012 at 10:33

Regarding closure of school canteen

Respected Sir/madam

I am Manzoor Ahmad.I am working in Delhi Public School Anantnag Kashmir.My question is regarding school canteen.I got a permission from Management for running a school canteen upto March 2013.But in the month of June one of the relatives of the Management locked my canteen asked me to handover the canteen to us .I refused and they locked it for 50 days.Whole the stock of the items got damaged.The permission got from the management is on the plain paper.after that I many times informed the management to make the payment for my damage,but they never give me clear answer.Now i want to file a case in the court.Before filing a case I want o send them legal notice .How can I send them a legal notice.What will be the result If I will file a case in the court against management.I am also working in the same school.Is there any possibility of losing job when I will file a case against them.Now from last four days I am not attending the school.Principal of the school is calling me and saying that you are an employee and and you are getting salray and canteen is some what different.Now I am in trauma what will I do either to leave the school and fight against them & I am also thinking if I will be ther that will make me physically weak.Hope you will give me better reply
Thanking You
Manzoor Ahmad

vishnukumar gandhee   07 October 2012 at 19:55

As per n i act i can give the notice for the cheque return

sir
i have one cheque of 160000 and dated on that cheque is 30/06/2012 i deposited it on 29/09/2012 and next day there was a bank closing day
cheque is return with memo that unsufficent fund or post dated cheque not entitled to clear

akash   07 October 2012 at 15:09

Pvt ltd co.- what happens if one of the 2 directors passes away?

Hello Experts,

One of my relatives is one of the two Directors of a Private Limited Company. The other Director has gone missing and has been untraceable (FIR has been lodged). Questions-

1) The cheque signing authority is in joint name. My relative is not able to issue any cheques due to this. What can be done if this has to be changed to single name?

2) If the other person continues to be missing or God forbid, is presumed to be dead, and there is no will available regarding whom his 50% share would be transferred, what happens to that share?

Thanks



pushpakrishna   06 October 2012 at 21:19

Effect of reply notice.

Dear experts,
Aperson issued a legal notice to 'X' demanding some amount stating as business due.The X issued a reply notice asking the full details regarding the due.but the person did not send any details to X and filed a suit basing on the legal notice for recovery of amount. Is it tenable? what is the effect of reply notice? kindly advice in this regard with citations if any.

Rupak Ghosh   06 October 2012 at 15:26

Section 25 company - salary to director

If any Section 25 company wants to give its director reasonable amount of compensation / salary for serving the company in its activity, then what will be the right procedure to do so?