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Member (Account Deleted)   30 August 2012 at 10:18

Pvt. placement of shares

A Public Ltd.Company desires to issue shares on pvt. placement basis.The said issue will need amendmant of its MoA.What are the documents to be filed with Form 23 and Form V ? Whether Memo . of Information is required to be prepared and submitted to the McA , alongwith Form 2 after the said allotment?

manish mundra   27 August 2012 at 10:09

Arbitration & winding up

Whether winding up petition can be initiated by a secured creditor against a debtor company after having availed some benifits u/s 9 of the arbitration act.Whether obtaining some orders under section 9 of the Arbitration act makes the debt a "disputed debt".

atul mehta   26 August 2012 at 14:14

Sarfesi act

we have taken loan from nationalised bank. C.C.limit and term loan to buy commercial vehicles.our a/c became npa we were served notices and symbolic possesion was taken of collaterals now can the bank take reposesion of vehicles

atul mehta   26 August 2012 at 13:47

Sarfesi act

we have taken loan from nationalised bank. C.C.limit and term loan to buy commercial vehicles.our a/c became npa we were served notices and symbolic possesion was taken of collaterals now can the bank take reposesion of vehicles

Pranay Lasod   26 August 2012 at 13:07

Starting a web, app and game design business

Hi

We are 4 friends who are interested in starting our own business in India. We are students of engineering (3rd year). Our business will mainly involve:
- Providing web sites and web application to local as well as foreign clients
- Selling and providing support to HTML and Wordpress themes
- Development and selling of games, making them playable on internet and generating revenue through ads
- Developing apps and games for various mobile platforms

I wanted help regarding what all we should keep in mind, including legal problems
for eg: do we have to get a license, or reigister a company, and all other legal formalities

Thanks in advance

Member (Account Deleted)   25 August 2012 at 16:44

Hypothecation for car loan

A company has obtained car loan against hypothecation of the said vehicle.The Bank has executed a Loan Agreement and RC was endorsed in its favour.However, no Hypothecqation - Deed was executed.The Bank is insisting the company to arrange for registration of the charge?Can it be filed in the absence of the Hypothecation Deed?

rahul   24 August 2012 at 18:47

Register a firm

i know its repeated query but i m still not clear. and some more information has been added to this query.
dear all users & experts

look v have an educational consultancy bussiness.

we are going to take authorization of 5 universities to start admission for distance education.

so universities is asking registration of ur company or firm (any registeration }

what is the process of registartion of educational bussiness

we have partnership firm.... yes we have partneship deed, rent agreement, pan card

i m located in vadodara, gujarat

sir pls give ur contact number also so that v can discuss on phone also

K.K.Ganguly   24 August 2012 at 18:02

Can the banks still demand foreclosure charge?

One of my client wanted to foreclose his loan account but the Bank did not respond. Now his account has become NPA & the bank has initiated SARFAESI Proceedings. In the notice u/s13(2) of SARFAESI ACT,2002, the bank has demanded Rs.26,542/- towards foreclosure charge.

I had read some where that RBI has directed all Banks to stop collecting foreclosure charge.

My question is
1) Can Banks still levy foreclosure charges from defaulting borrowers?
2) If not then from which date & against which circular foreclosure charges have been barred to be levied on the defaulting borrowers or the borrowers who want to foreclose their loan accounts.

Thanks in advance.

Asha   24 August 2012 at 17:56

Comp law



Hii frnds,

I need 2 create a profile fr my friend company newly incorpoarted ( importer and exporter of machinery)

I don have any idea abt tis

please give sum standard company profile related to tis type of industry

Asha   24 August 2012 at 17:52

Law



Whether Section 300 of the companies act will be applicable in following situation?

- Mr. P is a director in XYZ Ltd
- PQR Ltd has entered into leasing transaction with XYZ Pvt Ltd Co. & DEF Pvt Ltd.

- Now Mr. P is not director or member in XYZ Pvt Ltd Co. or DEF Pvt Ltd. But Sons of Mr. P are Director in XYZ Pvt Ltd & holds 26% and wife of Mr.P holds 50% in DEF Pvt. Ltd.

Now, Question arose whether section 300 will be trigerred in case where director is holding less than 2% but his relative is holding more percentage???

Please give reference of your reply, if possible..