ARK
02 August 2012 at 11:26
My friend was a sub broker of a very well reputated company of MCX. But Last 6 months back his clients made a debit of 5 lacs in the accounts and unable to pay the loss. Now the company has sent my friend(sub broker) notice to pay the loss incurred by the client in a week.If he wont pay the debit in 7 days from the day of letter receieved he will be additionally charged 18 % per annum interest. My friend is saying that its the duty of the Company's Risk management to take care of the debits and credits. Now what to do??? Please suggest. . .
Sushil Pal
01 August 2012 at 16:30
In a registered partnership firm, there are two existing partners. They want to sell that firm to group of five other persons, as they no longer want to continue this business. Now, is it possible that both the existing partners go out of the firm and the new five partners come in into the firm on the same day?
Whether this firm will stand valid as the NAME and the MAIN OBJECT of the firm will not change?
Anonymous
01 August 2012 at 14:37
Dear expert,
I have formed a private limited company in maharashtra. The main activity of the company is to provide management and financial consultancy to clients. Kindly advise as to do I need to register my company under the bombay shop and establishment act? If yes, what are the registration requirements. Please guide
Ajay
01 August 2012 at 12:01
Dear sir.
Few years back supreme court has given a judgement that Private bank money connot be consider as public money,can i get judgement copy.
Sandeep
31 July 2012 at 12:37
Hi, I am creating a website where i would have local retailers to sell their products through my website. I wanted to know about the legality of E-agreements? Also, would that be sufficient if i have the retailers accept the agreement online or do i need to have a physical agreement signed by the retailers....
Example: - EBAY does not have a physical agreement with people selling through its website. It is all an acceptance of agreement by clicking a checkbox.
Rohan Shetty
30 July 2012 at 22:22
Hi
My name is Rohan Shetty .
My query may be very amateur and vague.
I am a 25 year old lad born in 1986 , Bachelors in Engineering, with experience in various mentioned industries (Man power consultant : Telecommunication sales : Sales of financial products) and my knowledge is limited only upto the operations and functioning of a particular organisation , i. e i have sparse about legal liability and obligations associated . I have lately worked with a Man power consultant and have a team size of 30 employees reporting to me .
The consultancy is shutting down and this time my entire team has decided to start individual business of their own .That means 30 individual entities and each one of them wish to take the Sales distribution of the same telecom service provider . The entire cost involved in such a project involves 75000 Inr .Each one of them expect me to invest this 75000 Inr without the involvement of another individual.
I see the proposal of every individual fruit full as every individual may be working with the same telecom partner , but each one of the have a different set of client , I have to be a sleeping partner, i have full knowledge and expertise of the industry .
I have decided to start an entity of my own as
step 1 :- nature of business - funding ideas : (Proprietor ship Firm - operation from Residence)
step 2 :- Partner with all individuals separately (Sleeping partners with clause - Financial control ... i.e mandatory signing authority)
30 partnership firms with 1st partner entity (mentioned in step 1) and 2nd partner individual
I want to understand the legal point of view and obstacles. Also need a list of necessary licences and registrations requires. I do not wish to get involved in illegal activity unknowingly!
Please reply or contact on rohanshetty@india.com
Rohan Shetty
30 July 2012 at 22:19
Hi
My name is Rohan Shetty .
My query may be very amateur and vague.
I am a 25 year old lad born in 1986 , Bachelors in Engineering, with experience in various mentioned industries (Man power consultant : Telecommunication sales : Sales of financial products) and my knowledge is limited only upto the operations and functioning of a particular organisation , i. e i have sparse about legal liability and obligations associated . I have lately worked with a Man power consultant and have a team size of 30 employees reporting to me .
The consultancy is shutting down and this time my entire team has decided to start individual business of their own .That means 30 individual entities and each one of them wish to take the Sales distribution of the same telecom service provider . The entire cost involved in such a project involves 75000 Inr .Each one of them expect me to invest this 75000 Inr without the involvement of another individual.
I see the proposal of every individual fruit full as every individual may be working with the same telecom partner , but each one of the have a different set of client , I have to be a sleeping partner, i have full knowledge and expertise of the industry .
I have decided to start an entity of my own as
step 1 :- nature of business - funding ideas : (Proprietor ship Firm - operation from Residence)
step 2 :- Partner with all individuals separately (Sleeping partners with clause - Financial control ... i.e mandatory signing authority)
30 partnership firms with 1st partner entity (mentioned in step 1) and 2nd partner individual
I want to understand the legal point of view and obstacles. Also need a list of necessary licences and registrations requires. I do not wish to get involved in illegal activity unknowingly!
Please reply or contact on rohanshetty@india.com
PETERREXCHARLY
30 July 2012 at 11:06
Greetings!
My Client has taken a house property at Chennai through a SURFAESI Auction of a Nationalised Bank.
The original borrower has deposited in his title deeds in 2006 to this Bank.
Subsequently a entry of Rs.1 Lak mortgage was found in the EC in which the borrower has given power of Attorney to X and he has borrowed mortgaging this property.
In 2009,another entry is found in EC where the borrower (There is no entry for cancellation of the Power of Attorney executed in 2006) has sold this property to another Y.
My client has all the original deeds of the property as a suceesful bidder.
Now what is the remedy for my client to raise these entries in the EC? Which is the competent authority to file petition?
pooja dedhia
29 July 2012 at 21:07
what is the time duration ,when a private limited co. is registered under co. act 1956 and want to register it self as a micro,small and medium enterprises act?
for that a newly register Private ltd co. what to do?
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Is sub broker be liable for the loss incurred by the client in mcx or ncdex ?
My friend was a sub broker of a very well reputated company of MCX. But Last 6 months back his clients made a debit of 5 lacs in the accounts and unable to pay the loss. Now the company has sent my friend(sub broker) notice to pay the loss incurred by the client in a week.If he wont pay the debit in 7 days from the day of letter receieved he will be additionally charged 18 % per annum interest. My friend is saying that its the duty of the Company's Risk management to take care of the debits and credits. Now what to do??? Please suggest. . .