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koteswara rao jonnalagadda   30 May 2012 at 01:31

Adjusting total instalment payment as interest by icici-bank

TO,
ALL THE BANKING LAW EXPERTS.

RESPECTED SIR'S,

I HAVE TAKEN LOAN FROM ICICI-HYD A SUM OF RS13,50,000/-IN THE MONTH OF OCT-2008 BY HYPOTHICATING MY RESIDECIAL APARTMENT.

NOW MY AGE IS 56.
MY HEALTH IS NOT PERMITING TO CONTINUE THE LOAN DUE TO ILL HEALTH.UNDER THESE CERCUMASTANCES I COME TO A CONCLUSION TO SELL OFF THE SAME PROPERTY TO CLEAR THE BALANCE AMOUNT TO THE BANK.
I APPROACHED THE BANK LAST WEEK TO FIND OUT THE OUT STANDING.

TO MY SURPRISE THEY SAID THE BALANCE IS RS12,80,000/-, IT WAS A SHOCKING NEWS FOR ME AND IWAS BED WRIDEN BECAUSE TILL DATE I PAID RS7,80,000/-
IT SHOWS BANK IS ADJUSTING THE ENTIRE AMOUNT TOWARDS INTEREST.

MY LOAN SANCTIONED ON THE FOLLOWING TERMS.
PERIOD-15YEARS/180MONTHS.
INTEREST-16.25% EMI-RS19000/-
LOAN TYPE-RESIDENT INDIAN-HOME EQUITY LOAN.

KINDLY ADVISE ME HOWTO CLOSE THIS A/C BY MAKING PRINCIPAL AND INTEREST CORRECTION.THEY NEVER GIVEN ANY STATEMENT DURING THIS PERIOD OF 40 MONTHS OR THEY INDICATED ANY OUTSTANDING ETC.

Harmanpreet Singh   30 May 2012 at 00:38

How to register a company ?

Hello Sir / Madam ,

Compliments Of the day . I am a Software developer . I want to run my own company. but i have many questions in my mind that are given as follows
1) How to register a company ?
2) what are the basic requirements to register a company.
3) where to Go ?
4) how many employees are there in a starting company
5) what is the fees to register a company
6) Is is needed it show the place, where to start a new company or not ?
7) What are other requirements

please Give me answer as soon as possible . i will be thank full to you .
yours faithful

Harman Khurmi

JOTHIKUMARAN   29 May 2012 at 01:22

Diverting the legal post from the national bank

Dear Sir,

My Brother had taken a credit card from a national bank and paying the dues promptly without fail. Recently, he had received a post from the bank about the statement of his credit card due payments. Unfortunately, the company administration officer in his office has redirected the post back to the bank without his notice mentioning by his hand written that he is not working in the company.(My Brother had been working in the company for the past 2 years and he his in the senior management position - He is well known, hard working, sincere and friendly person in the office). Due to his growth in the organization, the secretary of the company is very jealous on him.

By gods grace he came to know this from his office collegue and he collected the post. If he had not received it, then the bank would have made my brother into legal problems.He would like to take legal action on his secretary for hiding & diverting the legal document.Please advise him about the process of filing a case or complaint on secretary.

Debashis Mandal   29 May 2012 at 00:46

Partnership

Respected Experts
How to admit a new partner into a partnersh? Is it making of sheet of amendment? again is the said sheet is to be registered under notary again? & if the deed is already registered under partnership act then is the same process is again to be followed or not? what will be the amount of stamp duty to amend in west bengal
Thanks
Debashis Mandal

Naga Harsha   28 May 2012 at 17:39

Ex-employee too database of my website...

Ex-Employee has taken the database of my website and is poaching my users.

Can i take against the ex-employee and have his website shut down?

PRAMOD KUMAR   27 May 2012 at 12:30

Nomination of bank sb and fd accounts

Dear Experts.
I would like to know whether it is possible to nominate 2 persons for a SB or FD Account?

Also what happens if the holder of SB or FD account dies without leaving a WILL, But has nominated only one son as nominee and the second son demands a share in the same.

Thanks

Pramod

zorrosmask   27 May 2012 at 06:59

My uncle

my uncle(mothers elder brother) has made a bank FD with him as primary holder and me (his nephew as joint holder1) and my father (as joint holder2) and my mother (his younger sister) as a nominee.He had not made any will during his lifetime.He also has a younger brother who has now requested the bank to withhold the fixed deposits and not give any monies to any of the joint holder or nominee.they say that the money should be equally distributed among the legal heirs (rather than among the joint holders and nominee). What i want to know from respected seniors is that who will ultimately get to enjoy the money?? the legal heirs or the joint holders??

Prashant Bhat   26 May 2012 at 17:23

Bank ex-parte seizing a saving account . .

if someone has a saving account in a bank with some amount therein.

the same bank has issued him a credit card, wherein he is a defaulter.

he has not given any lien in respect of the said credit card to the bank over his savings account.

the bank has ex-parte restrained him to withdraw his own funds from his saving account.

is this lawful for the bank?

- Prashant Bhat, Vashi, Navi Mumbai.
Tel. 9820099555.
e-Mail : prashantexpress@yahoo.com

Member (Account Deleted)   26 May 2012 at 12:27

Additional directors

In a Pvt. Ltd. Company , out of three part-time directors, two directors resigned on 30th Sept,2011.If the said Company holds a board meeting on 31st Dec.2011 and appoints two more directors,will it be valid? If yes, can the two additional directors names be shown in the Attendance Record of the meeting held on 31.12.2012 as directors or as special invitees.

C.A.A.K.Maitra

nksharma   26 May 2012 at 11:10

Properitorship

I want to set a properitorship co. for financial business It needs an affidevit by notary. But what is the subject matter for this which is to be written on the stamp paper for notarisation.