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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.

Member (Account Deleted)   25 May 2012 at 13:01

Board meeting


Can a board meeting be held with both video conferencing and physical presence of some directors? How attendances of directors are recorded where board meeting is held by video-conferencing only?

C.S.A.K.Maitra

Reetu Dwivedi   25 May 2012 at 11:02

Cumilative liability clause in an agreement

Dear Experts,

I want to understand- do we need a cumulative liability clause in an agreement if it is already having limitation of liability and insurance clauses.

Regards,
Surya

sruti gupta   24 May 2012 at 15:47

Constitution of committee of board

Dear All

Is there any provisions relating to the composition or constitution of Committees of Board? Who can be the member of the Committee? and can a person who is not the member of the Board become member of the committee.

Please reply urgently

sasankajyoti sharma   23 May 2012 at 11:11

Bank account

A woman whose husband is lying in comma at present in a Hospital is suffering from financial crisis.

Her said husband is an employee of a PSU and she along-with her other family members are dependent on him financially. Her said husband has an individual Savings Bank Account which is operated by him only in a Nationalised Bank at his place of residence. The monthly salary against his employment is directly deposited at his aforesaid Bank Account by the PSU.

Due to such condition of her husband she is suffering from financial crisis as she is not assisted by any person. She is unable to pay medical bills and medicine costs. She has a lot of hardship in following daily pursuits. If her husband had the aforesaid Bank Account a Joint one with her, then her financial condition would not have been worse today.

Now, the question is that whether there is any possibility of obtaining a Court Order on the basis of her Declaration as wife for converting the aforesaid individual Bank Account of her husband into a Joint one, so that the Bank authorities can act upon. Let me know where and how to file a Petition for Declaration.

Hiren Karamta   22 May 2012 at 18:35

Vat rules

i have petrol pump alloted by oil company.
in st catogery at silvassa dadra and nagar haveli. i applied for vat & cst registration
in this matter department said there is outstanding due big amount with party which running in past in same pump,so they told me first you clear the outstanding amount then we allot noc and give vat & cst no.
so i am confused what can i do. please help me if possible

Hiren Karamta   22 May 2012 at 18:32

Vat rules

i have petrol pump alloted by oil company.
in st catogery at silvassa dadra and nagar haveli. i applied for vat & cst registration
in this matter department said there is outstanding due big amount with party which running in past in same pump,so they told me first you clear the outstanding amount then we allot noc and give vat & cst no.
so i am confused what can i do. please help me if possible

santosh   22 May 2012 at 17:03

Can managing partner sell without permission

Hello Sir,

My name is santosh and we are into a joint business of 5 partners, one among us is managing partner.

Now some disputes raised between us and from last one year we r doing any business transaction in that firm, But on our all partners mutual concern we partners decided to register some of our assets to our personal name. But one main dispute not yet clarified and now our " MANAGAING PATNER OF THE FIRM SAYING THAT, HE HAD ALL RIGHTS TO SELL ALL THOSE PROPERTIES OF THE FIRM" with out the permission or concern of other partners.

Is it possible, if so what are the necessary steps we have to take to stop this.

Thanking you
Please guide me