C.V.S.Jetty
22 May 2012 at 14:23
A minor can open and operate SAvings Bank Account in a Bank. A minor can be a joint account holder in a term deposit with his father/mother as the guardian [m/g/f] and joint account holder.
Is is alright to open a running account [say Savings Bank account] where surplus funds over and above certain monetary limits, would be swept to form term deposits and as and when there is a requirement of funds, these term deposits would be prematurely closed and funds made available in the running account, where the minor and an adult or joint account holders ?
Is there is any legal hitch ? This is because there shall be issue of cheques, closure of deposits prematurely, account could be operated by a minor, etc.
Kindly clarify.
Bhumika
22 May 2012 at 13:44
Dear Sir,
Please answer me the query as stated under:-
While opening an import LC ,if an accepted Purchase order is submitted ,Is there a necessity to submit Proforma invoice as well? Or either of the both will do?
Please explain in detail.
Thanks in advance....
Regards
vaishali
22 May 2012 at 09:28
DEAR SIR,
LAST WEEK I HAVE APPROACH DOHA BANK IN QATAR TO MAKE TWO DEMAND DRAFT FAVOURING TO MHADA (MUMBAI HOUSING AND DEVELOPMENT BOARD, MUMBAI FOR I.RS.50,050/- AND 25,050/-. DOHA BANK ISSUED BOTH DEMAND DRAFT ON DRAWEE BANK UTI/AXIS BANK. NOW THEY ARE ASKING ME TO RETURN BACK THE ORIGINAL DEMAND DRAFTS AS DOHA BANK IS NOT AUTHORISED TO MAKE ANY THING CORRESPONIDNG TO UTI/AXIS BANK, THERE IS NO TIE-UP BETWEEN THESE TWO BANKS.
NOW, BECAUSE OF THIS PROBLEM AXIS BANK HAVE REJECTED THE ABOVE TWO DD'S AND MAY BE MY APPLICATION TO MHADA LOTTERY ALSO WILL GET REJECTED.
WITH-OUT ANY RESASON I HAVE LOST THE OPPORTUNITY TO GET HOUSE IN LOWEST PRICE AS WELL AS I HAVE SPENT MONEY ON INTERNATIONAL CALLS (FROM QATAR TO INDIA) AND TROUBLED MY OLD FATHER TO FOLLOW-UP WITH THE BANK.
IN THIS CASE HOW CAN I GET COMPONSATION FROM DOHA BANK FOR ISSUING WRONG DD'S AND ALL THOSE PAIN CAUSED TO ME?
PLEASE ADVISE.......
REGARDS,
Ravi Mittal
21 May 2012 at 17:05
A company named Avenues India Pvt. Ltd. (also popularly known as CCAvenues) offers Internet Payment Gateway services in co-ordination with banks to E-commerce sites where-in these E-commerce companies can accept Credit Cards / Debit Cards on their website.
I approached this company a few months back seeking internet payment gateway for my website. However, I was denied service from this company saying 'The bankers are not approving your website'. While, they have provided their gateway to my competitor who is working with them from 7 years in the same business model.
When I asked them why I was denied the service while allowing my competitor, they had no answer to my question.
Can I file a complaint against them under any monopolistic trade practice or with the Competition Commission of India?
Fyi: Avenues India Pvt. Ltd. is the market leader in this field and is more or less monopolistic in the internet payment gateways business.
I would be glad to know what are the options available under Indian law to get justice where my competitor is using a service crucial to my business and I am denied the same.
AAK
21 May 2012 at 15:24
Dear Experts pls suggest..
My client want to invest a sum of Rs.20 lacs by purchasing stake of 26% in a "A" company.
whether my client can make an agreement with "A" company that he does not want any share in the profit, but the said sum of 20 lacs should be treated as deposit and returned to him after 2 years.
Anant Kadam
21 May 2012 at 10:38
Hello Sir/Madam,
I am a small dealer for packaged drinking water, I am doing business independently. as I am dealer I have to keep my profit of margin to run business, but from last one year I am facing big problems from manufactures (compilation). they are supplying the products direct to customers, and giving under quoat. its affect me and I am loosing my valuable business. I cant do anything as manufacturers are giving more discounts. now I am in very bad condition.
Please advice me what to do ? is any law applicable to stop the manufacture to direct supplies?
Anand
20 May 2012 at 23:43
I lent a sum of money to a person who is a partner in a partnership firm. The money was confirmed by another managing partner. If I file a recovery suit, should I name the partner individually or both partners (or the partnership firm as an entity)?
So far, they are refusing to return my money. Can I file an attachment suit on any property?
Rakesh Bajaj
20 May 2012 at 19:52
I had sent a C Form(obtained by Sales Tax Authorities on 18-2-10)) to a company based in Kolkata for 4tr Quarter 2009-10.
The said C Form has been rejected by their asessment authority on the ground that we(purchaser) should obtain the C Forms only after the completion of the quarter, i.e. we should have obtained the C Form on or after 1-4-10.We had recd 250 C Forms on that date, which we are still using it.
Please confirm is there is any Rule that the purchaser should obtain the C Forms every time after the corresponding quarter is over.
Thanks & Regards,
Rakesh Bajaj
rakeshbajaj80@yahoo.com
Usman
20 May 2012 at 02:00
i hve just started a franchisee under a well known company. to introduce myself i emailed all other fellow franchisee holder. which troubled a few in the business.
now one of them is claiming because of my email (which states i will provide better and hassle free service)his mother got sick and is asking for me to pay him sum of 5 lakhs as compensation charge.
i have cross checked the firm is under his name not his mother.
is this even possible am i to be blamed for it?
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Online shoping
On being spotted an ad in the net, I ordered for a product (android tablet) online at ShopBigadda.com on 29/3/2012. I paid 100% advance for the product on the same day through Netbanking against which I have received the acknowledgement by mail from them. But in spite of series of my correspondences made with them through telephonic contact and e-mail, product has not delivered to me. Each time I am hearing lame excuses from the Customer Care like product is being shipped, product returned back finding no addressee, product got damaged in the transit, product is out of stock, etc. etc. Now, almost two months have elapsed, neither I am getting the product nor getting the refund of my money.
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