sachin
03 May 2012 at 09:45
Dear Sir,
With a request to address my undermentioned queries:
1. Can a Company lease its property to an Individual.
2. Can the individual further give the said property on leave and license basis to another company.
3. If the property is situated in the State of Kerala, can the Leave and License Agreement be executed in the State of Maharashtra, where the Licensor resides.
Regards,
Sachin
Dr C Suresh
03 May 2012 at 09:31
Bank unilaterally changes without consent the loan agreement repayment schedule from 15 years to 10 years and doesnot communicate to borrower the change and subsequently declares borrower as defaulter using the changed repayment schedule. There is no clause in loan agreement permitting them to do such changes.
Does the agreement become null & void because of this illegal change? What protection does borrower get?
Atul Kumar Khare
02 May 2012 at 14:37
Please look at the following cases:
(1) A NBFC is not replying to my letter in which I requested them either to clarify the reason for rejection of my loan application or refund the processing fee. No reply from concerned department of theirs, and even from the Managing Director.
(2) The same NBFC violated the Code of Conduct it mentions proundly on its website.
(3) CIBIL allowed an other NBFC to change the label my closed loan account from 'Null' to 'Written off'.
In the above cases, the companies have violated the laws which are so basic that these may not be mentioned even in the law books.
Please advise me whether I can take these matters to company law board or any other statutory platform (other than consumer forum and RBI)?
Sameer Talha
02 May 2012 at 13:02
Dear Sir,
my Dad had given a token Amount of Rs. 1 Lakh to a Car dealer for Scorpoi Car as due to no Fund flow my Dad is unable to give balance money so the dealer is saying that he will not give the token amount return plz help me
sruti gupta
02 May 2012 at 10:29
Can any provide me checklist or details of all the legal compliance's required to establish a service center for electronic goods such as fans??
Vaishal Ghiya
01 May 2012 at 13:02
Sir!
I have a query in regard to summary suit and need an opinion in regard to the facts of our case:
1.) We are Transport service Provider and have provided services to a ‘Pvt. Ltd. Co.’ during 2004-2007.
2.) They have made a default in making the payment during 2007 and thus we have sue them in the court, and till date the suit stand in the process of hearing.
3.) We have all complete records of the services made together with the acknowledgement receipts. Finally they have accepted their liability but the Interest to be charged on the sum stands disputed (as we did not have a agreement in regard to the Interest to be charged in case of non-payment/delayed payment. However in the terms and conditions it is mentioned that payment to be made within 30 days)
I would like to know what Interest I am entitled to receive keeping in the above matters. Also, Whether I am eligible for 18.25% interest with monthly rest as mentioned for clean overdraft category in SBI’s advance rates?
I am also attaching
1. CPC 34
2. State Bank’s Advance Rates
3. RBI’s Notification to charge interest on monthly rest on advances -
4. Supreme Court judgments for the ready reference.
Yavanika Singh
28 April 2012 at 17:22
Dear Learned Members,
Kindly advise me on my query, i.e. A Socities is registered under the Socities Registration Act, 1860 in Uttar Pradesh, Can It starts its Educational Institution in The State of Maharastra?
If no, kindly advise how can it operate its Educational Institution in State other than Uttar Pradesh.
And What is the procedure for amending the Bylaws of the Society?
Thanks in anticipation.
Regards
CS Yavanika Sing
Anoop Kumar
28 April 2012 at 14:29
A company is taking a loan to buy a car from a finance company. The name of the company is ABY but in the registration certificate and pan card it is mentioned as ABI. Suppose it wants to buy the car in the name of ABY, what are the other documents it can provide as proof for this name. Or can we accept a declaration which says that both the entities ABY and ABI are one and same. Or do we need to amend the loan agreement accordingly?
sanjay soni
28 April 2012 at 13:25
IS IT POSSIBLE TO UPGRADE PRODUCT AFTER Automotive Research Association of India CERTIFICATION?
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Certificate from the bank towards recovery of the borrowers outstanding.
THIS IS THE CASE OF AN ACCOUNT WHICH WAS LABELED NPA BY THE BANK.
BANK HAS RECOVERED THE DUES BY AUCTIONING THE PROPERTY
CAN WE ASK THE BANK TO GIVE US A LETTER CONFIRMING RECEIPT OF SAID MONEY SO THE SAID AMOUNT CAN BE SHOWN IN THE BORROWERS CURRENT YEARS BALANCE SHEET AS PAID
THE AMOUNT RECOVERED BY THE BANK IS MORE THAN THE RESERVE PRICE.