Asha
17 March 2012 at 11:10
Please find below query and if possible please give the solution.
A private limited company, having two directors Mr.A and Mr.B and those two directors are the subscribers of the memorandum of association. The company does not have any shareholders. As on date the directors designations are Mr.A Managing director and Mr.B director. The company has increased its capital but it has not allotted any shares and there are no shareholders in the company. As they both got some disputes and now Mr.A, Managing Director wants to remove Mr.B Director of the company.
Can any one give the solution.
Regards,
koteswara rao jonnalagadda
16 March 2012 at 23:40
to.
the expert lawyers,
namaskaramulu.
i am from hyderabad sir.i have two daughters and i took two different foreign edu loans in the year 2003 and 2005 respectively by giving two differrent properties.in 2003 loan there is interest difference i observed and requested banker to look in to the issue,but they said that is right,but once again i verified it looks that caliculation mistake is there.
i have given a letter to chek the interest
along with a cheque for rs 85000/-under protest since they said that it is going to be n.p.a.to aviod it i have paid in the month of june-2011.after encashing the cheque also banker was not responded.
subsequently i have written to the higher
management with a copy to the banking ambootsmen-rbi-hyd.
my appeal is two points.
1.wrong caliculation of interest.
2.my original sanction is interest on quarterly compounding with monthly rest,
where as they have compouded on monthly.
there is no intimation about this to us and when we asked they said they dont have the system of informing.
now they accepted the interest caliculation
mistake and reduced rs 37000/-and given the revised statement asking us to conform it.but where as refusing the second point state ing that that was the rbi guide line.
mean while the second loan was closed in nov 2011.we observed there is also imterest caliculation mistake is there.
they are not releasing second loan security documents and making a link of first loan.
while correspondence in the process bank issued a surface act notice for which we replied through drt advin nov2011.
kindly advise me what to do at this juncture.
anirudha
16 March 2012 at 19:46
Please explain if a term deposit a/c with the survivorship clause mandated by 'anyone or survivor' may be paid before maturity of the instrument if 1st a/c holder is deceased among three holders.The question is whether the survivor clause is only applicable during the tenure of the deposit or after maturity.If the fdr in question may be paid to the surving depositors without asking for legal heirs of one of the deceased.
Aniruddha Dutta --manager of a commercial bank.
ATI
14 March 2012 at 14:50
Hi Sir,
I had issued a contract to a seller in India to ship the consignment to a buyer in New York. I were acted as a trade intermediary in the contract. The seller accepted the contract and signed under Sellers column in contract, and I had signed under my company name. Now the buyer refused to accept the goods. The seller told me that he will hold me responsible for the losses incurred to him. I had also mentioned in the contract that Our company will not be resposible for any losses incurred to the buyer/seller as a consequence to this contract. Also we had mentioned the arbitration area as NEW YORK. Clause as : Any disputes will be settled in New york under arbitration laws. Please let me know the legal side of this.
Thanks in advance..
GLEN FERNANDES
13 March 2012 at 21:34
Dear sir, I am Mr. Glen, Age:36,from mumbai.In Jan 2010 I had made a agreement for 3 years with Mr. Arif a known person who is a professor by nature. He required to start a Tutorials and I paid him Rs 6,00,000/ (by cheque) for the same on condition that on a yearly basis he will give me 50 percent of the principle amount i.e. Rs 3,00,000/ yearly irrespective of his profits or even if it is shut down. And if he is unable to pay within the due date , then 24 percent of interest per annumn will also be applicable to him. Till date he is supposed to give me Rs 11,32,500 /(including the principle).And he has paid me only 2,00,000.(Rs 1,50,00 by cash and 50,000 by cheque).Along with the agreement he had given me 9 cheques with post dated and 50 percent yearly amount till 2013 and one additional blank cheque. Now he is harassing me and reluctant to pay me anything. He is saying I don’t have money even though his classes are running well. He says that I will give only your principle amount of Rs 6,00,000, for which I doubt he will give. .Even If I put the cheques and file a bounced complaint case, along with memo of bank to JMFC U/s-138 of NI Act , will I get my entire money with interest along with the principle. What is the process for filing a complaint?Approx How many days it will take for the hole process? After the end of 3 yrs will the agreement be valid ? Sir,I am in deep trouble, since it was my harden money which I had given to him. Please guide me with all legal aspects, what should I do.
Thanking you
Bhavik
13 March 2012 at 17:58
Hi Experts
Can anyone provide me the following resolutions:
1. Purchase of Property
2. Unsecured Loan from Directors
rajesh
13 March 2012 at 10:11
Kindly suggest if a listed company can file a De-merger application in the company court if there are civil suits pending in the court to the tune of a CR,wonder how court can allow such companies please comment
Amit Rajankar
12 March 2012 at 11:52
Dear Experts
I want to open nursery, KG school, I have get registered society for the same. But I need further guidence in this regards.
Q.1.From where I have to got permission to open the school?
Q.2. Any other process to follow.
Please guide me.
Regards
Amit.
kalyanasundaram m
10 March 2012 at 20:57
Sir
We have paid Rs 16.2 lakhs (90% of total)in December 2011 towards the delivery of Lift equipment. The company had promised to deliver the machinery by 15 Feb 2012 and complete the installation by March 2 week but they are yet to deliver the machine. We have paid the advance by availing bank loan at an interest of 14% pa.What are the remedies available to us for early delivery of the machinery and for the monetary loss because of the delay.
kalyan
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procedure for establish of sole proprietorship law firm
Dear All,
Please guide me in the below mentioned questions:-
1. What is the procedure for the establishment of Proprietorship legal firm in Mumbai?
2. Whether name of the firm should approve from any judicial authority or anyone or not? (Because similarity in the two firms if any)
3. Wether any registration is required for the proprietorship firm.