Navin Kumar Agarwal
08 February 2012 at 23:10
sir i was in a trading business since last 20 years due to some losses i have to close my business last year ,i used to get credit from my suppliers in my business .i have to pay a good amount to one of my supplier of good delivered in 2008 and now we are in 2012 .No legal action has been taken by them against me till now but money is outstanding in accounts ,i am in no position to pay as business is allready closed .CAN THEY DRAG ME TO COURT EVEN NOW OR THIS CASE IS TIME BARRED AS PER LIMITATION ACT
Dhruv
08 February 2012 at 16:18
Madam /Dear Sir,
As per the Master Circular on Foreign Investment in India (MasterCircular No. 15/2011-12, dtd 1-7-2011) issued by RBI, prior approval of the RBI is required for Transfer of Shares from NRI to NR [Para 8.B.II. (iv)] How can this approval be obtained? Is there a specific form in which an application is to be made or a letter is to be written?
Ritika singh
07 February 2012 at 17:19
a franchisee wants to open an electronics shop in India of a brand...the brand deals with a number of electronic products inc TV, ac , washing machine ...etc ....are their any rules, regulations , laws , quality standards that need to be adhered to ......and if the quality of 1 product is not good enough acc to reasonable standards can still rest of the products be imported oblivious of the bad one ...
Nitin Panchal
07 February 2012 at 10:57
Dear Sir,
Kindly provide us details whether claims of sales tax/VAT prevalis over claims of secured creditor i.e. bank. in Gujarat.
If possible pls.provide judgements of Supreme court or Gujarat High court.
Whether bank can go ahead with sale of mortgaged properties even though sales tax commissioner issued notice.
RENUGA DEVI
06 February 2012 at 20:36
Dear mam/Sir
Please provide me about the details about Alternate Dispute Resolution mechanism and Techniques and please any one tell me about the differences between
1) Arbitration, Mediation, conciliation and lok adalat
Dhruv
06 February 2012 at 15:45
Dear Sir / Madam,
What are the restrictions regarding an NRI opening a pvt ltd company in India?
An NRI has opened a pvt ltd co., with an Indian resident, the share of NRI being 99%?
What are the additional compliances need to be followed regarding an NRI being a majority shareholder and a director in an Indian company by the company or the NRI?
And suppose if NRI intends to sell his shares to an Indian resident, then what are the compliances need to be followed?
ASHWANI GAGNEJA
05 February 2012 at 18:59
I have received an Order from a Company. Terms are 40% advance and balance against delivery ( which will be made in 3/4 lots.
40% advance will be adjusted against each supply and will be totally adjusted in the last lot. But, the purchaser inspite of adjustment of total advance can press for the Bank Guarantee.
Will be grateful, if some leaned lawyer advises me to make an agreement with purchaser so that I am safe.
DEBASISH.M1
05 February 2012 at 12:26
Summary -:
1.The Non Banking Financial Company(NBFC) invoked SARFAESI_Clause13(2) on 21st March 2009 and issued notice (LOAN CLOSURE).
2.Issued a notice under SARFAESI_Clause13(4) on month of 15th September 2010 in line with notice dated 21st March 2009.
3.DRT has passed an Order "Stay on possession" and borrower complied with the amount to be paid.
4.The Company changed its name under Section 23(1) of Company Act on May 2011.
5.Again sent notice under SARFAESI_Clause13(2) with LOAN CLOSURE on 3rd February2012 with increase amount > earlier amount.
6.Suddenly The Company has withdrawan the notice SARFAESI_Clause13(2) dated 21st March 2009 in the same.
Question -:
1.Can the Creditor issue fresh notice SARFAESI_Clause13(2) when matter(stay on possession) is pending in DRT? ?
ritesh
05 February 2012 at 00:43
sir we are two partners in firm.
my ques is
1.is both partner can give power of autt orney to different person.
2.at a time, POA can be givento how many person.
3.is it possible to give POA to different person for differentt work.
4.sir should clause of POA be included in partnership deed..
5.sir i dont want to include cluaseof POA in partnerdeed but my partner want the same to be included.what legal drafing can be done in parnership deed that both are satisfied.
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Credit cards dues
Dear sir,
Ihave taken credit cards and loan against creditcard from icici, hdfc in 2005.i made regular payments till 2008. At that time my salary is only 10k, but based on my transactions in bank , they have given more than 1 lakh limit for each card.totaloutstanding nearly 15lacs by 2009january. in the year 2008 i lost nearly 30-35lakhs in share market in ICICIdirect.
now i am unemployed, residing in rented house, no properties. because of my loss my parents house is also sold. Banks people are hunting me.
pls advise what to do in my case
pls help
Thankyou
Radhakrishna