Anonymous
09 January 2012 at 22:55
can the indian courts refuse to exercise its jurisdiction in a particular matter even if it exists as a matter of law?
Anonymous
09 January 2012 at 16:34
dear sir/madam
1) please let me know what is the difference b/w government company and public limited company ?
2) if a public LTD company is a subsidiary (commercial wing) of a Govt department(PSU) and its pay salaries to its Employees from its own profit. would the salaries etc being paid to its employees be considered as out of Public Finance/Fund or otherwise?
3) earning and expenditure of public ltd company (subsidiary of a Govt department(PSU) are part of govt exchequre?
C Senthil Kumar
09 January 2012 at 10:03
I am running a Proprietorship firm. Planning to raise capital by issuing Bonds to the known people and companies.
For this kind of Bond, am I required to get permission from any authority like RBI or SEBI.
My issue is anyway I am going to rasie the capital in this route only (Bond private placement). what I am planing is to give Bank Guarantee to the people who is lendng to me. Say 50% of principle amount.
I had meeting with the Regional Manager of the Bank for the Bank Guarantee part. He raised two issues
1. about the Bond (is any requirement to obtain perior permission from RBI). according to my Knowledge there is no such requirement. that is why I am asking for some clarification with some solid evidence. As of now I can change the Terms and Conditions.
2. Bank Guarantee Text. This one resolved
Please reslove my quary.
Regards
Sanjib Roy
08 January 2012 at 21:55
What is the law for product booking???
An example
An unique scheme to buy product by monthly recurring payment and enjoy bonus at the time of purchase / redemption.
Monthly Payment: 300
Total Payment: 3600
Product Value: 3900
What Law for this case?
ajay sethi
07 January 2012 at 22:51
1)elections were held for managing committee of association .
2)secretary was elected . on account of compalints of rigging in elections elected secretary was suspended .
3) show cause notice issued and after inquiry complaint of rigging was confirmed .
4)report of inquiry officr was forwarded to suspended secretary and reply sought . since no reply received and since evidence of rigging found managing committee declared defeated candidate elected as he had in fact polled more votes .
5) suit filed by ex secretary in court . however since he had not sought any declaratory reliefs application for injunction refused restraining the association from apponitng defeated candidate as secretary .
6) since no injunction was granted ex secretary made an application for amendment of plaint . application allowed .
7) the ex secreatry has taken out another application after emendemnt of plaint seeking an injunction restraining assocaition from appaonting defeated canduidate as secretary .
the query is
whether an indential application can be taken out by ex secretary for same reliefs when earlier application was rejected in same suit ?
whether principle of resjudicata would be applicable ?
Anonymous
07 January 2012 at 13:18
my friend want to apply merchant import export license for ready made garments and some vegetable such as onion potato etc. so i would like to know from where i seek application for this license and what this fees and other formalities please give me favorable recommendation..............thank you
MARIMUTHU P
06 January 2012 at 20:44
Dear Brothers,
Please clarify:
A bank is claiming from a client that an amount of loan was credited in to his account and there is some debits also from that account towards the instalments, as claimed by the Bank. But the client is confirming that he has not executed any document like pronote, agreement and any cheque or ECS authority given to the Bank.
In this issue how can the client's right be protected?
MARIMUTHU.P
New Delhi
Anonymous
06 January 2012 at 01:34
loan of Rs.200000 taken from bank for 5 year and paying EMI Rs.7227 monthly i have been paid the some of Rs.187000 and how much amt of balance we have to paid........how the interest and principle amt is calculate when there is a cut interest i.e. WDV int. pls show the calculation.
Anonymous
05 January 2012 at 18:46
Car loan was availed in April2008, from Mahindra financial services(MFS).The borrower did not even get the sanction letter containing the loan details.As borrower`s signature were obtained on various blank documents by MFS,the borrower demanded for the copies of those documents. after lots of follow ups to MFS for the copies of Loan documents & copy of Loan agreement, finally when after two years from the date of sanction of the loan the borrower got the copy of the loan agreement in may 2010, the borrower observed many doubtful things such as; the power of attorney was not notarised,rate of interest was not mentioned anywhere,many blank spaces still left in the agreement, different tenure (60months instead of 48 months as promised at the time of processing), no breakup of the initial down payment made to MFS, the unknown guarantor was added; even though no guarantor was provided ever by the borrower at the time of processing the loan. After getting the copies of the loan agreement , the borrower came to know about such misdeeds by MFS & As MFS did not furnish the details & the copies of the loan relevent document earlier, the borrower after giving the 3 notices to MFS, stopped the EMI on the said loan since June 2010. MFS called the borrower for arbitration proceedings where after observing such misdeeds by MFS; MFS was told to settle the matter amicably by arbitrator. Since then nothing has happened. Is it mandatory for the Non banking finance companies like MFS to furnish the details of loan and the copies of the loan documents to the borrower?What is the time limit for that?what action can be taken against MFS in this matter? Where to complain against MFS in his mater?
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Contracts
can a company A terminate the contract with another before the actual date of supply,on the account of non-delivery of goods, if it knows that the other company would fail to supply the goods on the specified dates?