kamala
25 November 2011 at 16:03
I want to know whether provision of sec 20 of the BR act would apply in following case. An indian national is appointed as a director of the holding company of a foregn bank which has branches in India. This person has availed loan from this bank in India
Anonymous
25 November 2011 at 15:58
Please some one clarify my question what all includes in "indirect interest" for disclosure under section 299 of Companies Act 1956
Anonymous
25 November 2011 at 15:29
We a pvt ltd company had borrowed funds from bank for a project the project failed to generate income after 12 months hence we failed to repay the bank.We had pledged 3rd party property to the bank now bank had sent the subject notice. We need alteast 12 months to repay the debt which the bank did not agree. Now please help and in which way I can save the 3rd party property or atleast stop the bank from taking urgent action as If I can drag for sometime than i will be able to pay the bank,pls advice.
Thanking you
Anonymous
25 November 2011 at 15:22
I want to know whether provision of sec 20 of the BR act would apply in following case.
An indian national is appointed as a director of the holding foregn bank which has branches in India. This person has availed loan from this bank in India. will sec20 (b) ii and iii will apply and the advance is prohibited
i request for an early reply
Anonymous
25 November 2011 at 11:43
Dear Member,
Would you mind guiding me about a matter where Mr. X purchased a Motor Cycle under hypothecation with Family Credit Ltd. Mr. X was paying his EMI on due dates. After paying 17 EMI his Motor Cycle has been theft and he lodge a complain to the nearest Police Station and intimate the same to the insurer company.
Now when he has no Motor Cycle with him so he wants to stop the ECS (EMI) with his bank, till any resolution comes from the Insurer Company.
What should Mr. X do where he approached to Family Credit through telephonic conversation and get to know that if he stop the ECS then every month bounce charges will be levied on his loan account.
Actually, I've already lodge the complain to the Police Station and informed the insurer but what to do now sir, please advised me.
P.C. Joshi
25 November 2011 at 01:28
Dear Friends,
Now a days we come to know that collecter of stamps in Delhi and other states are issuing notices to companies for default in payment of stamp duty in share certfcate on allotment of shares. Some of you must have come across thi sissue recently. I have some queries in this repect can any one please clarify.
1. WE PAY STAMP DUTY WHILE INCORPORATING A COMPANY AND ALSO WHILE INCREASING THE AUTHORISED CAPITAL. Then what else is the stamp duty payable on allotment.
2. If yes it is payable what is the rate and how the stamping is done i mean is it a self adhesive stamps or embossed on the share certifcate and the systems woks.
3.What is the option for the companies who have viloted this norm.
4. Suppose a company sou moto wants to comply with the stamp duty payment for past as well as future cases what should it do. WHich office in Delhi should be contacted.
5. I understand that in Haryana there is a stamp duty of Rs 10/- irrespective of quantum/amunt of shars capital issued. SO some company are showing the palce of allotment/board meeting in haryana is it valid.
6. In case any notice has been receibved what reply should be given at the first instance.
Looking forward to plenty of responses on this matter.
Thanks & Regards
P.C. Joshi
B.Com, ACS, LLB
Anonymous
24 November 2011 at 18:57
Dear Sir,
If we have a public charitable trust and
running an educational institution or hospital and it is profitable.
My questions are:
1) Who has the authority to change the bye laws of the trust? can they be changed from time to time? is it the chairman or trustess?
2) Can the income be used for some personal purposes?
3) If it is foreseen that the reason for which the trust is set up i.e. educational institution is not operating properly due
to unforeseen circumstances, can the properties be sold and are the proceeds
kept by the chairman/trustees?
4) Can you change the public charitable trust to a private charitable trust?
Would greatly appreciate your response.
Thanks and Best Regards.
Chintaka Perera
24 November 2011 at 13:44
Kindly let me know requirements and how to register a business in Goa by a Sri Lankan national who is already on Business Visa. i wish to know the contact details of Advocates who provide registration services as well.
Anonymous
24 November 2011 at 13:02
Dear Experts,
I intend to open an Law Firm dealing with the Drafting legal documents of various types and law. Once the company LLP is incorporated I would start, Please advise me as to how and what should be my steps to this achievement.
Thanks & Regards
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Br act
Applicability of sec 20 of the BR Act on holding companies of banks