M.RAMESH.NAIK
06 November 2011 at 08:23
as per law in BIFR CASES:
1. WHAT IS MAXIMUM NUMBER OF YEARS THAT A STATE GOVT COMPANY CAN BE UNDER BIFR STATUS even though it is functioning normally without closure..
2. WHAT IS MAXIMUM FUNDING A STATE GOVT COMPANY CAN RECEIVE UNDER BIFR STATUS.
2.IF COMPANY IS RECEIVING CRORES OF RUPEES FROM STATE GOVT and functioning normally CAN BANKS APPROOVE OTS scheme allowing reduction in payment of interest and principal dues.
Anonymous
05 November 2011 at 17:26
We had applied under cgtmse to nationalized bank the bank approved the loan and under scheme sanctioned a T.L -12 Lac and W.C- 5 Lac . Now a year and 4 mths have passed one of my partner is missing or absconding (out of Three). About 5 Lacs and the complete Sales is with him. As we got in touch with his relatives they said he was seen in his native place and even one of his friend had met him. ( he does not have a family i.e wife or children has a estranged brother and relatives) Now we are short of funds don’t have the market for the end product. So, how do we conclude this issue w.r.t bank and the missing person. Please give us a soln or a person who could resolve this situation.
location -- Mumbai
my email id--- manjhesrp@gmail.com
Anonymous
05 November 2011 at 06:49
When a forged cheque is encashed on presentation to a bank, what is the liability of bank.
Anonymous
04 November 2011 at 16:24
Whether a pvt.ltd company can accept deposits from public.
If not, can they accept loans.
can they pay interest on such loans.
TDS application etc.
Hetalkumar
04 November 2011 at 14:00
Please let me know, if the banker received a cheque from it's account holder for clearing purpose, in which name of other person as payee is written, but the same appearas simple cross and bearer. Can Banker process it for clearing purpose and send it to the drawer's bank for it's clearing and get credit of it in to the saving account holder with it ? Suppose A has deposited cheque with X Bank where in he maintained saaving account. Cheque drawn in favour of Y issued by B. Cheque is simple cross and also bearer. Can X Bank give deposit/ clearance in favour of A, in his account, amount of cheque. If the cheque is deposited with wrong intention, is there any liability as collecting banker ? Please advise with some relavent decision on same line. Thank you.
Dr C Suresh
03 November 2011 at 21:10
The original application filed by the Bank is lost in DRT. The Bank is not filing another original with DRT even after asked by Registrar. The trial is over and judgment in favor of bank given by PO. However defendants have filed appeal in DRAT and stay obtained. Because lot of fraud is suspected the defendent requested for certified copies of original application and statement of account. The registrar now says that the original application is missing from the DRT for a long time and that the Bank is not filing another original.
As defendant what are my options now?
Ankitaaaaa
03 November 2011 at 19:27
Dear Friends/ Seniors,
I am new to this site, hence start with giing regards to all learned and experts of subject.
I have a small query, need to understand the risk involved in dealing with a partner ship firm which is not regiseterd.
Further, in absence of registration can the third party enforce claims and make the firms or partnes liable.
REgards,
Ankita
panchajanya borthakur
03 November 2011 at 12:12
Hi Friends!!Our company wants to enter into a Barter Agreement.As per the Agreement the other party will provide us some services worth Rs. 1 lakh and instead of money we will give them our manufacturing materials of Rs. 1 lakh. Kindly let us know whether these types of Agreements are valid under Indian law if yes these transections will be covered under which Indian law??
prasanta kumar parida
03 November 2011 at 09:41
URGENTLY I NEED A SUPREME COURT RULING IN PERMITTING PARALLEL PROCEEDING UNDER SRFAESIACT & RECOVERY OF DEBTS DUE TO BANKS & FI ACT.
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Cenvat - devaluation of inventory
What happens if inventory exists physically in terms of quantities but valuation thereof reduced ? Dowe still have to reverse the CENVAT Credit availed?
Similarly,if the inputs are used in manufacturing and goods exported either without payment of duty or for which rebate claims are filed,what happens to the CENVAT Credit availed?