Anonymous
01 October 2011 at 14:54
Whether it is a mandatory obligiation of the Life Insurance Corporation to send advance Premium due Notice/Intimation to the Policy-holders before the premium payment date ? If so, kindly indicate the relevant provision thereof.
Also, any decided case-law on this issue please be provided.
Shubhangi Patil
30 September 2011 at 06:40
A chairman of the listed company receives a notice from SEBI to appear for hearing. On receiving the notice the chairman immediately appoints his family solicitor to appear with him for the hearing.
The directors of the listed company have objected to both the chairman's upfront arrangement with his family solicitor and the chairman providing to lawyer the company documents for the purpose of the hearing.
In the given case,
1. Whether the objection of the directors is valid?
2. In the given circumstances will the lawyer able to obtain his retainer fees from the company?
3. Whether the chairman is at risk of potential liability for providing company documents to the lawyer?
Anonymous
30 September 2011 at 06:21
Whether a NBFC is required to have some trade lincence or some permission from the State Governemnts for running its operations even after getting due permission from RBI and for equity matters from SEBI.
Are there any local laws which are to be mandatorily complied with by such company while establishing its branch offices in different states.
Anonymous
30 September 2011 at 01:53
WHETHER PERSON AGED LESS THAN 18 CAN CONTRACT IN HIS NAME BY SIGNING AGREEMENT.AND WHETHER HE CAN BUY AND REGISTER PROPERTY IN HIS PERSONAL NAME.
Anonymous
30 September 2011 at 01:10
please treat this withdrawn
Anonymous
30 September 2011 at 00:28
Are individual Indian citizens allowed maintain a foreign currency savings bank account/current account or fixed deposit account in India or abroad to help them hedge the risk of depreciation in value of Indian Rupee?
Anonymous
28 September 2011 at 00:30
Thank you for timely responses, however please allow me to slightly add meat to the facts. In view of this I have had to repost this query. Please help and thank you in anticipation.
BK Investments and Alphabet Construction enter into a joint venture partnership to construct a dam. The joint venture opened 3 accounts at XYZ Bank. BK Investments had previous (before the partnership) facilities with XYZ Bank and had since defaulted in loan repayment.The Bank has now debited one of the joint venture accounts recover the amount owed by BK Investments.
1.Can BK Investments in its own name sue the Bank for reversal of the transaction?
2. If it can,can the bank successfully defend its action to set off?
Anonymous
27 September 2011 at 15:45
Same here dear. I purchased car tape speakers of a branded co. but now the speakers have started making noise and vibration within 4 months and warranty of 1 yr.
Anonymous
27 September 2011 at 15:41
As per consumer protection act, can we claim against a company or brand. e.g. AC purchased and didnot work well as per the gaurantee/waranty given.If yes what actions can be taken and what is the monetary fine.?
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Recourse on recovery notice by bank for a facility provided under cgtmse
Bank had sanctioned Bank guarantee of Rs 26.65 Lacs to sme by keeping margin of Rs 6.65 lacs in fixed deposit under cgtmse.The BG was invoked & Bank paid all the amount to beneficiary after recovery of margin money.For the balance amount Rs 20 lacs bank has issued recovery notice. Thr Sme unit has existing working finance secure under a collateral security. Can bank recover the dues by issuing notice under sarfesi act against assets which were not linked for the facility under cgtmse where no collateral or third party guarantee has been given.What is the recourse available for the sme in this case.