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Anonymous   20 September 2011 at 12:11

Appointment of director

We have Two directors in our company out of which one has suddenly resigned. Company is not in a position to appoint another director for atleast 3 months due to certain circumstances. Kindly advise on matter. Within what time limit do we to appoint another director.

Please advise

Yusuf   20 September 2011 at 10:33

C-form

We manufacture Toys. And Toys are exempted vide notification No. 8/2003 Dt. 1-3-2003.
Please let me know the law which state that C-Form should be issued to those companes which are exempted from the sales tax.

GOPINAATH   19 September 2011 at 19:52

Pmry - bank loan

Sir,

1. In 1999 i have availed term loan from CENTRAL BANK OF INDIA for 75,000/- under self employment scheme for PRE-PRESS UNIT. Repayed it on 2002.

2. In 2003 - PMRY loan for 1,75,000 was sanctioned by the same bank for establishing OFFSET PRINTING machinery. My fathers propery (a vaccant site 2400 sq.ft) valued by FIV for 200/ per sft. was attached and my father (VRS staff from State Bank of India) was guarantor.
The loan period was 7years 2003 - 2010
a. The loan slipped to NPA by 2004. for 1,56,000/-
b. The Bank did not seize my offset machinery.
c. The bank did not sue me.
d. The bank auctioned my fathers property (guarantor) to a throw away price. (1,55,000) at 2005 itself. Bank sent me sale notice. Sold it below my NPA.
c. Buyer was solo - no competion. he gotit easily.
d. My father in this grief died.

After 7 years bank issues me notice that there is a arrears of 14000/- and special OTS offer for 7000. What should I do now. The sold property's then value was 250/- per Sft. Present value is 2000/- per Sft.

Is bank wrong - in Issuing me PMRY loan after giving me Self Employment loan - Pledging a vaccant site - Asking gurantor for issuing PMRY loan. (have they followed all RBI guidelines)

Is there any chance to get my fathers propery back. I am ready to repay the NPA amount also.

Anonymous   19 September 2011 at 11:15

Stamp duty

Sir,

In Pvt Ltd company, If the share transfer form is duly executed with share certificate for transfer and also the stamp duty is paid according 25paise but the seal of company's register office is wrong then can this share transfer be cancelled?

I mean to say register office when transfer of share has been shown was Vadodara and later after three months it had been changed to Ahmedabad, then the seal of company on transfer form with stamp duty should be of vadodara and not of ahmedabad. then this transfer can be cancelled because no form-7c has been applied for late transfer.


Please reply,

Anonymous   18 September 2011 at 19:34

Form 16a

My boss deposite my TDS and now not giving my form 16a. So how i can know my "HRA, and other banefits", because i need to submit my return of current year.

Please help me asap.

Anonymous   17 September 2011 at 23:34

Share

Sir,

If private limited company has allotted shares on 26-11-2002, and share certificate has been given 1-10-2007's date and the same share has been sold out by the transferor to transferee on the same day that is 1-10-2007 and the share transfer form's office use menu's 3 formalities (1) checked by, (2) signature tallied by, (3) entered in register of transfer no. have not been done(all are blank) only the date has been written on 20-9-2007's share transfer form date has been written 1-10-2007, but the sign on share certificate and share transfer form has been done by transferor then this is counted as valid share transfer to the transferee?

Please reply,

Avinash Soni   17 September 2011 at 15:35

Agm

i have a case, and i need your help........... the case is a public company is banned to hold AGM since year 2005 by the CLB due to some Disputed matters and this year this ban has been removed by the CLB, now Company want to adopt its annual Account for the past years....... now my Questions are as follows
;-

1. Can they adopt all the Accounts (2005 to 2010)in one AGM?
2. can they hold AGM in this Year for previous years since 2005?
3. if yes, than procedure for the same ?
4. what will be the Positions of Directors who are eligible retiring by rotations?

plz tell me its urgent

Anonymous   17 September 2011 at 10:04

Recovery suit in drt

Bank has filed recovery case against us in DRT. The bank has attached bank statement with its application. As per the bank statement the outstanding due against us is 0 (zero). We have taken certified copies of this from DRT.
What is the implication of this?
Is this not an ADMISSION on part of the bank under section 17 of Indian Evidence Act, 1872?
At what stage we should point out this because if we point out this at WS stage the bank may seek permission to submit new statement.

Anonymous   16 September 2011 at 16:07

Marriage bureau

Dear Professionals,

I am planning to start my own marriage bureau ( match making Firm )at Mumbai but I am not aware about the registration procedure like where to register,whom to approach & whats the procedure.

Need your help on this.

Anonymous   16 September 2011 at 08:54

Cheque and promissory note

Sir,
Though i know the difference between the a cheque and promissory note, may u please provide me a case law which points to the distinction? Any supreme court/high court judgement with citation. Please Thanks in anticipation. Regards