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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

n v sudhakar   15 September 2011 at 19:57

Section 274 (1) (g) of the companies act, 1956

Whether it is applicable to Private Limited Company?

Submission of declaration by one of the director under above clause -

1. is it the responsibility of director on his own to send the declaration? If so to whom he has to send, whether to the company or to the auditors of the company
or
2. the company has to send declaration form to the director to fill in and send.

What is the role of the Auditor in this particular clause. (There was a dispute going on among directors of one company. The auditors have commented like this in their audit report: " Mr ______ has not produced written representations as to whether or not the companies in which he is a director as on 31st March, 2010 had defaulted in terms of section 274 (1) (g) of the Companies Act, 1956. In the absence of this representation, we are unable to comment whether Mr _______ is disqualified from being appointed as director under clause (g) of sub section (1) of section 274 of the Companies Act, 1956. As far as other directors are concerned, on the basis of the written representations received from such directors, and taken on record by the board of directors of the company, we report that none of the remaining directors are disqualified from being appointed as a director in terms of clause (g) of sub section (1) of section 274 of the Companies Act, 1956.)

An early reply is requested.

Regards

N V Sudhakar

Sathyan Avinash   15 September 2011 at 16:28

Foreign shareholders and directors in a private company

I have hereby received a request for incorporating a private limited company with the facts being the following:

1. All the shareholders are foreigners.
2. All the Directors are foreigners.
3. But the Company wants to have place of registered office in India and carry on its operations in India.

Please guide me through this case.

Thank you in advance

Anonymous   15 September 2011 at 00:42

Financial burden

Dear experts,I am one of the business men in our town in the name of GANESH TRADERS.one of the business men done business in my name with surya traders with Ramesh which belongs to surya.The business man who had business due paid the entire due to Ramesh.Now surya filed a case againist me for recovery of some amount.Is it tenable? kindly give suitable advice in this regard.

Arvind Sharma   14 September 2011 at 18:08

Re: recruitment charges

Dear all,

I am running my own recruitment firm in Delhi. Have given my recruitment services to one of known event Management Company and one of my candidate joined the company on 6th June'11.

Now as per the agreed T&C on e-mail the company agreed to pay my service charges within 30 days time but as the time over they refuses to pay my charges saying that they will release the payment after 90 days instead of 30 days (clause of replacement for 90 days).

After 90 days when I contacted to HR they started giving excuse that Director is out of country and as he will return back will release my payment. I am getting this excuse from last 10 days.

Please let me know what should I do to get my payment.

regards,
Arvind

Anonymous   14 September 2011 at 12:21

Corporate

can the preference shareholders waive off their right to cumulative dividend??

Anonymous   14 September 2011 at 11:49

Corporate

will the cumulative dividend only be paid when there is profit in the Private limited company?

Anonymous   14 September 2011 at 10:39

Export incentive

Party A (manufacturer exporter) based in Mumbai has procured raw material from Party B based in SEZ, Karnataka.

Party B has paid customs duty incl. 4% SAD and has charged Party A.

Party A has processed these goods in their factory in Mumbai has exported these goods from JNPT.

Party B has given Gate Pass, TR6 Challan and Bill of Entry to Party A.


What kind of refund (Customs, SAD, Excise) refund can Party A in Mumbai claim?