Kvijay12345
26 August 2011 at 18:31
Is furnishing the loan details alongwith the copies of the signed loan relevent documents including the copy of the signed loan agreement to the customers, after the sanction of the loan, mandatory to the banks and the commercial non banking finance companies ? what is the law for this? If it is mandatory to the banks and non banking finance companies to provide all the information of the loan alongwith the copies of the loan relevant documents to the customers, what is the maximum time period in which these copies should be furnished to the consumers? If any bank fails to furnish the details of the loan alongwith the copies of the relevant documents despite of several requisitions by the customer, what action and under what sections, can be taken against such bank? are those loan documents including the loan agreement signed by the customer without any detailed information on the loan, considered valid if such an incident happens.
Sathyan Avinash
26 August 2011 at 15:22
Sir, I am in need of a inter se agreement between a bank and a company . So kindly anyone who has a format of it please attach a copy. I thank you in anticipation.
Anonymous
26 August 2011 at 12:26
What is the minimum gap, maximum gap between two consecutive Annual General Meetings of a private limited company and what ias the time limit from financial year end for holding AGM?
sanjay gupta
25 August 2011 at 17:04
pl. advise whether giving the letter of joining given by the employee is sufficient to form a binding contract in reply to an offer of appointment or a formal letter of appointment is necessary to form a contract.
mousamibala
25 August 2011 at 15:23
can anyone give me updated equity listing agreement.thanks.
mousamibala
24 August 2011 at 21:01
can anyone give me notes on accounting policies for esos. also on schedule II
sanjeev kaushik
24 August 2011 at 19:43
Dear Sir/Madam
I have a Ltd Company.I have approached the Privat lender ( registered Under private money lender act).As per yheir query before disbursement they want a NOC from ROC as our company NOC is lenghty process what is the alternate way out so that I can get my loan disbursed. Private lender is a Proprietoshi frim.
Pl. suggest.
Reagrds
Sanjeev Kaushik
Sathyan Avinash
24 August 2011 at 17:21
Dear sir,
the following is an extract from the articles of association of a public limited company with share capital less than Rs. 5 crores:
9.The first and permanent directors of the Company are:
a)Mr.X
b)Mr.Y
c)Mr.Z
Mr.X is elected as the managing director and will hold office for a period of 5 years.
Now we have received a request from the company to alter the AOA so as to make the Managing director's appointment valid for one year till the first AGM and make him eligible for re-appointment at the first AGM. In this regard we already know that first directors in the AOA cannot be altered, but we need clarification about the subsequent point's alteration relating to MD's appointment.
A quick and accurate reply would help us a lot .
Anonymous
24 August 2011 at 16:57
I have taken business loan from nationalised bank against my house now my business has gone down.How can I save the house from sarfarasi act, as if bank go to court it will take time and meanwhile I can arrange funds in 2/3 years, under sarferasi act only 90 days are given please help with ways to delay or stop bank from sarfarasi act.
Thanking you all.
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Banking
I had availed home loan from citibank and Icici bank in feb.2008, and continued to pay the EMI till Jan.2009, untilI I received the copy of the loan agreement from both the the banks.I was shocked to notice that both the abovesaid banks have forged the loan agreement. While Citibank did not disburse the full and final sanctined loan amount which was also the value of the loan agreement without giving me any reasons for the non disbursement of the full loan and notarized the power of attorney inside the agreement in my absence for the complete loan agreement value which was never disbursed. After giving the prior intimation to Citibank, due to non disbursement of full and final loan amount of loan and the subsequently forged loan documents, I stopped the EMI on loan from citibank.
In case of Icici bank, they forged my signatures on the loan agreement and made the changes in the agreement to their convenience in my absence. I got these documents examined from forensic document examiner,where it was proved that those signatures on loan agreement were indeed forged. Hence,I sent the copy of this report to the bank and & sent legal notices to both the banks and revoked, rescinded &cancelled the power of attorney alongwith all the rights regarding property. But the banks did not give any reply to my notice to revoke and cancel the rights although before this, both the banks had sent notice under SARFAESI Act one year ago which was immediately replied by me.In the view of above, as both the loan agreements have become invalid & illegal & therefore stand cancelled in the absence of the valid loan agreement how can the banks connect the loan to the properties? I have demanded for the compensation from both the banks for breach of trust, cheating & mental torture. However , I have shown my readiness towards the repayment of the balance principle of the disbursed loan amount after the amicable & thorough settlement of the dispute.Can the loan be considered as personal loan and the original property documents which are lying in the custody of the banks illegally in the absence of the valid loan agreement and valid mortgage deed be demanded from the bank as in the absence of the valid loan agreement and valid mortgage deed there is no source for the bank to connect the loan with the property. If the banks do not return the documents until the repayment of the loan, what legal remedies can be adopted to get back the original property documents from the bank?