Anonymous
23 August 2011 at 12:38
What is 'Specific performance' and what is 'Specific Relief' within the meaning of Specific relief Act?
Alok Vashishth
23 August 2011 at 12:04
Hi,
My client has resigned as a director and shareholder from a Pvt Ltd company. During his tenure as a director in the company, he was a authorized signatory in the bank accounts of company, along with another director (who was managing director).
During his tenure, he realized that the other director is forging his signature on company cheques and mis-using the company funds for his personal use. My client then filed a compaint in both the bank and requested the bank to freeze the account. Both the accounts are frozen now.
Now, the other director is blackmailing my client that he is under the possession of company cheques (signed by my client), issued to suppliers/ associates. He is threatening that he will collude with the party to whom this cheque has been issued and file a cheque bounce case against my client.
Is my client still liable for the cheque bounce even the bank accounts has been frozen on the ground of misconduct by the managing director.
Thanks,
Sathyan Avinash
23 August 2011 at 11:01
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 .
Suchitra. S
23 August 2011 at 08:19
Respected experts, I wanted case laws on criminal liability of directors for the offences committed by them in their tenure while a suit is filed after their retirement. Thanks in advance.
Advocate.Amol Choubal
22 August 2011 at 21:53
Dear Experts,
We have registered a Public Company Limited by Guarantee under Companies Act,1956.
The Director of the Company wishes to convert the Guarantee Company into Section.25 companies under the Companies Act,1956
Kindly provide solution
Regards
Amol Choubal
Bhawani Mahapatra
22 August 2011 at 19:15
What is the path forward when the parties of an agreement differs from each other for appointment of an Arbitrator ?
Jee Education
22 August 2011 at 11:43
Ours is a trust registred in Mumbai and we are now engaged in a massive eye pledge campaign. We are likely to recieve donations from individuals in US, in us dollors. Is there any permission required to accept such donations? if so, what are they and who is the authority to issue permissions?
Thanks in advance
Jeevan
Sathyan Avinash
20 August 2011 at 13:03
sir, we have recently incorporated a company in the name of true value promoters successfully. Now we want to know whether any one can file a suit against us as the name resembles some companies. we have got the certificate of incorporation in this regard
Anonymous
20 August 2011 at 00:59
Hello,
i want to know about how to get a shroff business (like discount a third party cheque,take and accept money on interest) license and which dept. issuing authority in Surat,Gujarat State.
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Cheque bounce case
Dear sir,one of my friends has taken loan from me excuting a promissory note in favour of me and given a cheque .when i sent the cheque for collection through my bank it has returned with a memo stating THE ACCOUNT INOPERATIVE /DORMENT.Can i file a case u/s 138 of NI act?Kindly advice me in this regard.