Anonymous
12 August 2011 at 09:13
the experience of a shareholder can be regarded as experience of a company.true or false?
Anonymous
11 August 2011 at 21:05
Dear All,
Last year I won a case against a manufacturer in the district forum. I filed an execution as it had become executable and post my filing execution the manufacturer filed an appeal with the State Forum together with a condonation of delay.
The condonation of delay had the following statements-
1) Received order on 25-1
2) Sent to HO for verification and approval
3) Sent to Counsel for preparation of papers
4) Received completed and signed papers on 29-2 which was dispatched the same date to BO for filing with the State Forum
5) Application filed on 15-3
My reservations, the application and condonation of delay is signed on 3-3 at HO (which includes the notarization). This implies that the signed documents were not sent to BO on 29-2 (as signatures happened post that).
They have not explained anything further.
My queries are -
1) The forum has currently condoned the delay and awarded me costs.
2) Can a revision petition be filed to hear the condonation of delay application again as there were misstatements on record?
Please guide me with a procedure.
Anonymous
11 August 2011 at 11:16
Sir, I have been in book trade for long,but recently (2 years ago) I suffered a major setback in business due to tremendous loss in share market. All my capital in book business were washed away and now i am in dire state and unable to pay my creditors due. The creditors had all this period has patiently waited for me to recover and pay their dues. But as i am left with no money or capital , I have been forced to close down my shop. (i have rented out our ancestral property to meet and support my family some how) .I have got a Cash credit loan of Rs. 4 lakhs from a nationalised bank apart from business outstanding of around 20 lakhs. Even if i sellbn/my shop i am not going to get more than 17 lakhs. in this context i am leaving in constant fear. What legal step can the bank or the business house take against me and should i do to save myself ?
Anonymous
11 August 2011 at 08:51
iam saving account holder of hdfc bank and they had debit my account by Rs.1643 due to low average quater balance(AQB).is there any law so that i can have a refund of my money
Aravindan
10 August 2011 at 12:48
Can a private limited company can issue redeemable preference shares to individuals or public. (can it be redeemed in 7 years).
To advertise in daily classified and issue preference shares is legal.
Please help, thanks.
Aravindan
Anonymous
09 August 2011 at 16:43
Dear Sirs
In the event of death of a partner in accordance with the continuity clause in the original deed a new deed prepared and submitted to the bank. But bank declined to release the amount standing credit as on the date of death in demand of legal heir ship certificate. Is the banks stand is correct in law
Anonymous
09 August 2011 at 09:57
there are 2 partnership firms firm A and firm B.firm A has 2 partner (Ram and Mohan) and firm B has 2 partners(Shyam and Sunder) in 1989 from firm A one parner Ram deceased. after his death a new parner ship deed was made introducing decease's elder son Sohan ( who is a minor at that time)as a new partner . later after few years sohan took retirement and joined company B. one partner Shyam form B company retired and joind A company in his place. in 2006 partner of firm A Mohan deceased . the parnership firm dissolved. Mohan had made a will that all my share in firm A belongs to Shyam .
now can the wife of deceased partner Ram claim for his husband share in firm A.
Anonymous
09 August 2011 at 05:23
what is the time validity of a solvency certificate obtained today in Tamil Nadu? For getting this certificate, payment in challan and other expenses exceeds 2000 per lak and time delay etc.
Anonymous
06 August 2011 at 22:24
I availed a loan of Rs. 9 Lakhs from NSIC under CGTMSE scheme. I have repaid around Rs. 2.5 Lakhs but, after that I could not do so as the unit became sick due to various reasons. The account became NPA and the NSIC took possession of Fixed Assets and other stocks. It was sold through Auction for about Rs. 1.2 Lakhs and that amount also got credited. Then there was an arbitration and the arbitration officer was none other than NSIC Manager. He passed an award to pay Rs. 14 Lakhs. Now they have filed an EP and in case of default they have asked for Arrest.
Is it correct as per law? Then, what is the guarantee? Is there any possibilities for an OTS?
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Association of persons- formation (urgent)
How to form a AOP. Is there any particular law which deals with AOP.And also assist me with AOP agreement and byelaws.AOP is required to be form for sale and purchase of tribal artisan's handicrafts.