Anonymous
23 June 2011 at 19:24
We are doing machinery spare business in Hyderabad.One of our customer who owes our company more than one Lakh rupees from the year 2007.We made numerous phone call for payment ,but whenever he picks up the phone he says he has made the payment and it is we who didnot take it into our accounts which is a false.Can we send him a legal notice ?
Since it is more then 5 years now,how can we recover the money.Please give advice.
Does the 3 years time limit for recovery becomes a limitation for my case.
Rohan Khandekar, MBA,CCA
23 June 2011 at 11:43
Dear Professionals
Kindly advise whether a Public Limited company be a guarantor for its employees who have taken loan from Bank.
Whether Directors of a company have such authority to create such liability of company.
Thanks
jayati
21 June 2011 at 21:51
1. whether multiple series/ multipal terms/ differential rate of preference shares can be issued?
2. the preference shares are issued on private placement basis. how far section 67, sub-section 3 of the companies act 1956 is applicable in our case as our company is registered as a non-banking finance company under section 45 1 (a) of the RBI Act 1934?
3. whether we can issue shares over the term by holding the money 'preference share application pending allotment a/c' and the same being repaid at the end of the term, without issuing shares? whether authorised capital in this case has to be increased?
4. whether we can raise money directly by way of public deposit or other modes of debt instruments?
Anonymous
21 June 2011 at 20:29
real estate business is one of growing business at present time but at many times it has been observed that real estate agents who have charged their fees and even consideration for home allotemtnt denies to do the same and in such situation aggrieved party files a civil suit for recovery .is there no law dealing specifically with real estate business matters ?
Anantha
21 June 2011 at 17:18
Dear All,
Very good everning.
May i get the reason why we use the phrase "Including but not limited to"? What it exactly means? Why we ought not to finish the sentence simply writing including?
Arun Jain
21 June 2011 at 12:26
Hi
Can u halp me plese for Rajasthan Tenancy act i required for business purpose
Regards
Arun
Anonymous
20 June 2011 at 15:15
Sir, My friend had got a new job for the position of Manager in a project management company. before he was drawing a salary of 1.25 Lakh per month. Since he was not comfortable in the previous company, he found a better job with little less salary.
Now he got a offer letter from a new company for the gross salary of 1 lakh. But the management had sent the taken home net salary is Rs.93,000. when he was asked about the tax deduction, the replied that the final take home salary is 79,000. he is really confused and need your eminent advises before accepting the offer.
Anonymous
20 June 2011 at 12:58
http://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=6336&Mode=0
From the above RBI notification I understand that a resident Indian cannot trade forex in any other country. From the notification I am not able to understand what will be the legal implications if someone has remitted money to some foreign broker and trading for a while. I assume any contravention of fema is a civil offence rather than criminal one. Please help to understand the implications. I appreciate the help.
THANGADURAI
20 June 2011 at 08:34
Sir, I am doing retail sale of house hold items. One of my friend introduced a person who is going to purchase a bulk order. One day my friend came with him and placed for a bulk order and issued 9 cheques with amounts filled by no dates. My friend said after a function in the purchaser's house after week and there afte I can take the cheques one by one. He asked me to get payment for a cheque initially after two days. The function was over and I asked for payment, He asked me to put a cheque for collection through my bank. The cheque was rejected of technical reasons that figure and words differ. He delayed for three days and passed another cheque which I collected directly from bank's branch nearby. after some time on my insistence he asked me to put another cheque for collection which was also rejected by his bank with the reason 'effects not cleared'. He then told me to go to the bank next day to collect amount and I also did with another cheque as I did not get back the rejected cheq. from my bank. Now more than a month is gone and he has not given his word to get payment from the bank. He is avoiding me to talk. I have not made a VAT bill for him so far. What is my right and position? Please explain in detail. Thank you very much in anticipation.
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import business
Dear sir
I am student of C.A(i.p.c.c).I am interesting for import business but many problem are face.I am import Lead and aluminum from nigeria.but i not know the tax on this item like custom duty,excise duty and vat on lead and aluminum product.i not found many answer but not found acctual tax on this items.