Anonymous
02 June 2011 at 17:10
A Bank has granted loan to a local authority. Bank has defaulted in repayment and ac has truned NPA. Some amount is payable by the Bank to that authority by way of a Tax. whether the Bank can exercise its right of set off and appropriate that amount payable as Tax against amount due from that Authority?
Mr. Amar Jain
02 June 2011 at 16:05
Hello Experts,
I am in need of your guidance on the following question:
If an overseas branch of the indian bank commits default in discharging its debts, then in our winding up petition, can we also demand that such bank also be closed?
Further, can we take indian bank's assets for discharging the debts of that overseas branch?
Any regulations / cases on the point?
Regards
Amar Jain.
Website: www.amarjain.com
Anonymous
02 June 2011 at 14:42
A PARTNER RETIRES BY EXECUTION OF RETIREMENT DEED IN 1990 BUT AFTER 20 YEARS HE IS CLAIMING HIS SHARE AND DISSOLVING THE FIRM . WHAT RIGHTS/PROCEDURE AND PROOFS HE HAS TO SUBMIT TO PROVE HE IS STILL A PARTNER BEFORE COURT AS HE HAS NOT SUBMITTED ANY ORIGINAL /CERTIFIED COPEIES TO SUSTANTIATE HIS CLAIM . JUST BECAUSE HIS NAME WAS THERE IN A PENDING CASE BEFOR A FORUM AND THE JUDJMENT CAME IN THE YEAR 2008 REGARDING THAT IMMOVABLE ASSET OF THE FIRM, HE IS TRYING TO TAKE ADVANTAGE OF THE SAME. WHAT REMIDIES CAN THE EXISTING PARTNERS TAKE TO NEGATE HIS CLAIM BEFORE THE COURT?
Anonymous
02 June 2011 at 11:21
Hello
AS per Partnership Act can a foreign national can become a partner of Indian citizen
kindly let me the eligibility to become the partner in indian firm
Anonymous
01 June 2011 at 22:33
Hi
I am new to this forum, seeking some information regarding the catering business.
I am planning to start the catering business in NCR (Noida)... what all legal or authority permissions required for starting the same.. kindly throw some light on food license and permission from local authorities.
Regards
AK
L R Sharma
01 June 2011 at 17:45
Dear Experts,
I need the guidance for criminal prosecution proceedings initiated against my client in a JMIC court by Central Excise deptt. Please suggest the rulings and precedents by High Courts/ Supreme court of India. Under what circumstances, the proceedings can be quashed?
Regards,
L R Sharma,Advocate
Manoj kumar sahu
31 May 2011 at 21:18
hello sir/friends
i wanted to know about the procedure to change the name of the pvt. ltd. company. and what r the requirements of the same please tell me in detail wht form one need to fill and other requirements.
and one more thing company also wanted to add INDIA in its brand name
i.e. sunflower pvt ltd. wanted to change there name as Sunflower India pvt. ltd.
so please tell me the details for the same
thanking you
Shubham Gupta
31 May 2011 at 20:30
Can anyone tell me what is the difference between the Tactit and imllied contract
Anonymous
31 May 2011 at 20:28
hello ! I HAVE TAKEN HOME LOAN FROM ICICI BANK AND DUE TO DEFAULT THE BANK HAS INITIATED ACTION AGAINST ME UNDER SECUTERISATION ACT i.e. 13/2 and 13/4.. AND NOW THE MATTER IS PENDING BEFORE THE DRT. I AHVE APPROCHED THE BANK FOR SETTLEMENTBUT ICICI BANK HAS GIVEN ME STATMENT IN WHICH THEY HAVE INFLATED THE STATMENT LIKE BELOW
ACCOUNT 1)
Principal 0/S : 834,091.00
Late Payment Penalty : 387,687.00
Cheque Bouncing charges and Other charges : 3,335.00
Interest for the month . 8,257.60
Prepayment charges @ 2.21% at 0/S Principal : 18,433.41
Pending Installment . 658,448.00
Refunds : 0.00
Total Amount Payable : 1,910,252.01
ACCOUNT 2)
Principal 0/S : 1,222,947.00
Late Payment Penalty : 832,245.00
Cheque Bouncing charges and Other charges : 1,551.00
Interest for the month . 12,433.60
Prepayment charges @ 2.21% at 0/S Principal : 27,027.13
Pending Installment . 1,394,416.00
Refunds : 0.00
Total Amount Payable : 3,490,619.73
I WANT TO SETTLE MY ACCOUNT AS MY FRIENDS AND RELATIVE ARE GOING TO HELP ME FOR THE SETTLEMENT.
PLEASE GUIDE ME HOW TO DO OTS AND GUIDE ME HOW TO GET CONCESSION IN LATE PAYMENT PENALTY AND PENDING FUTURE INSTALMENTS...
THE BANK PEOPLE AND THE LAWYERS ARE PLAYING HIDE AND SEEK GAME TO EXTRACT MONEY WITH OUT DOING THE OTS AND THEY ARE CLAIMING THAT THE OTS IS NOT POSSIBLE AS THE VALUE OF THE PROPERTY IS MORE THAN THAT OF LOAN AMMOUNT.
PL GUIDE ME AS EARLY AS POSSIBLE..
kind regards
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retirement deed
in continuation to my query t, The said partners have received there due share and have acknowledged the same in the retirement deed and have given all the powers to the continuing partners , the point i like to ask is retirement deed has to be registered or not , moreover can we enitiate any case for damages and what other remedies we have.