Anonymous
02 April 2011 at 09:40
Respected Experts
I there any standard guideline to be follow by the bank/financial institution before declare the asset or account to be non performing under SARFAESI Act.
Anonymous
01 April 2011 at 21:09
DEAR SIR
I HAVE ALLOTED FOR A PETROL BUNK DEALERSHIP SUBJECT TO GIVE A SUITABLE PLACE ON LEASE FOR 15 YEARS AND A RENEWAL OF ANOTHER 15 YEARS.
MY LAND IS ACCEPTED BY THE COMPANY AND ALL THE NOC S OBTAINED FROM ALL THE COMPETENT AUTHORITIES TO ESTABLISH A PETROL BUNK.
NOW THE COMPANY INSISTING ORALLY FOR 30 YEAR AGREEMENT AND RENEWAL FOR THE SAME 30 YEAR PERIOD.
HOW DO I GET JUSTICE?.
THANKS
Pankaj
01 April 2011 at 17:29
Dear All,
If company issues a duplicate share certificate, whether stamp duty is payble in following cases:
1. When duplicate share certificate is issued in liu of:
a. Share certificate lost / misplaced
b. Sharecertificate measfisened / torned
c. Consolidated or sub-divided
Can you please guide on the stamp duty payable in state of Maharashtra?
One opinion received is that stamp duty payable only in case of lost share certificate and not in other cases as the origional share certificate (cancelled) is in the custody of company for atleast 3 years.
And whether maximum stamp duty payble on duplicate share certificate is ristricted to Rs. 100/-
Please guide me on above,
Thanking you all.....
Pankaj
01 April 2011 at 17:25
Dear All,
a company reduces its share capital by paying off Rs. 1/- per share to shareholders and there by Reducing the face value to Rs. 9/- per share from Rs. 10/- per share. (with high court approval)
The DD for the above are dispatched to all the shareholders.
However some of the shareholders do not claim the above amount and the same is remaining unpaid with the company under 'unclaimed scheme of arrangment'.
Now the question is if the amount remained in the unclaimed account should be transferred to IEPF account or which traetment sould be given after 7 years?
visha lranjan
31 March 2011 at 19:37
out of the three legal forms for a NGO/NPO i.e Trusts,Societies and Section 25 companies which one is the most ideal form with having best succession policy and terms ?
secondly, can a section 25 company/society can be formed with an express purpose of bridging the gap between governments's policy formulation and its implementation ??
please render your advise(s).
thanks and regards
Anonymous
31 March 2011 at 15:43
dear experts,
please educate me as to the liability of a director(other than managing director) under sarfaesi act for the debts due to bank by the company in which he is a director.This director did not give any guarantee for the debts.
does the fact that the director in question is an independent director make any difference?
k n singh
31 March 2011 at 11:05
Dear,
Good morning,
I wish to inform you that I have taken loan against property from karvy Finance in the month of Oct. 2010 for 20 years (240 months). Now within 6 months they are forcing me please sign another agreement for 15 years period (180). In this way they are trying to increase my monthly instalment amount. At present circumstances I am not able to increase my EMI. Please give me legal guidance what should I do now?
Thanks & best regards,
K n Singh
sujit kumar pradhan
30 March 2011 at 19:43
DEAR SIR,
I HAVE SEND MESSAGE REGARDING BANKING DISPUTE CASE ON 27/3/11 &29/3/11 TO SINDHIL KUMAR EXPERT . NO RESULT COMES IN MY E- MAIL . AM I WRONG IN SENDING MESSAGE. PL. CONFIRM.
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SARFAESI Act
Respected expert,
I take loan amount of Rs.30000/- for Micro Financial Institution.and since 3 months I am defaulting in depositing the interest.
Now my query is that the financial institution has power to take action against me as per the provisions of SARFAESI ACT.2002.???
i.e. what is the minimum loan amount that attract the provision of SARFAESI Act.