Dear Sir,
I would like to know the procedure to be followed by a Company who wants to create mortgage on its properties i.e. project assets situated in the state outside India to secure loan granted by a Bank in India.
Clarifications:-
Lender:- belongs and hold office in India
Borrower:- belongs and registered in India
Project:- Project of Borrower is situate at Outside India
Please submit your views.
Thanks in advance.
Anonymous
27 August 2010 at 17:14
Sir,
To execute a Contract a power of attorney was issued by the contractor in favour of a employee to sign ,verify and execute the contract.
The question is the employer is raising objection about the power of attorney that it has been issued on a date which preceedes the day on which it is notarised.so the power of attorney is not valid.
what defense can we take to satisfy them that this is a valid document.
regards
Dear Sir,
My client is doing money lendig business presently on a small scale but however he wants to expand his business & wants to get right to sue or to file any suit against him as pacca businessman. can he get such licence? if yes, under what act ?& from which authority. Please throw some light on the subject.
Thanks in advance.
Dear Professional Colleagues,
I want to know about the share transfer process, if only part of the shares are transferred to the transferee and the rest of the shares are held by the transferor. Also note that the date of endorsement by the statutory authority is more than 12 months i.e. ROC endorsement date 01/04/2009 and form delivered to the company on 25/08/2010.
avirup banerjee
25 August 2010 at 22:49
Hi
I want to know the procedure to take membership of NSE and the requirements to do so.I also get to hear that brokers can not trade on their own account??so can I not trade if I am a memeber of NSE?
Could you please tell me the stamp duty we need to pay on share transfer form??
Ronald
24 August 2010 at 20:21
Dear All,
Most of the banks have as a part of their loan or credit facilities sanction letter or agreement that "the customer has to take consent in writing from the exisiting banker for availing loans or entering into borrowing agreement with other banks or financial institutions"
1) Is this valid as it amounts to Monopolistic trade practice?
2) Is there any law which prohibits other banks/ financial insitution from funding the customer overlooking the exisiting bankers sanction letter?
sir can you please give me a format of revocation of GPA.. which is valid in india
original gpa was given in 1994. now we want to revoke it. pls help me
sajjan
23 August 2010 at 23:30
whether public company can issue shares for more than 50 members without issuing the prospectus
ATM FAILURE
RESPECTED SIRS,
I P.SATYANARAYANA,I AM STAYING IN PATANCHERU,MEDAK DISTICT,AP.
I HAVE AN ACCOUNT IN "PUNJAB NATIONAL BANK" AT PATANCHERU,MEDAK DIST.
PAST ONE YEAR BACK I TRY TO DRAW OF MONEY THROUGH ATM CARD IN PUNJAB NATIONAL BANK ATM AT PATANCHERU,MEDAK DIST.5000/- IS TO BE DRAWNED.
NEXT DAY I GO TO AGAIN SHOW TO BALANCE IN MY ACCOUNT TOTALLY DRAWNED LAST DAY 15000/-.BUT I AM DRAWNED 5000/- ONLY.
I IMMEDIATELY I CALL TO CUSTOMER CARE OF PUNJAB BANK. I EXPLAINED ABOVE MATTER.SOME CUSTOMER CARE EXECUTIVE IS SAID YOU(I MEAN ME)GO AND FIRST INFORM TO BANK MANAGER.
THEN I GO TO PUNJAB NATIONAL BANK.
THAT ABOVE SITUATION I EXPLAINED IN TO PUNJAB NATIONAL BANK MANAGER. AND I COMPLIANT TO THE BANK.
BANK MANAGER IS SAID PLEASE WAIT YOU. I VERIFY AFTER PASS YOUR AMOUNT TO YOU ACCOUNT WITH IN 42 DAYS.
I WAITED 3 MONTHS,AGAIN I GO TO BANK TO COMPLAINT TO MANGER. HE SAID WAIT YOUR COMPLAINT IN PROCESSING. WAIT FOR ONE
MONTH.
TOTALLY FOUR MONTHS IS OVER.
SAME I AM GOING AN D COMBINED TO MANAGER.
THE ABOVE PROCESS IS REPEATED 3 TIMES.
LAST 15 DAYS BACK MANGER IS SAID YOU COMPLIANT TO MAIN BRANCH OF "PUNJAB NATIONAL BANK" AT LAKDIKAPOOL ,HYDERABAD,AP DIST.
ALREADY ONE YEAR IS OVER.
"WHO IS THE RIGHT PERSON TO INFORMING"
PLEASE KINDLY UNDERSTAND MY PROBLEM AND GIVE ME SOME YOUR VALUABLE SUGGESTIONS.
TANKING YOU SIR,
P.SATYANARAYANA
9590103143/8806598650