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Ronald   24 August 2010 at 20:21

NOC from exisitng banker for loans

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?

nagendra   24 August 2010 at 06:39

regarding gpa revocation

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

companies act

whether public company can issue shares for more than 50 members without issuing the prospectus

VISHAL KUMAR CHOUDHARY   21 August 2010 at 12:29

Commission based on Sales to Director of Pvt. Ltd. Company

Director of Private limited company wants to draw commission based on sales in excess of present salary which is around Rs. 10Lacs p.a., please suggest whether there is any problem and legal compliance, if any

VISHAL KUMAR CHOUDHARY   21 August 2010 at 12:28

Commission based on Sales to Director of Pvt. Ltd. Company

Director of Private limited company wants to draw commission based on sales in excess of present salary which is around Rs. 10Lacs p.a., please suggest whether there is any problem and legal compliance, if any

Anonymous   20 August 2010 at 23:42

account blocked

Hi,

whether Account Blocked / Freezed comes under section 138 N.I.Act or not? Account Blocked/Freezed can be prosecuted under section 138 NI Act? please refer suproted judements .

Somnath mukherjee   20 August 2010 at 22:19

contract& constitution

A state undertaking organisation quated a tender for atenure of five years.I became the highest bidder in respect of price amongst other bidder for entitre of the goods put to tender. The workorder in my favour was issued in terms of a judgement passed by the Hon'ble writ court, one of the unsuccessful bidder without challenging the tender terms and conditions before a writ court at the first instance preferred an appeal assailing the order of the Hon'ble writ court as above.
The hon'ble division bench while admitting the appeal after allowing aleave directed to issue work order for the entire quantity as held by the trial court but directed to curtail the the tenure from 5year to 1year for the present, subject to hearing the appeal. My question is:-
Whether the Hon'ble sitting in appellate jurisdiction disposing a matter Art.226 of the constituion can pass such order even if the same is ad-interim in nature if no ex-facie arbitraryness or discremination is found in respect of floating of such tender or respect of issuing the workorder in favour of the highest bidder?give reasons and citations in favour or against

VISHAL KUMAR CHOUDHARY   20 August 2010 at 18:10

Related to director's remuneration of Private limited co.

I wanted to know whether the approval of central govt.is required to pay director remuneration exceeding Rs. 50000 per month or other related provisions, the norms the private limited company has comply with for giving director remuneration or other benefits exceedingRs. 50000 per month.
moreover do inform whethre the same comply for Managing Directors.

F L SHAIKH   20 August 2010 at 14:55

registration for new business

What are the steps and How to register a new consultancy.

Anonymous   19 August 2010 at 23:43

Why prostitution and money lending not being legalized?

In Delhi the Govt.is not giving a legal status to both of these very old and much prevalent businesses in the society ,How to influence the Govt.to authorize both of these two businesses ?