Anonymous
23 July 2010 at 11:35
My friend had signed an agreement in 2008 for purchase of Steel with a UK firm. He was supposed to open L.C. within 7 days of signing the agreement. He could not open the L.C.
There after there was no correspondence. Now the UK firm has appointed an arbitrator and is asking for compensation in loss of profit.
My question is - if when my friend was not able to open the L.C. within stipulated period- dosn't the contract becomes null and void? Can the UK firm ask for compensation when the first step of opening LC within 7 days was not fullfilled.
Kindly Suggest.
prashant1314
23 July 2010 at 10:58
Dear Seniors,
What is the difference between Arbitration tribunal & Court.
In Pune - Maharashtra where I can find Arbitration Tribunal?
joseph
23 July 2010 at 10:39
Hi,
I dont know which category I should mention for my case.Pardon me if Iam wrong.
I want to do a freelance job.Recently i got contract job offer from Netherlands.They want to outsource the job to India.Its software programmer job.
They are ready to deposit money in my account every month as a salary. But what they looking for from me is, like in USA there is business licence even for freelance work even if one dont have any business name or title registered, is there anything some sort of proof that Iam self employed in India or any licence.Also I want to know what are all the legal issues will be there regarding the taxes or registering the freelance work.Iam totaly unware of this process and need experts guidance.
Please help me in this case.
thanks
VIJAY ANAND
22 July 2010 at 13:46
Dear Sir,
We are one of the micro & small scale concern in Tamil Nadu.
We have supplied some material to a big private limited company on 2001 against there purchase order. After the material has been supplied to the private limited company,this company has been taken over by a government company on 2005.
still we have not received our payment for the supply.
we got all the documents like
there purchase order
our invoice copy
there c form on material receipt
kindly know us to whom should we contact for the payment.
private limited company (or)the government company which has taken over.
and how can we get the payment.
The value of the amount is 10 lakes , so kindly do the needful.
Anonymous
22 July 2010 at 12:01
Can an Indian Company and its Foreign Subsidiary based at Singapore both be partners in another Partnership Firm ? If so,what are the legal implications?
Gitesh
21 July 2010 at 19:36
I want to filed annual returns of my companies last few years after the filling that I want to go with CLSS scheme which is launched by MCA. But unfortunately on MCA site there is no any CLSS scheme form available, there is only EES scheme form available. So please anyone have link or form of CLSS scheme then please mail me or give me link on following email address.
regards,
Gitesh
giteshgshah@gmail.com
Aparna S
20 July 2010 at 23:56
Does a parent company has to pass resolution for closure of subsidiary company? if so whats the procedure and under which section?
Please help me out.
Thanks & Regards
Aparna S
Member (Account Deleted)
20 July 2010 at 20:43
my client is a guarantor to an urban co-operative bank and the borrower is now dead. the bank is under liquidation. the property mortgaged with the said bank is of guarantor and its value is less than Rs. 20 lacs, which was the principal amount of loan.
now since the bank is under liquidation it is seeking to recover the whole amount from my client i.e. guarantor. the guarantor is ready & willing to deposit Rs. 12 to 14 Lacs with the said liquidator and in lieu of it wants to get his mortgaged property released. the liquidator is ready to accept this under the one time settlement scheme of RBI but he has two doubts which are troubling the onset of the said settlement :
1. Whether the one time settlement scheme, if any either of RBI or any other scheme of like kind, is applicable to urban co-operative banks ?
2. Whether the bank or any liquidator is legally permitted to liquidate the account below the principal amount. Is there any legal bar to acceptance of an amount as a full & final settlement of account below the principal amount ?
Praveen Kanungo
20 July 2010 at 19:26
A government company could not hold its AGM since the last 5 years due to non-completion of audit for 2003-04, due to which auditor for the next financial year could not be appointed by C&AG. what should the company do to regularies its working?
Can the AGM for all those years be held on single day?
How will the AGM be convened and held?
Whether there is any exemption to a goverment company for not holding the AGM on time and filing the annual forms?
thanks & Regards
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Corporate law
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While making Merger do we have to get the approval from creditors, Is this compulsory.
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