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jayesh ahire   05 June 2010 at 14:35

Increase in Auth Capital

A company has its current Auth Capital of Rs. 10 Cr it intend to increase it to Rs. 50Cr. but does not want to increase it in one go.It proposes the following solution:
to take the shareholders approval in an AGM to authorize the Board to increase the Auth Cap upto Rs 50 Cr., if needed, till the next general meeting and also auth the Board to alter the MOA to give effect to the resolution..... Is the proposed solution legally possible??? Kindly give ur opinion with reasons, proviosions, circulars and case laws..

Anonymous   04 June 2010 at 17:55

Caught in Debt of of PMRY LOAN.

sir, I have taken pmry loan from SBI. Now, I am not enable to repay the Loan amount. In the long duration I have paid some interest to the bank. Now, It is not possible for me to pay the interest and also the principal amount.

What i can do ? please help any body who knows the banking rules and practice.

Anonymous   04 June 2010 at 17:03

need suggestion

Dear Sir/Mam
I'm LLM studendent doing specialisation in Business Laws and having interest in Insurance sector, what steps should I take for shaping my carrier in this area. Wheather I need to do any diploma?
Or if I chose to do practise what steps should I take???

Please guide me.

ajeet singh   03 June 2010 at 22:16

regarding salary issues

hi,i worked in an organisation name"microstar"as floor manager from jan 2010 to 26 april 2010.on 26th april 2010, i resigned on certain illegal grounds which was unacceptable to me. actually, microstar is a call centre institute which provides training of call centers.SO i resigned from there.Now i am asking salary ie10,000+2,000 incentive. but the owner of microstar replied me that she could not provide me salary as she is in great loss,due to my resignation.i have sent a notice to her with the help of local lawyer of 7 dys to pay my full salary.now i want to ask whether my case is sttrong or not? what are the acts of laws which can make my case strong.suggest me some ideas for it.

rocky   03 June 2010 at 16:43

manufacturing activity

IM A CHEMICAL DEALER.IAM SELLING CHEMICALS WHICH ARE APPLIED FOR PROCESSING OF SEMI FINISHED LEATHER INTO FINISHED LEATHER.IAM SELLING THESE CHEMICALS AGAINST FORM XVII.
BUT NOW I HAVE RECEIVED A NOTICE FROM CTO SAYS THAT THE CHEMICAL SHOULD NOT BE SOLD AGAINST FORM XVII FOR PROCESSING OF SEMI FINISHED LEATHER INTO FINISHED LEATHER SINCE THERE IS NO MANUFACTURING ACTIVITY INVOLVED AND NO NEW COMMERCIAL COMMODITY IS EMERGED.
SO CAN I KNEW THAT IT IS A MANUFACTURING ACTIVITY OR NOT? CAN THE CHEMICALS BE SOLD AGAINST FORM XVII?

rocky   03 June 2010 at 16:40

manufacturing activity

applying a chemical for processing semi finished leather into finished leather is a manufacturing activity?

sweta   03 June 2010 at 14:23

Schedule VI - Section 25 Companies

Dear Members,

Kindly let me know whether Schedule VI is applicable to section 25 Companies.

How can one determine the same.

Your early reply is highly appreciated.


Warm Regards,

Sweta

TR NAGARAJA   02 June 2010 at 18:40

Gold loan Finance registraion

one of my friend doing gold loan business.
We want to know about registration of our firm. we are giving Loan against gold. Suppose gold value is 1,00,000/- Loan eligible is 75,000/- along with 1 % interest every month.

YOGESHWAR.   02 June 2010 at 10:09

Details abount a company in Maharashtra

We want to find out complete details about a company registered in Maharahstra such as 1) its present directors 2) current balance sheet.
Please inform us about the relevant websites /procedure.

Anonymous   31 May 2010 at 16:08

LLP act

Can we establish a LLP for non profit purpose?
can the designated partner draw salary from the LLP?