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KUNJAR SHAH   06 May 2010 at 18:50

acceptance of deposit

its urgent...!!!!!

Shall loan accepted from Director(who are share holders)by public company be included while calculating limit of 10% of paid up share capital and free reserves?

Sir its too urgent.

Anonymous   06 May 2010 at 15:27

NOTICE for Board Meetings

Normally mode of serving a notice for calling Board Meeting is not prescribed.

In case of dispute between two Directors (A and B) A alleges that no Notice was served on him informing of Board Meetings. B can not prove that the same was served as it was an oral notice infact.

Matter is likely to go to CLB.

Wat shall b B's answer to this?

Anonymous   06 May 2010 at 14:47

Force Majeure

The Force Majeure condition of a particular contract contains finite list of events for which this clause can be invoked ( which also includes Strikes). But the clause does not specifically cover the subcontractor/subsupplier's works or locations.

In case if the Contractor wants to invoke this clause for one of the strikes in the subsupplier's location overseas can it be invoked ?

There are no restrictiins in the contract for assigining the contract or appointing a sub supplier.

bharat karale   06 May 2010 at 13:52

opening cad training institute

what is the legal process to opening new cad training institute?

Anonymous   06 May 2010 at 11:52

Service Tax


Company got incorporated with object clause of insurance business. But business income has not been arrived as company has not obtained licence from IRDA so far. Can company accumulate service tax paid during this period on expenses incurred for utilizing it as CENVAT credit for future service tax liability of the company ,even though company has not applied for service tax registration and therefore not filed service tax return as well?

nandkishore mishra   05 May 2010 at 10:55

vat

vat return due date had gone so what type of penalty will have to imposed for delay return

Heaven 2011   05 May 2010 at 10:55

In house lawyer

Respected all,
Since long there is a contradiction in my mind that though I am a qualified lawyer and a company secretary (in c.s final only 4 papers pending)yet i have not registered myself in any bar council. Rather i am not interested in practice. Since last 4 years I have been working in reputed listed company as Asst. Manager - Corporate Affairs and my area of work is mainly corporate law (Companies Act, SEBI, Property Act etc) Beside this i have also the experience of drafting various agreement like Joint Venture agreement, Lease, property management agreement, construction agreement, Scheme of merger etc and liasioning with the solicitors, financial institutions, auditors etc. I am very much interested in legal work and have zero interest in finance work. Now as i have confessed that though i am a qualified legal professional yet dont have any court experience. In a word i mainly perform as in house legal advisor. If i continue this way would it hamper my growth. Is my experience and nature of job as a legal executive o.k? If i go for any changes then may the new company(s) refuse on the ground that i dont have any court experience. I have tried to get a positive answer from my seniors. At present I am sharp 30 yrs. I consider you all to be most experienced person in this field and will definitely be able to guide me.
Kindly reply.
Best regards,
Asish,Kolkata
9836772555

Anonymous   04 May 2010 at 20:07

securitization

drawbacks of securitization Act and its solutions

Anonymous   04 May 2010 at 19:36

Annual shareholder's meeting.

All the shareholders are mandatorily to be invited for AGM wherein balance-sheet is to be produced for approval. But if I have never been invited, which could be the consequences ? How should I react to this lack ? ( I want just point out that I am a foiregner shareholder and I don't live in India,but I'm present in the company by travelling everytime I'm requested to )
Thank you once more
Peter

Anonymous   04 May 2010 at 19:29

Person defies agreement on plain paper and deposits cheque

Dear Lawyers,

I wanted to understand regarding a unique situation wherein a person A owed person B Rs 600000.

A gave the cheques amounting to same amount to B.

A then made an agreement and settled the outstanding with B at Rs 300000 and it was paid in cash in four instalments and at the end of it A got a receipt signed by B of the same amount and also stating that B would return the earlier agreement on stamp paper and all the six cheques.

But B didnt return the same and now B has suddenly gone ahead and deposited three cheques amounting to Rs 200000 in A's account which have bounced as there wasnt sufficient balance in the account.

Now what are the legal remedies available to A in the view that B has deliberately got the cheques bounced to harass A and take him to court.

Kindly suggest the legal remedies available to A.

Thanks for your valuable inputs and precious time.