SRY
19 March 2010 at 12:49
1)Can an existing partner start a proprietory concern with the firm name remaining same as in case of partnership ?
2) 1 partner in the firm has 10% share and 90% amongst remaining 3 partners.Can 3 partners resign from the firm if 1 partner denies to sign anywhere.Is there any alternate solutioin to this.
Anonymous
19 March 2010 at 12:27
Dear sir,
I like to get an advise from you. As my father who was an MD of an Pvt Ltd company formed by him and two other directors one of whom is my mother and another is outsider till my father passed away in mid 2008.
The business was located in the premises of my father's owned land and house.
This business have a cash credit loan of 35 lacs ( 34 lacs fixed deposit against 79 lacs loan amount already diluted by bank) now the business does not run, unit is closed but we have this loan of 35 lacs in NPA state.
We dont have enough fund (maximum 15lacs available) to pay this amount before closing the business.We don't want to loose our property or personal kinds. My mother is suffering from cancer and I am a salaried person not involved in this Pvt Ltd, family business.
Bank is not ready to settle the amount anyway in in our available fund( 15 lacs).
Please advise.
22/03/2010:
I just wanted to add few information:
1. This cash credit loan had no security/mortgage(only the spare parts which is already liquidated) involvement...only had personal gurantee.
2. The business is currently not runing/will no one run in future.
3. The business is located in our residence premises.
4. The business A/c has only 15 lacs to settle the loan of 34 lacs.
Now please advise the following:
1. How could bank proceed for recovery?
2. How could we can protect our residence/land spending the available business fund only?
Anonymous
19 March 2010 at 10:57
hi All,
please help me with this query. i will explain the situation.
my company is executing an agreement with the customer say in New delhi. the agreement is signed by the customer and by a company representative in New delhi. but the stamping of the agreement will be done only in Kerala(due to some administrative convenience). as per the regulatory requirement a copy of the executed document should be sent to the customer in 7 days time. since stamping is done in Kerala the company is not in a position to do this in 7 days due to courier delays etc.
so i was thinking whether the company can give a official letter (stamped or non stamped) to the customer along with a non stamped copy of the document in delhi itself to meet this requirement? will this official letter be good enough to supplement the stamped document?
please advice
Anonymous
18 March 2010 at 21:13
I am the tenant who has bought goodwill , business, amenities, furniture’s from the landlord legally. These are the following lines in the my agreement,
(The tenancy period shill be initially for period 3 years, which shill be renewable for, future period of 3years at the enhanced rent of 15% , with the option to the tenant to renew the agreement for further period on such terms & condition as may be mutually agreed upon.) . Can my landlord tell me to vacate the business after lease period
or?????
Anonymous
18 March 2010 at 18:37
SIR ,
WE WANT BEST LAWER FOR M.R.P.QUERIES
IN MUMBAI AND DELHI
Anonymous
18 March 2010 at 13:25
sir,
i have one question, Can a lawyer be a promoter of a Pvt. Ltd. Company? if no. then pls tell me the ways by which he can be a part of a company along with practice.
Thank You.
doshi devang
18 March 2010 at 11:14
sir,
kindly guide me on following:
1) whether company can hold agricultural land?
2) can it earn profit by agriculture from such land?
3) is this profit is taxable or not?
4)if i have one company with certificate of commencement of business, than what can now i do to take agricultural land in my company's name?
post script: i am not registered agricultural land holder.
Anonymous
17 March 2010 at 21:43
I am Tenent,who has bought goodwill,business & license from the landlord by his offered price in the year 1999.In future if the landlord wants to me to vecate, can i clame this goodwill,business & license from landlord legally before vecating. By fixing my own price as market prise of year 2010.
JEGADEESAN
17 March 2010 at 18:44
I want to clarify one doubt regarding FDI.i.e.
Let a company registered under Indian Companies Act 1956, in India by the foreign promoters.Now is it require to intimate about it's activities and share holding pattern to RBI?
If an NRI will invest in an Indian Company, It is also required to RBI or not.
Please clarify the above doubt .
Thanking You,
Regards,
S.jegadeesan
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trust,ngo,society & social enterprise.
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