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Anonymous   16 March 2010 at 18:40

value of goodwill & business

I am doing business since 10years.The license is in the name of landlord.Now my landlord wants to sell Goodwill,business,license & moveble AMUNITIES. Is it leglly useful for me to buy these from landlord.Plz reply me. THANk you.

doshi devang   16 March 2010 at 15:34

practice as ca & advocate simultaneously

SIR,

KINDLY GIVE ME GUIDANCE ON BELOW:

1) CAN I PRACTICE AS ADVOCATE & CA AT THE SAME TIME?

WHAT CAN I DO FOR GETTING APPROVAL OF THE COUNCIL OF THE INSTITUTE OF LAWYER TO GET PERMISSION OF SUCH PRACTICE?

Anonymous   15 March 2010 at 18:57

winding up

One of my client is going for winding up the company. Problem is there are five directors in the company and while filing Din 3 they filed only for four directors and now the other director is not coperating for applying Din 1 in his name. Now what is the process to proceed with.....

pratik   14 March 2010 at 14:14

Contract act, 1872

1)Doctrine of past consideration
2)Doctrine of part performance
3)doctrine of promissry estoppel in easy lanugage with the exampls.
4)difference between corceion and undue influence with the example .

the above mentioned topic will me a lot pls do the favour and help me give the notes of the above matter .

Thanking u all experts in advances.

A.P.Rajagopal   13 March 2010 at 21:09

soceities registration act 1958

hiii advocates

when a bye law of a club will become effective? as soon as when it is passes in ec meeting or after filing with the registrar?

does club can terminate any probationary member from the club without following principle of natural justice ie memo or show cause notice.

whether club can amend its rules n practice or bye law in violation of standard format n if does so will it become a rule without even filing with registrar

apr

A.P.Rajagopal   13 March 2010 at 21:02

payment and settlement act 2007

hiii legal experts,

may i please be advised on how to prosecute for insufficient funds as per payment and settlement act 2007 for electronic clearing cheques( as 138 in negotiable instruments act )

the procedure in the above act amy also pls be advised.

tks n rgs

apr

anupam sharma   13 March 2010 at 10:28

violation if trademark and fraud on partner

a firm established in haryana has two partners who has 12 franchises to whom the firm has provided with the material for payment by cheques.but now one of the partners has opened a firm by the same name in ludhiana (punjab) and has further entices the franchises.the cheques with the former firm have bounced.

1.what are the remedies for the first firm???

2.is trademarks act violated???

3.can a cheating case be filed aganist both the cheating partner and the franchises ???

Sanjeev Panda   13 March 2010 at 09:28

Contract Act

The insurance companies do put stipulations in the insurance agreements to the effect that if the insured does not make a claim within a specified period from the time of damage, the company shall not be held liable for such loss or damage. Are such stipulations in agreements valid and binding in law?

Ghanshyam   12 March 2010 at 15:50

Partnership Dispute

Hello There
I would require Some EXPERT advice only, please Guide iam in a deep Trouble

I had started a partnership firm with one of my friend and his friend, In total we are 3 partners A,B & C and we had invested around 15 LAC in total

With a ratio of A= 40%, B= 40%, C= 20%-(silent partner).

I and my friend had a share of A= 40%, B= 40%.

We started this GYM (FITNESS CENTER) in the year 2006, the place was taken on rent, the rent deed was made on my friends name and we had invested around 10 Lac on interior modification & furniture

We had made a partnership deep on a stamp paper of just RS-500 and duely signed by all the 3 partners, (Notary done) , but we had not registered the deed (since proper guidance was not provided to us by the lawyer), and in the deed it was Cleary mentioned that,

• The Bank account will be operated by both the partners, and will be used for Business purpose only.

• New machinery or loan will not be taken without the consent of all the partners.

• If any partner retires he needs to give 1 month notice in advance.

As per the discussion held between all the partners we gave the right to Mr B to operate the account.

I & Mr B had decided to sell off the GYM as it was not running successfully, but at the last moment Mr B denied and told that he will run the business, he is not interested in selling it off

So I gave a verbal notice to Mr B as he was interested in running the business in may 2008 & told him to pay me my share, which he agreed on. But as there was no result I gave him a written notice on a piece of paper on APRIL 2009 That I wish to withdraw,

profit was not shared with me since 2008,.

I DID NOT receive my share of withdrawal money till date, So officially iam still a partner in the business

In the month of June 2009 Mr B sold off the old machinery and brought NEW MACHINERY ON A LOAN of RS 8 lac, without the consent of the other partners ( which was without the rule as per the partnership deed)

And as the SHOP ESTABLISHMENT LICENSE had expired, Mr B made a new license with only his name as a proprietor.

I had lended a loan of appprox Rs80,000 / - a friendly loan by using my credit card to Mr B (which Mr B promised to pay and had not yet paid, he is been paying just the minimum payment since the past 18 months, due to which my credit worthiness has been spoiled in the banking industry)

And when I checked the accounts I found around 3.5 to 4 Lac of Cash entry was missing from the records, entries was present in the BANK passbook but not in the collection book.(this was done by MR B)

Now Mr B is telling that as per the government rule there will be a deduction of 15% PA on the amount invested. & the amount invested for modifying the plot will also be deducted from my share as the plot has to be brought in its original state when we windup the business( but he is not interested in winding up the business for the next 5 years)

I am also eligible for Royalty as the business has become a good BRAND name in the market

Now please guide me the steps which I should take so that I can recover my money since I have given him a written notice in April 2009 I should receive Amount +Interest + the profit+ Royalty.

IF WE CAN STOP THE FUNCTIONING OF THE GYM, this will pressurize Mr B to pay MY MONEY FAST

PLEASE GUIDE ME WITH ACCURATE STEPS TO STOP THE FUNCTION OF THE BUSINESS WHICH WILL HELP ME RECOVER THE MONEY.

Nirmaan Shyamsukha   12 March 2010 at 11:37

Draft Legal Notice

May i get a draft legal notice format for a bounced cheque(Insufficient Balance)to be given to the party.