Anonymous
01 March 2010 at 16:15
Hi, i need some information on a npa account. i'll explain the thing in detail to you and expecting a correct movement in order to finish this. I have taken a educaional loan in 2001 for my engineering. The loan amount comes to 2.6 lacs rupees in principal at the completion of my enginnering, As i belongs to a poor family background and not having the job for a longer period of time, i was unable to pay it. Now it has been declared as a NPA account by PNB from a period of over 2 years. It has now total of 4.18 lacs including interest before declaring it as NPA. So wat measures can be taken to do settlement of it. i am willing to do the settlement but i can pay maximum of 2-2.5 lacs. My entry is there in CIBIL also. I am enable to get any further loans from any bank. Please help me out of this.
Anonymous
28 February 2010 at 18:21
Is it possible to appoint a director with no investment in a new or existing company?
if no then:
Except investment on what basis can a person be eligible for a director of a Pvt Ltd company?
vijayakumar
27 February 2010 at 16:38
Respected Sir,
The answer was excellent. But This raises more questions.
1. Suppose the propretor do not have property left over / the legal heirs do not have any property // money to pay the dues what is the position ?
2. suppose - there are more legal heirs - & the notice is served to only one / or the rest of the legal heirs are not traceble ?
anckoora
27 February 2010 at 16:33
dear sir,
we are dealers' in gold/silver/diamond ornaments. our employee take ornaments on approval basis to a dealer-and bring back the same from time to time. We do proper documentation for this transaction.
To avoid in-transit hassel , say by police, octroi, s.tax etc dept, we have given them our authority letter on 100 rupee stamp paper (duly notarised)and also affidavit pertaining to his job of carrying the valuable ornaments.
pl let us know(1) the validity of this affidavit and letter of authority(2) we understand that it is for six months only-as validy of the stamp paper itself is six months. We are confused.
seeking your advise.
thanks
anckoora
Amruta
27 February 2010 at 13:16
If a JV Company which is a pvt company is formed with 51% holding by a foreign body corporate and 49% by an Indian company, will the said JVC b deemed to b a public ocmpany? Please clarify.
Thanks.
Amruta
rahul k
27 February 2010 at 09:19
Can tax liabilty of a deceased proprietor be recovered from the legal representatives of the deceased? Also is the death of the sole proprietor leads to the automatic dissolution of the firm?
Sambhav Jain
26 February 2010 at 13:31
A declared sick company (A Co.) by the BIFR has been sanctioned OTS(one time settlement) with IFCI. Later OTS amount was paid by B.CO. to IFCI(which is a limited comapny in private sector) with the consent of A Co. within time. Assingmnet of loan has not been mentioned in OTS Santioned letter with IFCI and OTS.
my questions are:
1. Whether IFCI can legally assign the loan to B Co.which is not a Non Banking Finance Co. nor asset reconstruction Co.
2. Whether Before actual assingment by IFCI, can A Co. withdraw its consent?
chandranil S Belvlakar
26 February 2010 at 12:31
Dear Experts,
Kindly can any one explain me what are the major points to be considered while drafting frenchise agreement and how is the stamp duty calculated for the same
Virendra Singhal
26 February 2010 at 11:50
Sir,
A first generation enterprenure had set up a factory by taking loan from IFCI and 2 PSBs.The Company defaulted in repayment of loan.IFCI alongwith 2 Banks moved Delhi High Court and took the entire secured assets of the Company and put it with Court receiver.No Insurance was taken by lenders,though agreed to by them.
Subsequently, the entire secured assets were lost while it was in the custody of court receiver.
Should the guarantors be not discharged under section 139 and 141 of the Indian Contract Act.
Pl. advise.
V.K.Singhal
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Education loan NPA account
Hi, i need some information on a npa account. i'll explain the thing in detail to you and expecting a correct movement in order to finish this. I have taken a educaional loan in 2001 for my engineering. The loan amount comes to 2.6 lacs rupees in principal at the completion of my enginnering, As i belongs to a poor family background and not having the job for a longer period of time, i was unable to pay it. Now it has been declared as a NPA account by PNB from a period of over 2 years. It has now total of 4.18 lacs including interest before declaring it as NPA. So wat measures can be taken to do settlement of it. i am willing to do the settlement but i can pay maximum of 2-2.5 lacs. My entry is there in CIBIL also. I am enable to get any further loans from any bank. Please help me out of this.