Prashant Kothari
15 January 2010 at 09:07
Dear Sir,
working as Job Consultant having good banking track record but unfortunately when i started business in 2004 taken one loan from SBBJ bank or due to financial crisis was not able to repay 50,000/- Rs but as my business grows recently before 1 Yr cleared all amount in my loan,But this bank manager is not giving me no dues certificate or NOC.
Please give me suggestion that how i can take action against this bank manager or how i can get my NOC letter.
RGDS
Prshant Kothari
ABU FATEH
13 January 2010 at 07:14
Hi
I have some shares pledged against as security in my bank.The bank had earlier cancelled the lien mark.What the bank has is old share certificates.Those share certificates are no more valid. And I have the new share certificates.In this context is it legally correct/possible to sell my shares without the banks consent?
Raja Rajeswari S
12 January 2010 at 17:38
Dear members,
LLP is to be started in India for exporting engineering products . A foreigner and a NRI wants invest in LLP by making 45% of the capital contribution each in LLP.The remaining capital 10% is to be contributed by Indian investor.
1) Is the investment allowed under Atuomatic route of FDI ? If so, kindly let me know the RBI notification/circular which allows Foreign investment in LLP.
2) If the investment is not possible, how can they bring in the foeign funds. they do not want to form a a pvt company? ( The Indian investor being the working partner with only 10% of capital contribution wants a share in the profit , hence he wants LLP form . If it is a company, he will be eligible only for dividend and fixed remuneration and so he doesnt prefer company form of organisation)
2) Can they repatriate the amount invested?
Kindly do clarify.
regards
RAJA RAJESWARI S
Anonymous
12 January 2010 at 17:36
i want to get a money lending licence. In mumbai who is the authority(registrer)? Where is office and what are the procedures if u can guide?
Raja Sundarraman
12 January 2010 at 15:56
Respected Learned Friends, My Client , a property management Company ,is going to indroduce a Scheme under which the rent received towards the monthly rent received by them from the prospective tenant of the Flat will in turn be given to the owners/ their clients by way of Gold Coins once a year instead of cash payments. Whether this Scheme will be construed to be a kind of Gambling ?
Anonymous
12 January 2010 at 07:06
what are the provisions affecting the issue of sending notice on behalf of internation clients .
Anonymous
11 January 2010 at 22:40
what is the necessary features required to prepare a credit note?under which law? whether any particular format given in any law book?
thanks in advance.
Dheeraj
09 January 2010 at 19:56
Dear Experts, Please resolve my query. I am partner in a partnership firm (unregistered with only two partners) last year, now due to some happenings I retired from the firm and a mutual agreement has been made between us that from the date of my retirement the other partner will take over the business of the firm with current name, goodwill and all debtor and creditors. No dissolution deed has been entered between us as on date. In order to run the business we have given some blank cheques as security cheques for procurement of goods.
Now the continuing partner not making the regular payment to the said party to whom blank chwques were issued. The said party now with a view to recover the money present the blank cheque by filling it with Rs 109000/- and the said cheque was dishonoured. The outstanding as per our accounts is Rs 60000/- to which party has agreed we have written document with the signatures of the party in this regards.
Since I am retired partner and other partner is continuing the firm, now a notice under section 138 (CC marked) comes to me, what will I do in this case.
Please reply
Pawan Patil
09 January 2010 at 16:03
Dear Sir/Madam,
We run hospital in pune one patient had issued cheques towards his outstanding bills.
The said cheques is dishonour & sent notice to patient & give sufficient time to deposit money in account.
However the cheque re deposited in our bank account.& the cheque dishonour again
I am going to suit file against patient u/s 138 of cheque dishonour
Is it possibility to recover the amount?
If yes How much time will take for recovery?
Regards,Choudhari
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Agreement in restraint of trade
Dear Experts
My query pertains to a clause in the Distributorship Agreement which reads as follows:
The Company shall not enter into agreement with Sub - Distributor/s on an independant basis during or after termination/ expiration of this Agreement with Distributor.
Please note :
1. Sub- distributors are independant dealers to whom the Distributor sells products purchased from Company.
2. The relation between Company and Distributor is on Principal to Principal basis.
I request answer to my following query:
1. Legallity of such clause in the distributorship Agreement vis a vis Contract Act.
Regards