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Anonymous   26 December 2009 at 20:51

Partnership claim queries

Hi,

I run a partnership firm with 2 others and am stuck in a sticky situation where one of my partners has been involved in frauds and what to ask him to leave .However do not want this to cause any obstruction in the working of the company.

He has not signed the partnership deed with us.
However his name is mentioned as a partner in the IT files.

Can he claim anything from the company or obstruct its working.

sandeep kumar   26 December 2009 at 16:24

limitation in arbitration

Plz tell me

1.what is the limitation for arbitration in a contract .

2.From when it should be calculated. from date of cause of action arose or from date on which court ordered to go for arbitration.

RAVI ARORA   26 December 2009 at 16:05

issue of share certificates agst. royalty amoount

we will be making a JV co. with a foreign partner . Indian co. will have a stake of about 80% .It has been decided that the foreign co. will not pay cash for its part of investment in the JVCo. and they will contribute through licensing of IPR rights . Now while issuing shares to them , there will be valuation issue . We shall be filing form 2 with ROC (allotment of shares without consideration in cash ). Apart of the valuation issue is there any other issue of FDI involved in this transaction .Can I solve the issue of valuation by License agreement and make the issue of shares at par .regards
ravi arora

J K Agrawal   26 December 2009 at 14:28

Dispute in Foreign trade

An Indian firm advanced full amount to a foreign supplier of England. He sent goods after 6 month of scheduled time and the goods is of very poor quality.

What is remedy. where and which court has jurisdiction. By which act the matter is governed?

Anonymous   25 December 2009 at 18:41

Detailed Partnership Registration procedure in Maharashtra

Sir, i want to know about partnership registration procedure.
(1)Detailed Partnership Registration procedure in Maharashtra state
(2) Which Form have to be used?
(3)How much registration fees will be applicable today?
(4) any other guide on related matter

Anonymous   25 December 2009 at 10:46

Golden Forest

One of My Client ( S M Afzal ) in 1994/1995 has invested in Golden Forest India Limited .Under Guarantee cum Performance Deed dated 29-3-1995 the said com issued a posted Cheque for Rs;- 1,02,000-00 in favour of my Client for the Unit repayment , the said Cheque is retunred un paid for the reason that the Accout is closed / Transferred .

I request learned friends to advise my client and calrify on the following points ;-

1 Is there any approved repayment scheme in respect of the said comapany - Repayments

2- The Cheque dt;- 3-8-2009 drawn on State Bank of patial Panchakul is retunred un paid which was issued to my clinet along with Guarantee cum performance Agreemetn dated 29-3-1995

3- What is the course of action on behlaf of my client for recovery of his due amount form the said company - Regd Office 834 Golden House Manimraja ( UT) Chandigarh

Thanks in Advance to all the experts

rashmi singh   24 December 2009 at 11:05

Imp: Please Help

We are a private limited company and our activities are marketing medicines in our own brand names and our firm has been in operation for around six months now.
Before incorporating our company we did a tradesearch for our name and it had come out clear and so we went ahead with this name and also applied for trademarking.
Now after six months of doing business in this name we have found tthat another big pharmaceutical company has a DIVISION with the same name as ours (in operation before us)and they are also marketing some of their products uunder this name..the only exception is that the brand name of their products and our products is entirely different(Brand names are more imp in the pharma ind as medicines are known more by their brand name than the company marketing them)
Now my question is can the other pharma company sue us for marketing medecines under a similiar name as one of their divisions? We had chosen our name in good faih and was not aware that this division existed and while the parent name of this pharma giant is well know, this particular division is not very well known and was not even listed on their website.
Please let me know if the pharma company has any grounds for suing us and asking for compensation in this regard??

Parveen Kr. Aggarwal   23 December 2009 at 02:06

Bar of section 69 Partnership Act

A highest bidder whose bid was provisionally accepted withdrew his bid before finalisation by the competent authroity of a government department. Now the bidder wants to file a suit for recovery of the amount of security/Earnest Money retained by the Govt. Department. The highest bidder is an unregistered partnership firm. Whether such firm can file suit for recovery without its registration under the Partnership Act or the suit will be hit by section 69 of the Act?

P.C. Joshi   22 December 2009 at 12:26

OFFER TO BUY SHARES

FRIENDS,

PLS ADVISE ON THE FOLLOWING ISSUE.

A PERSSON APPARENTLY LOOKS TO BE A SHAREBROKER WRITES A LETTER TO A PERSON BELONING TO THE PROMOTER GROUP OF A LISTED COMPANY SAYING THAT HE IS PURCHASING THE SHARES OF SUCH COMPANY AT X PRICE, IF YOU WANT TO SELL THE SHARES, PLS SELL TO HIM.

IS SUCH AN OFFER IN A CASE OF A LISTED COMPANY IS LEGAL OR SUBJECT TO COMPLIANCE OF PUBLIC ANNOUNCEMENT FORMALITIES UNDER TAKEOVER CODE.

CAN THE ISSUE BE REPORTED TO SEBI/MCA.

REGARDS,

P.C. JOSHI

rajat sehgal   21 December 2009 at 14:02

partnership act

can a company be admitted as a partner in a partnership firm?
can a company become a partner?