tamilarasibabu
11 September 2009 at 16:41
Dear All
What is the Legal implication to be adopted for Non-Payment of Dividend,
i) can it be challenged before CLB under Companies Act? if it so, the relevant provisions under which it can be made?
ii)whether it will be a cause for raising Consumer Dispute or it vil be only a civil suit
riven
ALOKE KUMAR BARDHAN
10 September 2009 at 23:04
The banking Regulation (Amendment) ordinance 2007 has ommitted sub section (1) and (2) of Sec 24 of BR Act. Thus, ascheduled bank's SLR is capped at 40% of DTL to be calculated on afortnightly basis.
On the other hand, SEc 25 states that on a quarterly basis, a bank should keep assets in india, in Cash. Gold or unencumbered approved securities at 75% of DTL.
this appears to be contradictory to me. may be I have understood it wrong. My question is, when 40% is the cap, how 75% of DTL id expected to be maintained on a quaterly basis ?
riven
Avadhut
08 September 2009 at 21:22
Hi,
My name is Avadhut Nigudkar and my startup has acquired shop act license. I am going to start fund management activities where my firm will accept the funds and will give guaranteed annual returns to the investors.
I want to know is there any legal documents which I need to complete for this? Also,can I take insurance for this deposits with my firm ?
If I file an affidavit and sign the agreement with the investor,would that be enough as a security of the depsoit?
Thanks in advance.
Regards,
Avadhut Nigudkar
www.analytics.net.inriven
Dhiren Akbari
08 September 2009 at 01:31
please advice the course of action. agreement executed in dubai for supply of goods. supplier from dubai failed to supply goods. purchaser from mumbai. one clause in contract that it is to be governed by law of thailand.
- jurisdiction of indian court
- can suit be filed in dubai
- is there any international body to resolve this kind of litigation
- brieft procedure for filing suit, service of summons and argument and order and enforcement of order.
thank you.riven
Mangesh
08 September 2009 at 00:29
Dear Sir,
I had applied for a home loan through an agent. I provided him with all the required documents on 4th of July. Agent told me that as my age is less the tenure to repay the loan can be increased. As I received a confirmation about the loan amount on 15th of July form my agent I booked a flat on 26th of July.
But actually when I went to for an interview with the bank manager he told me that I was not at all eligible for the loan amount informed to me by my agent. The agent now is changing his words saying that he never said I was eligible for the loan amount X but I said that u can book a flat of X amount adding on my contribution.
Now the situation is that I am not getting the required loan amount as well as the builder booking recite says that the booking amount is not refundable.
I this scenario can I sue the agent for fraud and if yes under which law and also dose the law says that if the flat is cancelled the booking amount is not refundable, can I get my money back from the builder?
Seeking for your expert guidance.
Best regards
Yash
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Mangesh
07 September 2009 at 00:54
Dear Sir/Madam,
Is it mandatory to pay the processing fees for the home loan if the expected loan amount is not passed or the loan is on hold due to non-completion of documents? Or the processing fees are only charged after the loan process is completed.
Is there any law for the processing fees to be charged for Eg. 1% of the loan amount or as such?
If I do a stop payment for processing fee cheque can I be sued by law?
Needs your expert opinion on above.
Best Regards
Yash
riven
Mangesh
07 September 2009 at 00:32
Dear Sir/Madam,
Is it mandatory to pay the processing fees for the home loan if the expected loan amount is not passed or the loan is on hold due to non-completion of documents? Or the processing fees are only charged after the loan process is completed.
Is there any law for the processing fees to be charged for Eg. 1% of the loan amount or as such?
If I do a stop payment for processing fee cheque can I be sued by law?
I will be grateful if you can provide your expert opinion on above.
Best Regards
Yash
riven
kamal Jangid
04 September 2009 at 11:19
Dear Expert,
A cheque we presented twice and both the time returned by the bank due to unsufficient fund, now i talked to concern party but he is not interest to pay the amount.
Now i want to send a notice to party for this Please adivse me on the following:-
1) Is time limit is 30 days to send a notice from the date of returned cheque received from bank ?
2) After first notice we have to send any other notice if yes than time limit?
3) After final notice if payment not made by the party than time limit for us to file a case againest to them?
If a Format for notice is available with you than please forward.
Thanks & Regards
Kamal
SUDIP RAJA
04 September 2009 at 02:36
MY SELF SUDIP RAJA.
CAN A CO-OPERATIVE SOCIETY & ALSO CO-OPERATIVE BANK IN GUJARAT STATE INVEST THEIR FUND IN MUTUAL FUNDS DEBT ( BOND ) PRODUCT & ALSO IN PRIVATE CORPORATE COMPANY'S FIXED DEPOSIT ?
SUDIP RAJA
M = 9427721997
EMAIL = INVESTMENT.IDOL@YAHOO.CO.IN
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A new share certificate if the Chairman/MD changes ?
The current share certificate is signed by the present Chairman/MD of the company. Is it required to change the share certificate if a new Chairman/MD joins ?
riven