Tipsy
20 July 2009 at 12:25
Putting Extra Credit in credit card Bank closes our credit card and they say extra credit is not allowed, is there any rule ?
I put extra credit card as i was travelling and do not have any problem in using extra credit over my limit.
SBI had given Credit of Rs 6000 and I put extra money of Rs 10000 so that while travelling i dont face any problem, but instead they call me to block my card or else
make request to refund the amount
My question is as under
Extra Credit in Credit card is allowed
by Reserve bank of India, if the limit is less ?
Sammelan Kavi
19 July 2009 at 15:06
I hired services of two lawyers X & Y for a certain matter concerning multiple courts against the same accused. Both the lawyers prepared and filed application in two different courts. Application filed by X was dismissed within minutes because it was in incorrect Jurisdiction and Judge told the lawyer X "You ought to have known that" and reprimanded the lawyer for bringing such applications to her. Second Lawyer Y did not show up on the date but sent someone else junior who had no clue of the case. It was also later discovered that the second application too was filed in incorrect jurisdiction.
What are my choices? How do I recover the fees tendered to the lawyers?
tusharcosmic
17 July 2009 at 02:19
I want to know that if I need to have some Money lender License if I want to do this business legally. And some one told me that there is some ceiling upon interest charged /what is that cieling ? What is the truth? How to start this business in a leglize way ? How to get that License and what should be the maximum legal rate of interest? Please answer. Thank you all in advance.
ashish choudhary
16 July 2009 at 14:56
can any one tell me that how many different types of work can we do from one company.I want to do computer software and civil construction work with my one company is it possible then how and also help me for MOA and AOA of the company.what will be the main object to fill form 1A..
sneha
16 July 2009 at 11:13
a foreign company has been contravening Section 394 for the past 4 years due to ignorance of the law. Penalty under Section 598 states a maximum of Rs.10,000 and for continuing default Rs. 1000 per day. What is the maximum limit for this continuing default? or can the penalty go upto any amount??
Atul
15 July 2009 at 18:43
can a company become partner in a firm?
what are the pros & cons of this?
Prashant
14 July 2009 at 19:56
1.Two public ltd companies were formed. 2.The date of certificate of incorporation are 24-01-2008 & 08-05-2008 respectively.
3.The certificate of commencement of business has not been taken till today.
4.Subscribers to MOA & AOA are 6 individuals and 1 is listed public ltd company (say A Ltd). A Ltd subscribed for 49,994 shares out of 50,000 shares and rest of the individuals subscribed for 1 share each.
5.Till today neither from A Ltd nor from 6 individuals, money on account of share capital is received by these companies.
6.Further, while finalizing the annual accounts of A ltd, the above companies were not shown/disclosed as subsidiaries and there accounts were also not incorporated in the annual report eventhough there were no transactions/activites done since commencement certificate is not obtained.
So following queries are raised-
1.Does A Ltd really becomes the holding company eventhough it has not purchased share capital of these companies.
2.Now A Ltd does not want to be the subscribers to MOA & AOA simply because they do not want these companies to be its subsidiaries. So now what is the remedy?
3.Although share capital is not received, can A Ltd transfer the shares in others name & get rid of the status of holding company (if at all it becomes holding company)
4.What is the consequences, for not showing these two companies as subsidiaries in the annual report of A Ltd as on 31-03-09.
5.What are the compliances to be made for these two companies from the date of incorporation with respect to accounts, audit, AGM, board meeting etc.
6.Today also, they have not received share capital so then what accounts to be finalized and how to take AGM and what needs to be put up in AGM.
7.Further no commencement certificate is obtained. Can it receive share capital now.
Thanks in advance
Tipsy
14 July 2009 at 17:55
The Income Tax Registered and Income Tax Payer Partnership Firm M/s. Inox Services has Three Partnes viz. (1) Late Shri. Jashwant V. Parekh (2) Smt. Surekha.J. Parekh and (3) J..M.Parekh ( H.U.F ). Neither any Sons Nor any Daughter were partner in the same firm. The Managing Partner of the Firm was Late Shri. Jashwant V. Parekh
After his death, The Company viz. M/s. Inox Services is in DORMANT condition i.e. The Company has NO INCOME, but there are expenses of Accountant for Finalising of the Accounts ( whatsoever ) and filing of the Income Tax Return on year to year basis.
As I am not agreeing to that expenses DUE TO NO INCOME, therefore, I would like to close the Firm by dissolving the same and surrender the PAN Card issued to the firm.
My Accountant Mr. Sagar after finalizing the Balance Sheet for the F.Y. 2008-2009,
If you have any suggestions , Please guide
A V Vishal
14 July 2009 at 09:24
Dear experts,
In a judgement, the court had held that the father cannot be joined as a party to a suit u/s. 138 in which he had issued a cheque on behalf of his son for the son's debt. I am unable to recollect the Judgement name and the court which had passed it. If any one has knowledge of the said judgement kindly post it here.
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