Buvaneswari
09 June 2009 at 11:49
Respected experts,
some of the Microfinance institutions (MFIs) in Tamil Nadu registered under Company's act or Trust Act that operates as Non banking finance company are undertaking insurance business (i.e. micro insurance). Instead of insuring their clients in insurance companies, they developed their own insurance product specifically to their clients and covering the risk(i.e. called as in house model). As per IRDA's rule, 100 crores capital is must to start insurace business. Is there any legal regulations for the MFIs to carry out microinsurance business? If so, plz tell about the requirements to be submitted by MFIs.
Thanks..
Perumal Prabhu
09 June 2009 at 11:08
Sir/Madam
what are the steps that has to be followed when there is change in constitution of partners in a partnership firm
(Eg. A,B & D entered into partnership deed and formed a firm. after 2 yrs B&D retired and X, Y became new parters of the firm.)
Should the firm be reregistered again?
Please give your suggestions.
S Kalyanaraman
08 June 2009 at 17:01
What is the legal position in Tamilnadu on stampduty on slumpsale?
Gopal Krishna Behera
06 June 2009 at 07:28
What is the co-extensive liability of a gurantor under the Contract Act?
sardul singh
05 June 2009 at 16:53
After death of Karta of HUF, the property of HUF was partitioned between the brother of Karta and legal heirs of Karta. And under the partition deed one of the business went to wife and 3 sons of Karta. Now, can these legal heirs become partners under a partnership deed to carry on the same business which was earlier carried on by the Karta of the HUF?
sardul singh
05 June 2009 at 16:38
Can two partnership firms join together to form a Joint Venture? Is there any legal impediment?
sardul singh
05 June 2009 at 13:02
Can a HUF be converted into a Partnership firm? If so, what are the formalities?
Dhrumil
04 June 2009 at 22:51
Section 297 is applicable if the transaction is between private company and public company or between two private companies.However, section 297 is exempt if the transaction is between two public company. i want to know reason behind it.
Rajarshi Ghosh
04 June 2009 at 13:17
Company Name: AGPL Pvt. Ltd.(AGPL)
Background of the case: AGPL was incorporated on 20.01.2007. The main object of the company is trading of various kinds of goods. The company has, in the financial year 2008-2009, given unsecured loans to 3 individuals for Rs. 500,000/- each at an interest of 12% p.a. AGPL is neither an NBFC nor did it apply for the registration in the F.Y. 08-09.
Query:
1. Whether there is any restriction under Companies Act or any other law for the time being in force whereby a private limited company is restricted from giving personal loan as stated above.
2. If there is a restriction, under which statute is it
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Stock BROKER Company (Private)
Dear All!
Please , tell me all the laws & provisions applicable in a Stock Broker Private Company.
Please, tell the procedures for incorporating a Company.
And Legal Documentation etc.
I will be highly grateful to you.
With Best Regards