i would like to know whether in case of winding up of a company the dues of the saletax authorities under section 53 of the M.P commercial act 1994 will have first charge or the dues of the secured creditor will have first charge.
Dear All,
After a long gap in sitting with you all i find real pleasure. Sirs, i don't know when this era of sagging economy would end itself. Due to the present market meltdown i have decided to change my profession and to restart it as a business lawyer (or junior law advisor)in any organisation where there is a specific legal department or in any reputed legal firm. At present i have been working as a semi company secretary cum in house legal executive in a real estate sector. I perform all the compliances of corporate laws applicable and business agreements also; like property management agreement, cost allocation agreement, lease agreement etc (but i have not yet been registered with any court). Is there any positive job prospect for me in this market? Kindly advise. Is registration with court is a mandatory?
I shall egarly waiting for your guidance.
Regards,
Asish
Sub : Procedure to start a Computer Training Center in Karnataka
1. How to start a Computer Training Center in Bangalore?
2. What are the procedure to get approval from Government of Karnataka
Hi All:
In continuation of my earlier query, I would like to clarify that we already have an MoU in place for a proposed sale and purchase of property.
The MoU states the parties' wish to execute the sale -purchase transaction at a certain price.
I would like to ask you all experts that as I understand there has to be an agreement to support such an MoU. In such a situation, what terms & conditions should the agreement (following the MoU)have?
Regards
I will be highly obliged if some body tells that What is the precedure of voluntary reconversion of Section 25 Company in to Private Ltd Company so that it can distribute dividend .
What are the form to be filled up and whre to besubmitted.
Sanjay Bhattacharya
sanjaysonton@yahoo.co.in
Hi friends can u please guide me with the procedural and documentory requirements for registering an Architectural Firm.
I HAVE PAID RS. 20000/- TOWARDS PREPAYMENT ON MY HOUSING LOAN A/C.AFTER RECIEVING THIS THEY KEPT THE SAME FOR WEEK AND COLLECTED FROM BANK ACCOUNT WITHOUT ACCOUNTING IN MY NAME. THEY ARE NOT ISSUING RECIEPTS FOR THE PAYMENTS, INSTEAD AND LETTER SHOWING THE DETAILS AND BALANCE AMOUNT PAYABLE TO THEM.IN THE ABOVE CASE THEY HAVE NOT ISSUED THE LETTER AND I SUSPECT THEY HAVE MISAPROPRIATED THE CHEQUE WITHOUT RECIPTING IN MY NAME. WHEN CONTACTED THEY ARE NOT ANSWERING PROPERLY. PL. ADVISE WHAT TO DO.
SIR / MADAM
A COMPANY WILL BE CREATED TO PURCHASE WHOLE BUSINESS OF A PARTNERSHIP FIRM. NOW WHAT SHOULD BE WRITTEN IN THE MAIN OBJECTS / OBJECT INCIDENTAL OR ANCILLIARY TO THE ATTENMENT OF THE MAIN OBJECTS WHILE DRAFTING OF THE Memorandum of Association
THANKING YOU
SAMPAD
Hi. I want to know as to whether a Director of a Company (Pvt & ltd) have the power to file a legal suit in the event there is difficulty in obtaining the board of resolution. If so then under which section of the Companies Act and if not then under which section of the Companies Act.
If a director files a suit without a resolution being passed what are the consequences.
M.P commercial tax Act1994
The follwing is the provision of the M.P commercial tax Act1994
Sec. 53 : Tax to be first charge
Notwithstanding anything to the contrary, contained in any law for the time being in force and subject to the provisions of Section 530 of the Companies Act, 1956 (No.1 of 1956), any amount of tax and/ or penalty or interest, if any, payable by a dealer or other person under this Act shall be first charge on the property of the dealer or such person
Whether secured creditors can by pass this provision and can get their dues as first charge on the widing up of the company. Who will get the benefit of the subjection cl;ause in the act