Law Aspire
27 December 2016 at 12:30
This query is pertaining to SARFAESI Act.
When the Bank takes action under Section 13(4) nd aggrieved by this borrower approaches DRT. On this application DRT passes any order in favour of Borrower.
Against this Order whether Bank can file an appeal to DRAT ?
Does the Bank will be required to pre-deposit 50% of the amount Claimed in this particular situation?
Biswajit Shewlee
26 December 2016 at 20:30
Can you let me know if an employee has worked for 6 yrs 6 mths & 9 days then he is entitled for 6 yrs or 7 yrs Gratuity.
Dushyant Pandya
23 December 2016 at 14:14
What are the Powers of the PoA of shareholder and defined under which section or rule
Up to what extend the PoA act and deal with the company on behalf of the shareholder
Please help and/or advice for better clarity
Hari
20 December 2016 at 19:51
Dear Sir,
We have a partnership firm which was incorporated in 2015 and doing online selling business in Chennai . We are four partners in the following shareholding pattern-30/30/30/10. One of our partner was managing the business who is holding 30% and getting a fixed salary all others were not seriously involved business were not paid any money as the income was low after adjusting the overheads the abovesaid partner1s salary . There were no investment made by the abovesaid partner who was getting salary but the other partners put some capital in the initial stages .Although the agreement clearly stated Rs 25000/pm as salary to abovesaid partner were actually getting Rs 80000/ per month . Now due to the misunderstanding( he has parrelly started an another organization without our approval in the same premises ) we want to remove the partner ( all other 3 partners are in agreement ). Kindly advise us on the following
1. How can I remove this partner ?
2. Can we do it without dissolving the partnership firm and retain the same name
3.If we have to dissolve the firm , are we laible to pay comensation to this guy
. What is the best possible solution in ur opinion . we want to get rid off this guy from our team .
4.Can we reconstitute the partnership and retain the same firm1s name without his consent letter .
Kindy advise
Hari
Syed Faisal
19 December 2016 at 07:55
I have been guarantor for loan ,which is ssanction 2014, bank has been invoke sarfaesi act against guarantor for residential house , bank is cooperative bank my question is whether sarfaesi act is applicable to cooperative bank
Advocate Kannan
17 December 2016 at 22:06
One of my client is a small real estate company, they want to receive FDI from USA. They want to form a special vehicle company for this.
I am not familiar with the above procedures.
I tried my level best through the google.
Please guide me what is the procedure for the above.
Advocate Kannan
17 December 2016 at 10:31
One of my friend who is an Advocate, is in the board of directors, as non executive director, of various companies.
Can any advocate be a a non executive Director of a public limited company?
Aryan
16 December 2016 at 17:13
Hello Experts!!
Please let me know can a public limited company (Listed) give Inter corporate loan (ICD) to a Pvt limited company as per Companies Act 2013?
Also let me know, what will be the scenario if the pvt ltd company to which ICD given is a group company wherein few directors are common.
Thank you!!
Startup Indian
15 December 2016 at 12:06
Hi experts
We are startup organisation of hotel professionals who manage the day to day running of hotels from the owners and run the hotel by paying a fixed specific fees to the owner of the hotel.
In order to take over such hotels we are funded by venture capitalists(VC) or any investor who believes in us.
As of now business is good and our investors are satisfied with us.
We also have strong legal paper work in terms of contracts with the owners and the investors through our lawyers defining operational and financial terms.
However dark clouds may descend anytime without our knowledge leading to a dispute between we hotel professionals and the VC's or investors.
Hence my query is that in the event there is a breach in terms of contract the classic litigation will involve around breach of trust etc.
But we personally feel that there could be other unforseen problems in addition to that which we may have over looked.
Therefore we would be very obliged if we can get some direction or advice from you esteemed legal professionals and if found useful or unique engage your services.
Hope you all take it in the right spirit and show us the right direction based on years of experience.
P.S We are not legal guys trying to get some info from you or so.
Thanks
© 2026 LAWyersclubindia.com. Let us grow stronger by mutual exchange of knowledge.
Shares allotment
a company where i had been invited as a investor , offered me a directorship with a 55% share holding , i was asked to pay twenty lakhs against two lakh share of Rs 10/- each. i paid the money through bank transfer , i got the directorship and registered with ROC.
i got two lakh of shares for which i paid the fee of 600 rs and on a board resolution and form pass 3 had been assured and allotted the shares. after three month i come to know that they are planning to remove me from directorship and they have not allotted me the amount of shares they showed and promised, i came to know that immediately after the allotment they filled a cancellation of allotment without my knowledge
what measures and action can be taken now against the act, please advice?