Naveen Jain
30 December 2015 at 16:04
Section 196 contains separate set of disqualifications for MD/WTD Does that mean that Section 164 is not applicable to MD/WTD?
For eg even if a person is of unsound mind ( as contained in 164) he can still be a MD under sec 196
Tejasvi Redhu
30 December 2015 at 09:20
Hi I hv been working in Fis fr about an year now. I hv been sick in last 2 months. N last month when I was down with viral. I took 5-6 unplanned which are not encouraged here as its a bpo so my tl asked me to sign warning letter. I protested but he forced and convinced me to sign it. Last week I had cough and chest infection and I was advised by doctor to take rest and stay home. I texted my tl n informed him too. But after 3-4 days when I text him to ask about my pay which I fear might be held. He says that absconding ticket has been raised for me. I don't understand when he knew I am not well. How could he? My pay is now on hold and it seems my tl n my manager have harassed me.
vishal
28 December 2015 at 17:53
Hi Sir,
My father have took a home loan from Kangra Co Operative Bank (H.P.) in 2004 .And Not paid loan after 2008 or may be 2009 . So Bank has filled a case in a court . So Case is in Court .
Due to some incidence My father Met with accident in 2010 year, .And from that date he is in COMA stage . My Father is 70 % medically Unfit fit / Handicapped (report prepared By Medical Board ) . And we are in BPL category & no one is earning hand in My family .
We also submitted all the documents related to my father in bank branch. Branch persons are also aware with this accident .Also submitted Medical report at Court. Now case is in Court .
So can you please let me know is there any Previous judgement by Court/High Court/Supreme court for the Waive off of Loan . In Special Cases like accidental/Physcially Disable /or Below Powerty Line persons
But ,I want to know , Is there any procedures /sections to get waive-off of this loan or Please find or suggest any other alternate option for this loan which is a big burden on my shoulders.
Your Kind cooperation in this matter will be highly appreciated.
Regards
Vishal
Sheep
28 December 2015 at 17:16
We have placed an order on a vendor whose factory is located in Nepal.The vendor is not able to supply the ordered items owing to current political situation in Nepal.
Can we do risk purchase and debit the cost from the vendor's security deposit or the vendor can claim benefit of Force Majeure condition.
The Force Majeure clause is not mentioned in the agreement signed with the vendor
Basudev Munda
26 December 2015 at 11:23
I would be interested to know :Whether section 8- company under companies act 2013, allows us to receive grants/ donations from Government, private companies, Individuals and also from Foreign agencies ( under FCRA)for the works related to social work viz. non-profit in nature.
Also, about provisions of tax exemption in this act.
sanjeevkhandelwal
22 December 2015 at 17:08
Dear Member,
Let me Know the remedy on Partnership
Suppose A (Individual) and B (HUF) are partner in a firm. Firm itself assesses having PAN ,TAN & TIN
B (HUF) dies
what the further procedure for a firm
Can it run as usual coz die partner are Karta of HUF ( we Changing karta of HUF ) My opinion is that HUF can not die only partition are possible
Firm held only two partner one is individual and second was HUF
After die of karta of HUF partner can firm run with another member of HUF (as Karta ) with same PAN and TAN or it close Partnership firm with the immediate death of HUF Partner
Can partnership deed amended( taking New Karta of HUF ) or it make new one can avail new PAN & TAN no please suggest
Jayachandran
18 December 2015 at 10:08
My company is a fully owned State Government Undertaking wherein 70% of Share Capital is held bythe State Government and balance 30% by two State Government owned PSUS. The status of the company is 'private' and it cannot invite share capital from the public. Authorised Share Capital- Rs.20 Crore, Issued- Rs.18 Crore.
The company had received an amount of Rs.40 Crore from the State Government by way of budget allocation during 2014-15 as additional share capital. Pending steps to raise the authorised capital of the company to Rs.60 Crore, the above sum of Rs.40 Crore is shown as 'advance share capital' in the balance sheet for 2014-15. The auditor opines that the amount of Rs.40 Crore is application money and should be classified under 'current liabilities' in the balance sheet as per Schedule 3 of Companies Act 2013. Is the auditor's view correct considering the private status of our company and there being no liability to refund the share capital advance received from State Government otherwise than by way of shares which is held up due to the delay in raising authorised share capital to Rs.60 Crores?
tarun
17 December 2015 at 15:52
hello,
i am owner of a company and we offer to our vendors for work on our project in different areas, one of our vendor had been failed to provide us a bank guaranty documents, so we didn't sign any agreement with them but they did some work for us and collect some amount from market too, but the amount they didn't deposit in company and misrepresent the customer. we stopped the work but they are asking for money of work, but in agreement we mention (which they not signed) that amount will be given after complete of work. now they send us a legal notice for that amount, what i need to do? suggest me.
Rishab singh
13 December 2015 at 13:13
Sir,i'm giving cheque to my partner for the contribution of him in event as a gurantee that event is held.but my partner later not provide me all the cheques and now date he is claim for return the said amount of cheque.there was no agreement sign for the above discussed cheque and agreement of partnership between us.but in the permission granted from government authorities regarding events is the name of my partner.i'm only manged the event for them in every advertisement product his name was show with second my name .what was the suggestion for me sir in regarding of sec.138 and 139 of NI Act 1881.please help me sir.
My name is Rishab Singh.
Email id:-rishabthakur777@gmail.com
:-rishabthakur0008@gmail.com
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Bank operation
Sir,
We are a private Ltd. company incorporated under the company act 2013. Having 6 directors with following no. of shares
a) 4500
b) 200
C) 300
d) 1667
e) 1666
f) 1666
We took a resolution in a meeting where (a), (d), (e), (f) were present to open bank A/C with a bank and to be operated by (e) & (f) and they will be the authorised signatories for all transactions of the company.
Suddenly due to some difference of opinion (a) has intimated the bank to block the a/c.
Accordingly the bank has stopped operation.
My question, is it as par law is correct from the side of the bank to stop operation without getting any resolution of board.