harjaspreet
02 November 2015 at 12:40
if an indian company and a company incorporated in hong kong are entering into an agreement, then the governing laws should be of india or hong kong.?
and what about the jurisdiction also?
nitinsharma
28 October 2015 at 16:07
Dear,
I have used a credit card of a bank, but did not make payment as I was unemployed for than 1 year, now I am working but have few other debt on high interest. I want to clear other debt instead of bank, I want 1 more year to clear bank debt (it is only 30-thousant), but these days bank person or bank agencies calling me, and they scold and trying to scare me for legal action.
Please let me know, what can I do if they scold and scare me. And what action they can take against me.
Regards,
ashok kumar khushu
28 October 2015 at 10:12
IS ICICI BANK A SCHEDULE BANK TO UNDERTAKE BANKING TRANSACTION UNDER BANKING COMPANIES(ACQUISITION AND TRANSFER OFUNDERTAKINGS) ACT,1980
Sanjay Kulkarni
26 October 2015 at 22:56
Friends, I need advice/opinion on following situation. A father had taken vehicle loan from a finincial institution. He had given auto debit authorisation from the firm account. He died before the vehicle was permanently registered.His widow and 3 sons continued the family business. The repayment of loan is continued from firm account. Vehicle insurance is discontinued as per advice/ill advice by insurance agent. The legal heirs wants the outstanding loan to be transferred in the name of anyone among them. The financial institution is refusing to transfer the debt and asking to repay loan in one go. The legal heirs are deprived of using the vehicle.
What remedy available available to the legal heirs? Is the stand of the financial institution correct?
nizam
24 October 2015 at 22:57
sir
my name is nizam from keral.me and my friend started a partnership textile firm in 2010.we started a joint current account too.unfortunately the company closed up in the initial stage itself.we just wrote in 100 rupees stamp paper that the company is closed and there is no liabilities between us or outside regarding this company,and we both signed.the account we opened was automatically closed in 2013.but the cheque book was with my partner.now in 2015 he is threatning me saying he will forge my signature and he will also sign and present in bank through a third party writing a huge amount.please advice me what to do.
Nihal
23 October 2015 at 01:05
Hello Sir,
Please help me to provide the information as soon as possible.
I have dropped my papers in the present company(10 days ago) as my dad is unwell and needs to get the treatment done in Hometown. I asked for the early release from my company but my Manager denied. I said that I am ok to buy out for the early treatment of my father( I also have about 15 days of vacation leaves which can be availed too) for which they denied too. Just about 7-8 days ago, I got through a company but I have not got the offer letter yet. Most probably after 27th of Oct will I get the offer but somehow my Manager got to know this and he thinks that the reason of my resignation is due to the new job and not my father's treatment and he said that the matter will be taken seriously and will be taken over with the HR but my actual reason for resignation was my dad's health. Also, he tried to get all the information about the company from me and the tone he speaks me with, is bad and sounds like he would terminate me.
Please help me as I do not know how could a Manager act in this way.
Please note I have 4 years of Work Experience in this present company and a termination letter would mean end of the world to me. During the tenure with this company I worked very hard and put in lot of efforts but my efforts have been in vain as they did not give me a promotion or hike.
atul s mehta
21 October 2015 at 13:45
Our company was taken for liquidation by unsecured creditor in the year 1999 By order passed Gujarat High court,Ahmadabad.(Ex-Party)
Now we have put a application in the same court for Revival of the company so that liquidation order can be set aside.(under section 391-394)
We have negotiated and settled with all creditors, secured and unsecured and also made part payments and taken settlement letters.
Also we have met the official Liquidator and shown our willingness to pay full payment of their dues towards expenses.
Official liquidator is holding a land belonging to the company which is valued much less than the amounts payable to the creditors.
We are interested in settling the dues so that if the liquidator sells the land the proceeds will not be enough to clear all dues and as we have given personal guarantees which can be evoked after the short receipts from sale of land.
While our application is pending in High court for order which is taking time.
We need to make balance of due full payment to creditors as per settlement time frame commitments otherwise as per settlements the settlement done can be cancelled by the creditors.
Now basically what we need to know.
1) Can we make all payments and take no due letters from all creditors while our application is due in High court.
2)Suppose all payments are made and there are absolutely no due and no claimants then what is the status of the company.
Kindly inform status and inform if any good Advocate available in Ahmedabad on the subject matter.
Best Regards
Atul Mehta
Puneet Kumar
20 October 2015 at 12:19
Hello Concern,
I am a recruitment consultant and we had purchase an yearly subscription of Monsterindia.com databse subscription.
The database was too much old and thus we asked the monsterindia to end the subscription.
They are now asking us to pay the amount in full or face the leagal action.
Please help if there is any way out as if we don't like the service then also we needed to pay.
Thanks & regards,
Puneet.
JS
18 October 2015 at 10:27
Dear Sir,
I wish to clarify some doubt regarding Contract with International Companies.
i.e. M/s. BM Co Pvt Ltd(Indian Co) executed some agreement(According to Indian Law & did not register with any authority) for Franchise with BM USA Inc(USA CO)For that the Indian Co Paid some amount in advance.Suppose the USA Company will not do/fulfill the terms as agreed whether the Indian Co can claim the amount or suit any case against in Indian Courts ?
If not what is the alternate way to get the money?
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24x7 ites operations
Hi,
The shops and estabilishments act state that women cannot work in the nights, is there an exception for BPO ( ITes) industry, also do we need any specific permission other than shops and estabilishmets registration for operating 24x7