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subodh   11 July 2008 at 22:42

Parttnership Bank Account Freezed by Bank on request of one partner .

Parntership Firm is having three partners. The bank accounts are to be operated by the signature of any two partners jointly as per partnership deed clause. One partner writes to banks mentioning that their is some misunderstanding and requests to stop account operations. The banks immediately freezes the accounts, accepts the deposits of cheques but dishonors the issued cheques with the signature of two partners. The bank intimates the other two partners after lapse of 3, 4, days period. The partner who writes to bank do not intimate the other partners.

Under the circumstances whether bank has acted correctly?

Will the firm be liable for 138 acion?

What is the legal remedy?

rajagopal KP   11 July 2008 at 18:10

opening a sex toys shop at bangalore cily

My known people are planning to open a sex toys shop at bangalore city. Is it possible? Or any legal problem is there? if legally this is possible, what are the procedures they have to follow?

ROHIT   11 July 2008 at 14:26

about demand drafts

i prepared a some demand draft from my savings a/c in dec 2006 in favour of a govt authority, but i never submitted to them as the reason for which it was made got dissolved. now after one and a half year i got all of them cancelled except one . this one bank is asking for a discharge letter from the said govt authority , now when they have not accepted it how can they issue a discharge letter.should i go to consumer courts or where...to cancell this draft...can a bank refuse like that ..for my own money ....should i go to consumer court

Dayanandan P T   10 July 2008 at 12:16

Law of limitation

Kindly advise any change in law of limitation for filing money suits and other civil suits before the Hon'ble courts in India.

J. P. Shah   09 July 2008 at 12:28

STRIDHAN UNDER SECURITISATION ACT

STRIDHAN AND OTHER BELONGINGS OF WIFE KEPT IN FLAT OF HER HUSBAND WAS TAKEN INTO PHYSICAL CUSTODY BY BANK OFFICERS WHILE LOCKING FLAT UNDER SECURITISATION ACT AS HUSBAND DEFAULTED. WIFE IS NO WAY CONNECTED TO BANK WHICH BANK HAS CONFIRMED IN REPLY TO RTI QUERY. SHE WAS DEPRIVED CUSTODY DESPITE REPEATED REQUESTS FOR NEARLY ONE YEAR. CERTAIN GOLD ITEMS ARE MISSING FROM THE FLATS DURING POSSESSION OF THE BANK. APPROACHING DRT IS NOT AFFORDABLE TO HER AS ADVOCATES ARE COSTLY AT THE CAPITAL OF THE STATE AND CAPITAL IS FAR AWAY FROM HER RESIDENCE. CAN SHE MOVE DISTRICT COURT FOR DAMAGES/CLAIMS ETC? HER CRIMINAL COMPLAINT IS PENDING IN LOCAL COURT. PL ALSO REFER SEC 17 & 18 OF THE RECOVERY OF DEBTS DUE TO BANKS AND FINANCIAL INSTITUTIONS ACT 1993, WHERE JURISDICTION OF OTHER COURTS IS BARRED ONLY FOR APPLICATIONS FROM BANKS AND FI.FOR RECOVERY. HENCE I THINK DIST CIVIL COURTS CAN TRY THIS CASE. I SOLICIT EXPERT GUIDANCE TO HELP THE LADY.

Dwij   07 July 2008 at 20:27

Incorporation of a new company

Hi,

I have filled Form 1A for name approval with me and my brothers as director.

It got rejected due to several reasons.

Now I want to change the Directors from me and my brother to me and my dad.

Along with this, I would be changing the type of business this company will be doing.

I have paid Rs 500 as a fee for this form already.

Do I need to file a new application since I am changing the director's name ? I have already tried twice and so I am left with one more try with this 500 rupees of mine.

Please suggest. Thanks.

Dwij

KamalNayanSaxena   07 July 2008 at 18:15

SARFAESI ACT - LIMITATION & REQUIREMENT

Is there any period of limitation to file application before Distt. Magistrate to obtain physical possession after issuing notice under S. 13(2) of the Act?

Should the SARFAESI COURT i.e. court of DM issue notice to borrower?

Please refer citations.

chander shekhar   06 July 2008 at 18:08

LEGALITY OF SIGNATURE VERIFICATION WHILE MAKING PURCHASE THROUGH CREDIT

DEAR ALL

Please tell me whether credit card company who is claiming payment for the unauthorised transations done on lost card charge slips of which have signatures which do not even resemble with mine. is the company right in claming payment against such charge slips. if am i liable to pay the amount for such transations. whether there is any responsibility on the part of the credit card company to verify the signature on the charge slips with that of the credit card holder.

thank you,

CHANDER SHEKHAR

Ambika.S   06 July 2008 at 17:42

motor vehicle accident

whether passenger in the vehicle insured is covered under third party risk?
There is a case wherein the passenger was traveling in Tata Sumo an accident took place and was greviously hurt. The passenger is claiming under the Motor Vehicle Act from the insurer as the said vehilce was insured by a insurance company for third party insurance.

b.sridhar   06 July 2008 at 13:17

merger of authorised share capitals pursuant to a merger

sir,
under companies act,1956 whether the authorized share capital of transferor company can be merged with authorized share capital of transferee company without payment and filling of requisite forms with ROC's.

please clarify