A building is vested in a society duly registered under Societies Registration Act. Only its governing body has the power to rent out its premises. But an ordinary member of its Executive Committee has unauthorisedly has rented out its premises and also has handed over the possession to the tenant by illegally issuing him the Rent Receipt.
Kindly advice the remedy available to the governing to undo the above-mentioned wrong.
Regards.
Member (Account Deleted)
20 July 2010 at 20:43
my client is a guarantor to an urban co-operative bank and the borrower is now dead. the bank is under liquidation. the property mortgaged with the said bank is of guarantor and its value is less than Rs. 20 lacs, which was the principal amount of loan.
now since the bank is under liquidation it is seeking to recover the whole amount from my client i.e. guarantor. the guarantor is ready & willing to deposit Rs. 12 to 14 Lacs with the said liquidator and in lieu of it wants to get his mortgaged property released. the liquidator is ready to accept this under the one time settlement scheme of RBI but he has two doubts which are troubling the onset of the said settlement :
1. Whether the one time settlement scheme, if any either of RBI or any other scheme of like kind, is applicable to urban co-operative banks ?
2. Whether the bank or any liquidator is legally permitted to liquidate the account below the principal amount. Is there any legal bar to acceptance of an amount as a full & final settlement of account below the principal amount ?
vishvas_deo
20 July 2010 at 20:18
What are swap agreements and the legalities associated with the same?
Anonymous
20 July 2010 at 19:55
Our father died intestate and I got unlisted shares of a co. as my share in December 2009. My cost of aquisition in this case is nil. What will be tax implication if I sell these shares now or after holding them till Jan. 2011.
Pl. advice suitably.
Praveen Kanungo
20 July 2010 at 19:26
A government company could not hold its AGM since the last 5 years due to non-completion of audit for 2003-04, due to which auditor for the next financial year could not be appointed by C&AG. what should the company do to regularies its working?
Can the AGM for all those years be held on single day?
How will the AGM be convened and held?
Whether there is any exemption to a goverment company for not holding the AGM on time and filing the annual forms?
thanks & Regards
Anonymous
20 July 2010 at 19:23
I am a Complainant in a Consumer Case and the hearing is concluded by the District Forum. I will be getting a copy of order soon for compensation etc.
What are the next steps that are required to be taken after the said order in hand.
The Order being ex-parte on account of absence of O.P., will it be my responsibility to serve the order to O.P. When and under what circumstance I will be required to apply for Execution.Pl. guide.
Gaurav Agarwal
20 July 2010 at 19:05
Is valid to print on the back side of Stamp paper? It is generally seen that the back side of stamp paper is generally kept vacant by lawyers.
Anil Kumar.K
20 July 2010 at 18:12
Sirs,
An employee's weekly off was shifted to another day and no notice in writing was given to the Employee, by the Employer.
The Employee was absent on usual weekly off day.
The Employer cut the salary for that day.
Pls advise as to whether it is mandatory for the Employer to give notice in writing to the Employee, directly, about the change of weekly off day or is enough to display in the Notice board
Anonymous
20 July 2010 at 18:05
My friend & his wife got married & than due to their internal problems they started staying separately within 6 months. My friend is not at all interested in living with her but the girl wants him back. So She filed 498A, 406 r/w sec 34 & included my name ( husbands friend ) along with him & his family. She has made complain to Nari Sanghatna & than filed case
of domestic violence also.
Since I am his close friend I guess the girl feels that if she keeps on harassing me, I will talk to my friend about accepting her or something like that.
But this decision has to be of my friend on his own, he ran away from that his house & got married to her than he himself left her & came back, they were all his decisions.
On what grounds can I prove that I have been falsely pulled into this matter. Please guide me
PRISONERS AND ARRESTED INNOCENT PERSONS COMPENSATION
NANDKUMAR B.SAWANT.M.COM.LL.B.(MUMBAI),ADVOCATE
MOBILE.9271971251,9960223100
e.mail.adv.nbsawant@yahoo.co.in
e.mail.nandkumarbs@sify.com
PRISONERS INCLUDE CONVICTED ACCUSED AND ALSO INNOCENT PERSONS ARRESTED MERELY ON THE BASIS OF DOUBT.
1 PRISONERS INCLUDE ACCUSED PERSONS WHO ARE ARRESTED ON THE BASIS OF DOUBT WHO ARE IN JAIL AND COURT TRIAL IS PENDING AND ALSO INCLUDE CONVICTED ACCUSED.
2.SEVERAL INNOCENT PERSONS ARE ALSO DUMPED IN JAIL AND AFTER COURT PROCEDURE ARE RELEASED AND ACQUITED.
3.EVEN AFTER RELEASE GENERALY THE SOCIETY DO NOT ACCEPT THESE PERSONS EASILY.
4.THERE IS A NEED TO COMPENSATE SUCH INNOCENT PERSONS WHO WERE DUMPED IN JAIL AND SUBSEQUENTLY ACQUITED BY COURT AS THERE WAS NO PROOF AGAINST THEM.
5 WHO WILL COMPENSATE SUCH INNOCENT PERSONS WHO REMAINED IN JAIL FOR SEVERAL DAYS/YEARS .THERE IS A NEED FOR SOME LAW PROVISION FOR PROVIDING COMPENSATION TO SUCH PERSONS BY FIXING THE LIABILITY ON THE PERSON WHO WAS COMPLAINENT AND FILED FALSE COMPLAINT AGAINST THEM AND ALSO COMPENSATE THEM IN SOME OTHER MANNER.
KINDLY COMMENT ON THE SUBJECT.