k r purushothama rao
20 June 2014 at 12:43
How safe to invest money in a trust to get a unit of sr.citizen accommodation.it is assured that the entire money will be refunded within 3 months from the date of vacation of the accommodation unit.the property will not be registered in investors name.
sachin
20 June 2014 at 12:37
Dear Friends,
I have purchased a flat from one of the builders in Mumbai. The agreement for sale on behalf of the builder (Prorietory Concern) was executed by his constituted attorney and a copy of the same was annexed to the agreement. Subsequently when I applied for bank loan to pay the balance consideration, the bankers realized that the power by which the constituted attorney has executed the agreement is incorrect as the Executants father was the proprietor and not the executant. Further now the executants father who was the proprietor of the builder firm has expired.
The bankers are not willing to advance the loan unless the transaction is legally corrected.
How the same can be achieved?
Please advise.
k r purushothama rao
20 June 2014 at 12:37
One of my close friend is requesting for furnishing a sureity bond for bail to his daughter.son in law has committed suicide in his parents house and now they have filed complaint against my friends family members.my friends daughter is already in judicial custody and her bail hearing is scheduled for tomorrow.for suriety i was informed that i need to produce copies of my property like sale deed.khata,tax paid receipt,address proof and ID proof.may i request to advise implications/repurcussions of such suriety.to my knowledge my friend and his family members are very descent and i really intend to help them in this hour of crisis.pl.advise.
Isha
20 June 2014 at 12:30
In a trust of 168 accounts (say Trust A), we have one account (say account X), in which a QIB has shown interest to invest. However, investment by the QIB in Trust A is not feasible since valuation of the account X as a part of the portfolio value is not feasible. In other words, while the valuation of the account X is possible based on the nature of underlying securities, the valuation of entire trust is not possible at this juncture due to the difficulty in determining the anticipated proceeds from the balance underlying assets, the expenses and the timelines. The transaction will be done in the following steps:
1.Assignment of Asset X from Trust A (managed by ARC) to Trust B (managed by ARC) at the agreed value say “M”.
2.Trust B will simultaneously receive amount M from ARC for payment to Trust A, and issue SRs (of face value of Rs 1000 each) to ARC (trust deed will be executed for the same) for the amount “M”.
3.ARC will transfer 95% SRs to the QIB at par value.
The following points may be clarified:
A.Legal validity of the proposed structure.
B.Compliance of RBI guidelines for the proposed structure.
Taral s Bharatia
20 June 2014 at 12:22
Inherited some shares before marriage. gave power of attorney to father in law and while opening demat account he added his daughters name without my consent as second holder. How can i fight this misuse?
Ashwani
20 June 2014 at 11:03
The facts of case is my grand father make a registered will on ancestral property in the name of my chacha’sons ,they are minor, its 75% area of total area . This ancestral property is register in the name of father of my grandfather. My grand father have only two sons and now my grand father and both son are expired.I am the son (32 years old) of elder brother (second son of my grand father).now my question is can I challenge a registered will in court ? and what is results of this case? If any land mark judgement on it plese provide. Thank you very much…
SAA_Bombay
20 June 2014 at 10:01
Dear Sirs, In our Society, one person has purchased two flats. both are for investment purpose. He has rented both flats. Now, we came to know that while purchasing flats he has made some alternate agreement with seller. copy of said agreement is not submitted to society. When we asked him he started a big fight that society cannot ask him for said agreement. Now, we want to know is there any law which forces the members to share details of flat with MC? Do MC has right that it can stop member by renting their flats?. what right does a investor has in society affair? Pls advice with sections, if any. Thank You.
maxmoon
20 June 2014 at 09:25
sir
i would like to know if i can lend 75000 to my friend on interest free basis.How can we show that in income tax filingwhen i receive back the same amount from him.
Aswathi
20 June 2014 at 08:53
Hi,
I am a hindu girl of age 25 and I wanted to marry a muslim guy of same age.As we are facing too much pressure from family and fed up of emotional black mail,we are planning to move out of India and settle down.But for register marriage we would like to know about the process.
As in India the process is like a notice will be put on both the village office of permanent address of bride and groom , we are very afraid to move forward with this .Is there any solution for carry on with a secret marriage. Atleast for an year we wanted to keep it as a secret .As I am stressed out of marriage pressure , we wanted to speed up this .
Please Suggest .
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Dv act
My wife has filed case under DV Act in 2007 with Domestic incident report or any enquiry
In 2009 the court ordered to get information about Protection officer as per sec 12 (i) of DV Act on my letter
In 2010 they brought letter from DM office that there is no protection officer and no investion could be done under Dv act.
In 2011 I got reply from DM office under RTI Act 2005 that there is no protection officer but CAW cell does the enquiry.
The case is still pending as the accusseds cross is going on.
My wife is delaying the cases by one or other means as I have produced so many legal evidences to prove that no cruelty has happened with her instead she has filed case with malafide intention
Can I move an application in court stating that she has produced incomplete and false information regarding protection officer to avoid investigation. What other cases could be filed for producing false information