Herald
21 May 2014 at 21:52
Hi,
I have registered a house property in Chennai last month purchased through bank loan. When the bank people approached register office for original documents, they have intimated that 47A is pending.
Could you please help me in clarifying what it means and what do I need to do to resolve the same.
Thanks in advance
Herald John
Venkataraman
21 May 2014 at 21:20
Andaman & Nicobar Islands have no sales tax liability and any thing can be sold without any sales tax. However sales tax office is functioning for registration under the Central Sales Tax for inter-state purchases at concessional rates.
The registered dealers have to submit a quarterly returns of their purchases (using Form C declaration for availing concessional rate of tax).
My questions are: 1.Are penalties leviable on the delay in submission of quarterly returns?
2. Are penalties leviable on the non-submission of said quarterly returns in time?
3. Does the failure to submit the quarterly returns empower the authority to cancel the registration?
4. Is there any minimum and maximum penalty for such offences quoted above?
5. There is no loss of revenue in the failure to submit the quarterly statements of purchases from other States (inter-state purchase). There is no breach or misrepresentation of any material fact in this case, I believe. In these circumstances is penalty leviable by the authorities?
I welcome answers from members. I will be glad to have the relevant provisions of law in relation to the submission of quarterly returns of purchases (for which Declaration Forms C is issued). In case any case law is available in this regard, it will be most welcome.
priya
21 May 2014 at 20:25
Hi,
My father is 64 years old and he has lost his job and staying with me. I am his only daughter and i am doing MBA. I am married and i have a kid. My husband is the only bread winner now. My father has credit card due around 6.80lac (that's what the collection agent told me. even for a single penny he is depending on us now. Already we have paid close to 5lac of his outside debts
.(not the bank debt), Now we dont have anything to pay to icici bank and the bank's collection agents are continuously harassing my mother and my father and using abusive language over the phone. We dont have record option in our phone to record their calls. Now the agents are coming home and harassing us. We really dont have money to pay for settlement. I dont know what to do now. It has already caused lot of problems in my married life. i dont know how to make them understand that we dont have money. please advice how to handle this situation. I'll really be grateful to you all.
JEGADEESAN
21 May 2014 at 20:09
Dear Sir,
I wish to clarify a doubt regarding Corporate law.
What has been said in the Rule 14,15,16 of the Companies Act 2013?
How should be the witness details under rule 13 of Companies Incorporation rules 2014?
Amrit Dubey
21 May 2014 at 19:55
Dear Sirs,
I have parked my bike infront of my office in Delhi. It was parked in the parking zone. The Handle lock of my bike was not locked and hence, police took my bike from that area as to ensure that the same shall not get theft. But subsequently the police is denieying to give me the possession of my bike on the grounds that the same is not in my name.
Exactly this bike I have purchased on the name of one my friend to get finance easily. now my that friend who is the original owner of the bike resides inn Canada. and also I am not inn regulalar contact with him. But there is no any case of criminal nature on this bike.
Plz suggest acordingly.
sumanendra nath
21 May 2014 at 19:41
mY COMPANY IS REGISTERED UNDER THE SAID ACT. HOWEVER THE TENTATIVE TIME OF COMPLETION GIVEN IN REGISTRAION HAS PASSED AND WORK NOT FINISHED.WILL HAVE TO REGISTER AFRESH OR SIMPLY INFORMATION TO REGISTERING AUTHORITY WILL COUNT?
S.NATH
SAI
21 May 2014 at 19:38
Can anybody provide me solution to end the problem that i actually came across..............
There is a individual who invested all his assets in a Rice Mill of worth Rs.8 crores (approx.) in the year 2011.Then the business continued for 1.5 years continuously. Suddenly the business lacks working capital due to abscondance of cash by the person involved in construction, who was the friend of the individual in the 2013. There is no specific evidence to prove the fraud. Thus, the business discontinued. On the other hand, as there is no profits, the bank debts (neither the principle sum nor interest) of Rs.4 crores(approx.)could not cleared as there is no cash availability. As the business organisation is not paying any sum to bank. The bank considered the debt as NPA and is going to conduct auction on or before 06.06.2014.All the assets were struck in the bank as securities for the loan whereas the individual has Rs.4 crores of bank loan and Rs.2 crores of unsecured loan.
Banker valued the mill value for Rs.1.63 crores and other securities for Rs.60 lakhs only whereas the valuation report by the Approved valuer valued the mill for Rs.5.35 crores (approx.). There is a heavy pressure from the creditors as the auction amount does not cover their debts.
Please provide a probable and suitable solution for the above query.................
Prashant
21 May 2014 at 18:59
Hi
I wanted to ask if bond money submitted to secure bail is refundable or not?
Thank You
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Caveat
Sir/Ma'am please enlighten me with the info regarding the caveat and the time limit to file a caveat in HC from the date of obtaining an order from the lower court i.e ., Senior Civil Judge in the Suit for Declaration.