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Kishor Satpute   26 April 2014 at 21:21

Emd forfeited in failed auction under sarfaesi act 2002

The Earnest Money Deposit is forfeited as per the provisions of SARFAESI Act for failure to deposit balance of 25% amount of sale price by the Bank. My question is what to do with this forfeited amount?
1. Can this forfeited amount will be credited to Bank Profit and loss account?

or

2. Whether this forfeited amount will be credited to borrowers NPA loan account in respect of which the said failed auction property belonging to?


venkataramana shetty   26 April 2014 at 21:03

Reserved judgement

We have a case in supreme court of India.It is a voluntary retirement case. It is more than two months since arguments are concluded and judgement reserved. What are the implications of Judgement Reserved ? Tell us more about Judgement Reserved.

ROJA shree   26 April 2014 at 19:47

Can pio give reply in other language

I am residing in Tamil nadu. I have sought certain information under RTI act to KSRTC, TRivandram ., in a prescribed format in English only. But KSRTC, TRivandram (Public information officer ) had given me reply in Malayalam.

My question is

1) I do not know Malayalam. Wat remedy available to me under the provisions of RTI ?
2) Whether the reply given by KSRTC, TRivandram in Malayalam language to a query received from Tamil nadu is correct? If so under what provision of RTI ?

Pls guide me accordingly.

BISWARANJAN PANDA   26 April 2014 at 19:38

Format of appeal to sessions judge

WHAT IS A FORMAT OF APPEAL AGAINST ORDER OF JUDGMENT ACQUITTAL PASSED BY JMFC.
CAN I WRITE THE JUDGMENT PASSED BY THE JMFC IS INVALID AND

BISWARANJAN PANDA   26 April 2014 at 19:31

Assistant public prosecutors

WHAT ARE THE SELECTED QUESTION MAY BE ASKED IN THE WRITTEN EXAMINATION ON SUBJECT
DRAFTING OF PETITION , PLEADING ARGUMENT IN ASSISTANT PUBLIC PROSECUTORS UNDER O.P.S.C.

Suresh Babu Rai   26 April 2014 at 18:56

Suit for partition fo be filed by the granddaughter....

Respected Members..

My client is the granddaughter of one 'X', who had two sons. First is the 'Y' elder, second is the deceased father of my client 'Z', who died leaving my client behind him. That X has inherited properties such as movable and immovable through his ancestors. That X also have his self acquired properties. X,Y and Z so far has not partitioned any of the immovable and movables inherited through their ancestors. I have strong proofs that 'X' has purchased some immovable properties derived frim the immovable properties through his ancestors.
Now 'Z' died due to accident. Z and Y hatched a plan and denying the share of 'Z' in any of the properties such as movable or immovable. They even necked out my client, who is only daughter of deceased 'Z'.
I am intending to sue the X and Y through my client who is a minor (next friend).
Advice me suitably, the rate of succeed of the suit of partition.
Thank you one and all

Ankit Jain   26 April 2014 at 17:58

Earned leave under bombay shops & establishment act

Dear Gentlemen,
My name is Ankit jain and I am working in a company in Ahmadabad which is registered under Gujarat S&E Act (as reference for Bombay shops & establishment act ). The company does have policies and procedure w.r.t functions (HR) and my job here is to make, review and execute HR Policies after getting the approval from the board of directors. The issue which I am facing is, as per B S&E Act , an employee working for min. 240 days is liable to get 21 Earned Leaves, as directed in the law.
Summary of leaves :
EL:21
SL:7
CL:7
National Holiday: min 4
I have advised the same in the policies, but concern persons are not ready to count these 240 days in probation period of employee (3 or 6 months) after employee get conform in the company and not giving earned leave to employee after successful completion of probation period. As per them, employee will be entitled for EL after probation period only or employee EL leave Cycle will be counted after probation period completed on pro rata basis that means he is only getting entitlement of SL in probation period.
My only concern is that:
1. Whether the number of days worked done under an employer within probation period should also be considered in those 240 days after which an employee is entitled to get Earned Leaves or not.
2. What are the consequences will be faced by the company if they are not considering probation days for entitlement of EL once the candidate will be confirmed in the company.

Please guide me over the subject. The company is also not ready to provide compulsory leaves on national Holidays and the days of Polling in Ahmadabad (30 April 2014, despite strict notification of Election Commission). please explain me the consequences of these due negligence of these acts as well as penalties advised by the Law.

NITIN PATEL   26 April 2014 at 16:52

In partnership firm name can use word "india"

Dear Sir,
My firm is partnership and i will goes to registration but my CA tell me some problem using some keyword like...

XYZ INDIA EXPORT

Please tell me can i use "INDIA" IN MY FIRM NAME.

CA SAYS if you use INDIA it is a long process
at most 6 month and also vary expensive and also says in future u will may be not get benefit from government.

and how many authorized capital required in import-export firm and also if i use "INDIA" word in export firm required capital.


and tell me how long processed?

Thanks

Ravindra Tribhuvan   26 April 2014 at 15:47

Partial power of attorney

Is that possible that for one single project can i give 1. right to develop to one person and
2. right to sale to another person

OR

In other words for any work/ action on behalf of me can i give partial power of attorney to two different persons.

Kindly reply

narasimharao   26 April 2014 at 15:19

Bank sale property

I have purchased a SBI bank action property. SBI bank was given 600000 Rs lone/due on that property as on date. Anther three persons are given mortgage lone around 1500000Rs/- and some out side dues on the owner of that property. And that persons are approached to court. I have purchased the same property 2850000Rs/- in the action conducted by SBI, they deducted their due amount and reaming amount was handed over to court.

SBI authorized officer was register the same property on my name and committing in registration document " The sale of schedule property was made free from all encumbrance known to the secured creditor ".

But till date in EC certificate the mortgage due is live. And i am going to sale the same property the EC becoming main problem to me. Place suggest me how to clarify the same.

Thanking yor sir