pooja dedhia
22 May 2012 at 17:35
The buider has to get the IOD For going to redevelopment project.
What is the full form of the IOD? WHAT IS STAND FOR?
Who issued this IOD & TO WHOM –Is it issue to the original landlord or the redeveloper?
Is it mandatory to mention the sanction floor?
If IOD do not state the sanctioned the floor,what does it meant?
If on a particular land, if there are 6 landloard are staying there,and 90% of land has been purchased by the builder & 10% of land is possessed by the former land lord,can builder has legally construct the premises on that? 10% holding landlord has entered I to agreement of dev, how it will impact in the future if there will be dispute bet 10% holder & the builder?
Rucha Pawar
22 May 2012 at 13:12
SIR(S)
we have done visar pavati , accordingly on tomarow's date we were suppose to prepare sathe khat but due to some reason we are postponing the same , does it make difference legally as we have not mentioned in visar pavati the consequenses of the same if not done in time what option we have , shall we give in written to owner of the same. or this visar pavati stands invalid if sathe khat not done in time .
please guide
thanks
SANJEEV KHANDELWAL
21 May 2012 at 13:08
AS PER SPE (CONDITIONS OF SERVICE0ACT 1976, IT IS MENTIONED IN SEC 4 "LEAVE" POINT NO 1.(a)earned leave on full wages for not less than one-eleventh of the period spent on duty. PL CLARIFY THAT E.L. TO BE CALCULATED BASED ON 365 DAYS OF THE YEAR OR EXCLUDING 52 SUNDAYS.
KHANDELWAL S.
kavksatyanarayana
13 May 2012 at 11:26
Expert Sirs,
A Memorandum of Understanding(MOU) is executed between two parties viz "A" and "B". A(1st party)is an individual person. But B(2nd party) is a Managing Director of an Educational Society which consists more than 7 members in the society. But in fact it was not mentioned in the deed and simply written as MD of an Educational Society. And the said Educational society consists Nursing school, training institute and hospitals. It is recited in the agreement that:
(1) the first party"A" is willing to take over the nursing school, taining institute and hospitals after paying its deeds and hand loans shown by the 2nd party in maintaing the same till date.
(2) the second party "B" is willing to handover the same by withdrawing all members from the society and allowing the required number of members to be admitted as members in the society by the resolution of EC and GB of the society and by handing over the documents and properties of the society to the first party "A".
(3) the 2nd party agreed to clear all the liabilites before the date of registration of this MOU and if necessary or urgency the 1st party to clear such payments and the 1st party is having every right to recollect the same from the 2nd party, with other conditions.
with the above recitals, please let me know that the above MOU comes to which classification/nature and payable stamp duty. please give valuable opinion.
thank you experts.
kavksn, SR/Supdt(retired), kavksn@india.com
sachin
13 May 2012 at 10:36
Dear Sir/Madam,
As per bye-law 110 of the Bye-laws of the Co-op Soc registered under the Maharashtra Co-operative Societies Act, 1960 "No resolution can be brought up at the General Body Meeting of the Society cancelling its previous resolution unless 6 clear months have expired after passing of the previous resolution"
Can a Co-operative Housing Society modify the resolution, if not cancell the resoultion, if it is not achieving the objective aimed to be achieved?
If the answer is "YES" can you please help me with the decided case laws?
Regards,
Sachin
Nazish Irshad
11 May 2012 at 10:53
Is there any provision in India under foreign exchange act/notifications which does not allow hedging against currency fluctuations within the contract itself?
Natasha Khanna
10 May 2012 at 13:08
can some one provide me with the site(s) from where I can access the sachar committee report (1979), Patel Committee Report (1986) and Abid Hussain Committee Report (1989) on INSIDER TRADING? ITS URGENT
Sameer Apte
09 May 2012 at 15:02
I want to start a small mobile kitchen service, through which we want to provide food to people. This Van will go to various residential societies two times a day. The business is to be started at Maharashtra , Pune. and would like to understand What are the licences, permissions, regulations will have to be obtained for this from the government/ municipal system/ authorities. Kindly guide on the same.
Regards.
Anamika
08 May 2012 at 18:14
Hi All,
We want to file a derivative suit upon a Company as we are the shareholders of the same. We were the directors however they removed us U/s 284 of the Companies Act.
We want to file a suit upon the Company in the capacity of the shareholder.
Is Derivative suit the correct type of suit to be filed ????
If yes can I know the detailed procedure of such a type of suit ????
Can anyone please send me a format of the same ????
Thanx in advance.
Regards,
Anamika.
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Noc from the bank
Mr x wants to purchase the property from the Mr.Y which is mortgaged with the bank.
His bank has issued the NOC:--
We would like to state that the original doc namely title deeds and charge on the said property will be released in favour of Mr Y subject to
1) Clearance of over dues in bill discounting & term loan
2) Offer of security worth rs 2 lacs to bank by june 2011
And the consideration amount of rs 15 lacs received for the part closure of term loan.
Query:
# Please what it indicate abone para in simple language?
# is “charge” mentioned in above para means earlier has anything to do with no liability in future
# has bank has to mentioned the name of Mr y or mr x(who is given the earnest money to mr Y)
# is word id require to mention the “free from all encumbrance “?
# what is more weightage between following two words
1) Release
2) Free from all encumbrance
# when earnest money as a part payment given by the Mr X TO bank of Mr y,WHOSE NAME should be mentioned in the NOC ?
# what is the care should prospective buyer has to take?
# how can he secure his interest?
# what help can Mr x take from the Bank of the mr y?