Anonymous
07 May 2011 at 19:28
I HAVE A DOUBT IN MIND N I NEED UR HELP TO SORT IT OUT ENHANCE MY KNOWLEDGE OF LAW AS I M A LAW STUDENT.
'A'-'B'-'C' ARE PARTNER IN A FIRM
(a)B & C ARE HUSBAND N WIFE
(b)A IS A NRI
'B' WANTS TO RETIRE. N ACTIONS THERE SHARE OF PROPERTY OF THE FIRM.
A's MOM LANDS MONEY TO SUM FAMILY MEMBER 'X' AS LOAN/GIFT OUT OF MONEY THAT SHE HAS RECIEVED FROM SUM NRI,
THAN 'X' BUYS THAT AUCTION PROPERTY FOR HIMSELF.
IF A's MOM GIVES MONEY AS LOAN SHE DECIDES NOT TO TAKE ANY INTEREST AS 'X' IS A FAMILY MEMBER.
AFTER A 1YEAR 'X' PAYS BACK THE LOAN TO A's MOM.
AND MEANWHILE AFTER REPAYING SELLS THE PROPERTY TO SUMOTHER FIRM IN WHICH A's MOM IS PARTNER.
QUESTION::
1)IS IT LEGAL?
2)IF NOT UNDER THE PREVIEW OF WHICH ACT DOES THIS FALL?
3)CAN 'X'SELL PROPERTY TO FIRM IN WHICH A'S MOM IS PARTNER COZ SHE HAD GIVEN HIM LOAN/GIFT?
4)THIS FIRM IS THE SAME ACTIONED FIRM IN WHICH A'S SON 'A' IS A PARTNER,SO HOW DOES IT AFFECT 'A'?
5)DO LATEST PROVISION OF STAMP DUTY ACT,IT ACT ARE TAKEN CARE OFF?
6)AND LATER WHAT IF A's MOM WISHES TO TRANSFER THE SAME PROPERTY TO 'A' IN LATER YEARS,CAN A TAKE THAT ? BEING N NRI LATER CAN HE MAKE IT A PRIVATE LIMITED FIRM IN INDIA?
PLZ HELP ME SOLVED THIS CASE STUDY.
Anonymous
07 May 2011 at 15:03
Dear Mr. ramchandran.
My Leave and license agreement is for 11 months. Thanks for your prompt advise.
Regards
Supriya
Anonymous
07 May 2011 at 13:09
What is the current rate of Stamp duty applicable to Rent Agreement for residential flat in Gujarat, India ?
Anonymous
07 May 2011 at 12:53
sir can u plz help me in elctricity act ...that where does it apply n licenses n general provision regarding licenses n there authorities , procedure , termination n if its laps so what are the remedies n what are there offences n there penal provision n recent judgement....plz tel me as soon as possible thanking you
Anonymous
07 May 2011 at 08:27
the local municipality proposes to acquire land belonging to the railways for the purposes of road widening. Since land acquisition act is not applicable to the said acquisition how to determine the market value and also let me know how is the market value of government land determined.
niranjan
07 May 2011 at 01:35
I read followings are components of CVD u/s 3(1) of CTA:
BED, SED, ADD(T&T),ADD(GSI), NCCD, ADD(2003), Edu. Cess, SH Edu. Cess.
is there also any simillar components of CVD u/s 3(3), if yes, please specfy these components.
Thanks for answering my question
Anonymous
06 May 2011 at 20:41
My employer has challenged before the Hon'ble high the one reference made by appropriate government in state act and other time reference in central act which is absolutely illegal approach of the employer.
i want to initiate action against the employer. pl suggest me what to do as the reference was never made under the STATE ACT.
Anonymous
06 May 2011 at 15:23
If a Corporate entity has earned Profit on Sale of Shares,can this amount be deducted from the Net Profit as per P&L Account for the purpose of calculation of Grpss Profit as per Section 4 of the Payment of Bonus Act,1965
Anonymous
06 May 2011 at 12:44
Dear experts, please confirm the validity of the board resolution.
CCC PLOT & HOUSING PVT. LTD has one Managing director - Mr. YYY, one director - Mrs. XXX, person to sign the deed Mr. RRR
Board Resolution is signed only by Mrs. YYY
Thanks.
EXTRACTS OF THE MINUTES OF THE MEETING OF THE BOARD OF DIRECTORS HELD ON 29th APRIL 2011 AT 10 A.M AT THE REGISTERED OFFICE OF THE COMPANY
RESOLVED that the Board be hereby accord its consent for the sale of the Plots forming part of the larger Layout known as “AAA Housing Layout “ and re-named as “ZZZ” situated at _________ for the Company.
RESOLVED further that the Board be hereby authorize its Director Mrs. XXX, wife of Mr. YYY, residing at ______________________ of the company to negotiate, enter into agreement for Sale, execute the Sale Deed/s or any other documents in favour of any third parties with regard to sale of the plots forming part of the larger Layout known as “AAA Housing Layout” and re-named as “ZZZ” situated at ________________________ for and on behalf of the Company.
RESOLVED further that the Board be herby authorize its Authorized Signatory Mr. RRR, son of ______, aged about 57 years, residing at _________ to admit the execution of the said Sale Deed/s by its Director Mrs. XXX with regard to sale of the Plots forming part of the larger Layout known as “AAA Housing Layout” and re-named as “ZZZ” situated at ______________, present and appear before the said Sub-Registrar of Joint II, Chengalpattu or the concerned Sub-Registrar of Assurances, at all times and places as may be necessary to cause the said Sale Deed to be duly registered and to do all other acts that may be necessary to effectuate the said purpose.
RESOLVED further that the Board be hereby authorize to receive the said Sale Deed/s after registration and to give a receipt therefore to such person or give such authority in relation thereto as may be necessary in this behalf
- Sd -
Chairman
Certified True Copy
Date: 03.05.2011 FOR CCC PLOT & HOUSING PVT. LTD
Place: signed by Mr. YYY
Managing Director
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Reg:Sighning of agreement of deed&power of attorney
Dear Sir
We are three brothers and our father has already expired.Our mother is alive.We have
no sisters.We have all decided to allow a
builder to construct a multi-storyed residential complex at our land in a prime
location in Bhubaneswar,Odisha.
Before we sign the agreement for devolopement deed and power of attorney what we need to do for our safety?The Putta
is Stivan and in the name of my father.For
pension we had issued a legal heir certificate in our mother's name.Do we need
to mutate our property in our individual name or if we mutate our property in our mother's name it will do.For our safety from the greedy builders kindly advise us
what we need to do in my Email ID#swarajdas
@yahoo.com immediately please.
Regards.