rocky
17 May 2010 at 19:31
IS FORM XVII APPLICABLE FOR SALE OF CHEMICALS IN LEATHER BUSINESS
sanjiv batra
17 May 2010 at 17:04
REGARDING TDS ON WORKS CONTRACT U/S 194C WEF 01/10/2009, THE EXPRESSION “WORK” SHALL ALSO INCLUDE MANUFACTURING OR SUPPLYING A PRODUCT ACCORDING TO THE REQUIREMENT OR SPECIFICATION OF A CUSTOMER BY USING MATERIAL PURCHASED FROM SUCH CUSTOMER. HOWEVER IT WILL NOT INCLUDE MANUFACTURING & SUPPLYING A PRODUCT ACCORDING TO THE REQUIREMENT OR SPECIFICATION OF A CUSTOMER BY USING MATERIAL PURCHASED FROM A PERSON, OTHER THAN SUCH CUSTOMER.
WHAT WOULD BE SITUATION, IF MANUFACTURING & SUPPLYING A PRODUCT IS DONE ACCORDING TO THE REQUIREMENT OR SPECIFICATION OF A CUSTOMER BOTH BY USING MATERIAL PURCHASED FROM SUCH CUSTOMER AS WELL AS MATERIAL PURCHASED FROM A PERSON OTHER THAN SUCH CUSTOMER.
THANKS
SKB
Anonymous
17 May 2010 at 16:48
If the director of a company opens a rival company in the name of his relative or family member is he liable for civil action?
Anonymous
17 May 2010 at 13:18
Hello eveyone,
I wanted to know if a foreign company has a wholly owned subsidiary in india and it wants to take a loan overseas from a foreign bank, can in such a situation in lieu of the loan there be a charge created on assets of wholly owned subsidiary in india. Is such an arrangement possible and under what provisions? IF yes, whether FEMA Regulations would be attracted in such a situation? Can a Esoppel Letter be issued by the WOS in India to the Foreign Bank??
gopinath.K
17 May 2010 at 01:15
received the reply to above subject in addition to which further clarification is being sought.
Pl. clarify thatthe was taken from some poor family on the third day of born and head of the family those did not have child since married gave record in his company purely central Govt as his daughter and provided the facilities of govt till his retiredment.presently the man says that she is not my daughter and the house she is living with her husband and chindren is being given to the boy related to his wife side and the is having father and property and maternal uncles.
legally valid and purely now orphaned should be given up.
Anonymous
16 May 2010 at 16:42
This is regarding a Private limited company that has taken a fixed deposit in the name of the director and also has taken a loan in the name of the company against the same fixed deposit
1)Can a company enter into such transaction? If yes than what are the disclosure required as a statutory auditor of that company under companies act and also under CARO?
2)If No than how should the transaction be recorded in the books of accounts of the company, should it be shown as a loan to director, if yes than how should the loan from the bank be recorded?
Anonymous
15 May 2010 at 12:52
I would like to know which provision of factories act cannot be set aside during emergency period?
rathindra das
15 May 2010 at 10:53
Dear Sir,
very good morning,
with reference Notification bearing no TPS 1899/290/CR-56/99/UD-13 dated 22/09/1999 issued by govt of maharashtra declaring villages situated in Taluka Mulshi, District Pune as "Hill Station", I have the following query which I would highly appreciate if you may confirm the follwoing|:
1. My employer company has purchased land admeasuring 1 acre in the said designated area and wishes to construct building on the said land. In this connection, I would like know,
what is the permitted area range with respect to the following:
a) BUILT UP AREA
b) FSI
c) ground coverage area
I would remain highly obliged and benefited if you may kindly clarify the above queries or in alternative direct me to the concerned person delaing with the aforesaid issues.
Anonymous
14 May 2010 at 17:32
Hi,
I want to know whether a charge on land,building etc assets of an Indian SPV can be created in favour of a foreign lender?Whether an indian entity can be roped in as a trustee in the transaction?
The structure is as follows:The Indian SPV is having controlling promoter/sponsor entity in Mauritius/Cyprus.The lender is extending longterm loan(ECB/Structured long term loan) to the Mauritius/Cyprus entity.The underlying assets which will be required as collateral,mortgage are physically located in India.The foreign lender will require comfort in terms of charge on indian project assets of the indian SPV and appoint a trusteeship company as a trustee towards the mortgage/charge.Whether such a legal transaction is possible as per our regulatory laws?Which laws will be applicable to the same? Please help
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Firearm Licensing Authorities are asking for NSC deposits
Opinion of learned experts of forum is needed. It has been experienced by a number of firearm license applicants, especially in states of Uttar Pradesh and Uttaranchal that the licensing authorities are verbally asking to purchase National Savings Certificates worth Rs 50,000 per firearm endorsement on license. Apart from NSC, they also ask for amount towards red cross etc. If one does not comply, then practically it becomes next to impossible to obtain firearm license, since licensing authorities have practically unlimited discretionary powers under Arms Act 1959 to deny, delay or cause various kinds of hardships. It appears they are exploiting the need of self defense of people and kind of blackmailing and forcing them to comply. In my opinion, at least they are trying to circumvent Indian Arms Act 1959
CHAPTER III - PROVISIONS RELATING TO LICENCES,
14. Refusal of licences
(2) The licensing authority shall not refuse to grant any licence to any person merely on the ground that such person does not own or possess sufficient property.
Are they trying to cleverly bypass this clause by asking to deposit money(movable property) after the grant of license? What is practical solution to this problem, since nowhere their "demand" is in writing?
Please read the following to get complete picture of the problem as experienced by people at the following: http://www.indiansforguns.com/viewtopic.php?f=4&t=9669&start=0 and http://indiansforguns.com/viewtopic.php?f=4&t=9434&start=0