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Arjun Jaganathan   22 July 2015 at 13:01

Finance company - lending loans by cash

My client is a registered Public Limited Company dealing in Lending loan & Receiving deposits.

Case:
My client states that he has lent Rs. 30,00,000/- (Rupees Thirty Lakhs only) to one XYZ person as "mortgage loan" by cash. The same is also registered by "Deposit of Title deed" which reflects my company name in the Encumbrance Certificate.

Question:
1. Can a Public Limited company lend loan by cash. If so is there any provision under law.?
2. Is there any limit under which a company is allowed to deal in cash. Is it a general rule that any cash transaction above 20,000/- should be dealt in Cheque/DD..?? or is there any specific Provision.??

s venkata ramana   22 July 2015 at 12:43

Request for best suggestion.

Dear Sir/ Madam.
I S. Venkata Ramana, have completed my LLB from Andhra University . Before LLB I have done MBA in Human Resource and now I was working one Manufacturing industry . Now I would work in government organization and I would to know what the scope of getting the government. Is it is need to work with any Law Forum if so, please Help/suggest me one of the known Law forum for.

Ashok   22 July 2015 at 12:40

Cancellation of lease deed

Hi, Our uncle had sold a land which he acquired as mortogaze from land owner, which has no registered mortogaze note or any evidence showing that land was morgazed. He has only original sale deed.

While selling this land my uncle sold this land on the name of original land owner by creating ID proof and registration done at Hyderabad.

Actually that land was already sold to another person Mr.Kamesh by that time.

Later my uncle got threaten calls for impersonification and settled issue paying 3 times more than he sold with the broker in between and asked cancel the registration.

After 1 month of this, now the actual land owner is requesting to appear my uncle before regigstrar to cancel the sale deed.

Does this bind my uncle legally? Suggest the needful in this regard as he is poor and lost almost his wealth at the age of 65.

Regards
Ashok.








Priya Antony   22 July 2015 at 12:38

Anticipatory bail

A non- bailable criminal case was registered in District A against the accused, and the accused came to know about the criminal case against him in District B. Can the Court in District B in whose Jurisdiction the accused is physically present grant interim anticipatory bail?

Agnibha Chatterjee   22 July 2015 at 12:26

legal

What's gonna happen if leading questions are asked during examination in chief ???

vaibhav jain   22 July 2015 at 12:17

Information technology

Q1. Can electronic recordings of a video camera be seized & can application to high court can be made in this regard?
Q2.Can main system attached to video recording be also seized or inspected?
Q3. Will application lie on or before the date of Presentation of evidence ?
Q4. Can deleted data be recovered ?

Goutam Paramanick   22 July 2015 at 12:04

Unmarried-less qualified-unmarried -aged sister is dependent or not

I have only one sister who is less qualified, unmarried, aged and unemployed. My father is retired jute mill labour.My mother is a house wife. I am a govt. employee. All are living under the same umbrella. My wife has filed an application under Sec. 125 Cr. P.C. At the time of evidence she has told that she is dependent on her husband except her father-in -law, mother in law and sister in law as she is fully unemployed lady. But she has passed BA (Honours) in Bengali from Calcutta University and MA from Rabindra Bharati University. My question is that only my wife will get maintenance and my aged-ailing parents and the said sister will not get maintenace.

Akhil Ashokan   22 July 2015 at 12:04

Addition of a dependant to a civil case as the 1st def died

My father( govt servant )took a loan from a bank with one of his co-worker as guarantor. As he lagged in repayment, the bank filed a case against him and his guarantor.. Thereby the case is intiated, after a few months he passed away and as his dependents and legal heirs we got a notice that they are adding our name also in the case. As I am a student, my mother is house wife, my sister is married, also presently no family income and neither my father nor none of his dependents whose names are newly added to the case has got any property in their own names... also none of the dependents has inherited any property from my father, the borrower. But my father was an Ex-army and at the time of death he was a state govt employee...hence my mother got eligibilities for getting his army pension, state pension, Death cum Retirement Gratuity ( DCRG )amounts , G P F amounts and certains state life insurances amounts So my question is whether the bank has got any option to recover their money from any of these benefits Case 1. If he has submitted his salary certificate while acquiring the loan and if the bank can recover , then from which all benefits they can do it.??? Case 2. If he has not submitted his salary certificate, and still the banks wants to recover amount, have they got the authority to recover money from any of the above mentioned benefits ??? Case 3 : As I am unaware of what surity my father has submitted whether salary certificate or any other employment related documents ... which of such employment related documents can authorise the bank to recover amount from above mentioned benefits??? Case 4. Which of the above mentioned benefits are not allowed to recover at any circumstances and conditions. And for those benefits which can be recovered what is maximum percentage or limit that can be used for recovery of loan??

Agnibha Chatterjee   22 July 2015 at 11:56

Succession certificate

How come Succession certificate provides or guarantees indemnity to the debtors????Plz help me out

saurabh singh   22 July 2015 at 11:19

Signature evidence

My father filed a civil suit for a disputed agricultural land and collusive decree against my uncle which according to our knowledge was obtained from my grand father by some fraud or force. After receving all evidence from both parties judge announced date of argument. But now our lawyer found that signature also not matching on documents and judge not taking evidence at this stage . please suggest what remedy is available.