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Krishnaiah Krishnsiah   19 April 2022 at 16:16

Insolvency

Dear experts,
A friend of mine taken loan from me for which, excuted a promissory note in favor of me and now he filed an insolvency petition before the fir an amount of rs.15,laks under which he mentioned my name also one of the creditors.
It is learnt that insolvency act repealed and how the insolvency petition maintainable?
Hence I request you all the experts may advice on this with a suitable solution

Anonymous   13 April 2022 at 06:10

Deleting the deceased name from share certificate (mumbai)

Hello
A flat is jointly owned by father and daughter, and both their names are reflecting in the sales deed, sales agreement and in the share certificate. The family consists of son and a daughter (mother passed away long ago). Recently father passed away and left a clear registered WILL that after his demise, all his rights of this flat including the shares should go only to the daughter and nothing to his son since he had already given another flat and more to settled the son. And there's no nomination left by the Father. The very fact the daughter's name is the 2nd name in the share certificate, she already holds 50% of the property. Is it not the right for the daughter to demand the society to delete father's name, amend the records accordingly and request the society bills on her name? Kindly share your expert views in such a situation - what the bye laws says and what needs to be done by the daughter and what society should do to make this change. Thanks

Kanti Kamal Sen   06 April 2022 at 17:50

agm of an unregistered association- can it be held?

We hava an Association of Persons,which is not registered with any Act.But we have a PAN in the name of the Association.There is no mention of convening Annual General Meeting in the Agreement of the Association. Can it call an Annual General Meeting?

Hartmut Paul Balke   24 March 2022 at 11:07

Trust into private company

Can a public charitable trust be converted into a private company?
Can the trustees become directors in that private company?
Who is the owner of the trust's properties? Is it with the private company or remains with (leftover from) the trust?

Adv. Nitin Prabhakar   08 January 2022 at 23:00

Msme recovery suit

After getting Arbitration Award in our favor, we go to court for execution of award. Hear in execution petition order goes ex-party. Should we go for Recovery Suit? What is the procedure of recovery of money? We are registered MSME....

CB JayaKumar   08 January 2022 at 15:16

Partnership firm

Dear Sir,

The partnership firm at will (6 partners) is registered in Register of Firms, Tamil Nadu in 2012 but was not renewed till date - almost 9 years. We have paid income tax based on partnership PAN till date. One of the partners created problem, disagreed to cooperate and the company was dissolved on Apr 30 2021. A notice was sent to dissented partner about dissolution on May 5.

My question is can the dissented partner appeal to court.

FYI, The company was not renewed and 5 partners agreed and dissolved without the dissented partner's signature. We cannot cancel company registration from TNREGNET because of non -renewal of partnership firm.

Please suggest any ideas.

Manish Tripathi   11 December 2021 at 12:08

Associate company of psu

Whether HITPA is a PSU or a Private Company?
HITPA is a JV of 4 PSU, each PSU having 23.67% stake and 5% in GIC.
It is an Associate Company of National Insurance, New India Assurance, Oriental Insurance, United India insurance and GIC.
It's audit is conducted by statutory auditors apponits by CAG.

ks   04 November 2021 at 10:10

Can oci card holder be considered as citizen of india ?

Hello,

Below is the link which says that for registration as an "Authorized Person" of a Broker , person should be a citizen of India.
https://www.nseindia.com/trade/authorised-for-membership#:~:text=NSE%2FMEMB%2F13429%20dated%20November,agent%20of%20the%20Stock%20Broker'.

May I know whether an US citizen having OCI Card can apply as an Authorized Person ?

What are the alternatvies if he/ she wants to become Authorized Person ?

Anonymous   29 October 2021 at 21:52

Company harassment

Hi All respected experts & lawyers,

My Name is Prashant Singh, my brother was working in a company and he has also started side business, as company was not provided full salary during covid period.

Last month in Sept 2021 company terminated
to my brother from job and they took his signature on a blank paper forcefully in company primises and now issues a notice and blaming for Defalcate of 1MN INR.

Kindly asist us how to overcome from this situation

padmaja p   29 September 2021 at 19:20

Amendment of trust deed

Hello sir
I want to know how to amend trust deed clause of power of trust, is any provision to amemd this one.
Actually we want to add to give loan to other trust or any other person in deed.
Is this possible.
Plz let me know sir