AMMAYYA
31 January 2009 at 07:32
If the amount expressed in dishonoured cheque is more than the amount due to the lender(bank), can lender(banker) initiate legal action u/s 138 of NI Act ?
Selvam Perumal
30 January 2009 at 21:19
Dear Sir,
I require a kind clarification on the following issue:
A registered partnership firm dealing with “finance business” of mobilizing deposits from the general public and lending loans to the needed persons.
Now this partnership firm requires opening a current account in the nationalized bank for the purpose of depositing and clearance of Cheques being issued by the Courts in the execution proceedings.
But the Bank drag on the matter thereby hesitating to accord permission to open the current account by orally citing the following flimsy reasons:
(a) since the Bank and the said partnership firm have been dealing with same parallel business of “finance” as such the Bank is hesitating to accord sanction for opening the current account in the name of the partnership firm; and
(b) questioning the partnership firm that why not at the time of incorporation of the partnership firm itself a current account not opened;
Now my bonafide doubts are is there any provision of law which permits that nationalized banks to refuse to accord sanction to the partnership firm which deals with parallel business of the bank from opening current account in the name of the partnership firm?
Kindly clarify these issues with relevant provision of law and if possible with relevant citations, please.
s. ramesh
30 January 2009 at 10:39
What are the names of the parties and which courts have pronounced the judgment of the case reported in 2005 (1) RAJ 372 and another case reported in 2005 (1) RAJ 543 ?
vinod bansal
28 January 2009 at 21:00
Sir
when My friend operate his ATM & try to withdraw some amount by inserting his credir card in ATM machine,there appear a message on screen/display that ATM service is currently not available,thats why he collected his card from ATM machine & went his home next day when he again rushed at ATM machine for withdrawl he found that an amount of Rs. 20000/-was shown lesser than his actual balance there was showing a debit of Rs. 20000/- on previous date in fact not a single penny was withdrawn by my friend,now what is remady available to my friend as consumer forum has refused to entertain my complaint due to non-maintainability on this ground,bank has already refused to refund the amount,plz help me and provide citation on this deficiency of bank in regard operation of their faulty ATM machine .Thanks
BHAWNA
28 January 2009 at 15:44
Hi
I would like to know the when, how and for whom KYC is required.
Also is it just needed when foreign investor is an individual or is it also needed when foreign investor is a company.
Please advice
Thanks & Regards
Bharti
Ritu
27 January 2009 at 15:40
conversion of an exisiting unregistered partnership firm to a already existing public limited co, how does it happen?does a sale deed or a takeover deed needs to be executed.
Benefits of registering a firm in Part IX of the Companies Act, 1956?
Reasons for regd a partneship firm
N.K.Assumi
26 January 2009 at 09:12
Dear All,
please guide me how to go about with the estabishment of law firm? Thanking you all in advance. Its really very important for me.
vinod bansal
25 January 2009 at 19:29
Sir
plz tell me under which ministry of govt of india monopolies and restrictive trade practice act is covered/falls/concerned.
V.Satya venkatarao
24 January 2009 at 21:03
We are now seeing more news on the issue of pledge of shares as a security for loans. Memebers may like to enlighten on the specific issue which
" Who is considered the legal owner of the shares after they are invoked by the pledgee owing to default in the performance ofthe loan agreement terms.In invocation of pledge as the shares pledged are trasnferred from the demat account of the pledgor to that of the pledgee.Is this transfer be construed as change of ownership
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MODIFICATION OF CHARGE
My query is what will be the date of modification of charge where property already chrged to Bank sold to (Some part of the property)to another charge holder (Of the same property) under the OTS scheme after obtaing prior NOC in this connection from the aforesaid bank .
1 Date of sale deed
2 Date of NOC obtained from Bank earlier
3 Fresh NOC will be obtained from bank for filing form 8.
4 Date of NOC obtained regarding filing of Form 17 .
Reg
Rekha