Anonymous
01 April 2011 at 15:28
would like to know the usage procedure of using Waybills as per AP VAT 1. VAT WAY BILL 2. CST WAY BILL I feel that Vat Waybill is being used for Sales affecting within the State Customers. Cst Way bills will be sent to Out state for purchase of good from the suppliers for Inter state Sales. Regards B.Prahalad Rao
Senior Executive Legal cell
Neeta Chemicals India Private Limited Hyderabad.
Anonymous
30 March 2011 at 19:14
Hi,
I am working with a small start-up. I am working in this company for last
10 years and during which company has offered me some private equity (not
ESOP and not SWEAT). These shares are allotted though share transfer. I
paid for it as per the face value and got share certificate.
Now I resigned the company. After resignation, the company is asking to
return back the equity. The reason they gave is "articles of association"
has a clause as follows
"Any person who has been allotted shares in the company by virtue of his
being an employee of the Company shall, on ceasing to be so employed, for
any reason whatsoever, at the discretion of the Board, transfer his shares
in the company to such a person as the board may decide, at a value
mutually agreed upon by person and the board"
It would be great if you could help me on following....
1. Does law says that I should return equity even though it is not SWEAT
or ESOP?
2. What legal action will be taken if I do not return the equity?
3. If I want to return equity and the value is not accepted by board, do i
need to give the shares as the board decides?
Thanks in advance
Manoj Tambat
29 March 2011 at 16:46
My company Ace Solar Services is a DTA firm.
Ace Solar will import & stock the import consignment at Free Trade Zone warehouse.
The profile of Ace Solar Customers in India is as below -
1) SEZ based manufcaturing companies.(manufacturer)
2) 100% EOU Manufacturing companies. (Manufcaturer 100% EOU).
3) DTA manufcaturer companies.
The invoice to all the above different legal status companies will be raised by Ace Solar Services.
Sell to Manufcaturers having legal status as SEZ based & 100% EOU is easy to understand & have the invoice paid in Foreign Currency as this will be traeted as a High Seas Sale & Ace Solar is in a way doing the re-export to these firms.
However the issue to get the realisation of invoice in foreign currency for sales to DTA manufcaturing companies.
Ace solar being a Local Indian firm, although importer, will have to raise the invoice in INR. As even the DTA companies will not be able to transfer the foreign currency to Ace Solar account.
The above is my understanding. However you have the expertise from different segments of business.
Please advise me HOW IT IS POSSIBLE TO RAISE THE INVOICE & GET REALISATIONS IN FOREIGN CURRENCY FOR THE MATERIAL SOLD THROUGH Free Trade Zone warehouse.
Dinesh Salaria
29 March 2011 at 09:30
Greetings
I am planning to start flyash bricks in punjab or himachal pradesh. if someone could please explain which state is best to do start this manufacturing unit and is there any subsidies or help from government is available in such a business where green concept is adopted as it is Zero co2 emmiting process which use coal ash sand and other products for making bricks.is there any agency which certify the products fit for use. what other requirements for setting up the unit legal or commercial.
thanks and best regards
Dinesh Salaria
srinivasp
27 March 2011 at 21:17
Sir I was applying for central notary on november 2010,to notary cell, dept.of law & justice,through the judicial magistrate under the new provision of notary act.But their not taking any action, so what i do and status of my application.please advice me. thanking you sir
Anonymous
22 March 2011 at 17:03
any one can help me in my query.
we are pvt new company and we have big project now for porject we need land , we have no money to purchase land.
so we want to make agreemet with land owner to give land for our porject and when that land sold for part of porject we will tranfer that money to land owner...
Anonymous
22 March 2011 at 16:57
Kindly clarify over the following:
FEMA regulations:
1.Investment in Partnership Firm / Proprietary Concern
A Non-Resident India17(NRI) or a Person of Indian Origin18 (PIO) resident outside India can invest by way of contribution to the capital of a firm or a proprietary concern in India on non-repatriation basis provided;
i. Amount is invested by inward remittance or out of NRE / FCNR(B) / NRO account maintained with Authorised Dealers / Authorised banks.
ii. The firm or proprietary concern is not engaged in any agricultural / plantation or real estate business (i.e. dealing in land and immovable property with a view to earning profit or earning income there from) or print media sector.
iii. Amount invested shall not be eligible for repatriation outside India.
2.Investments with repatriation benefits
NRIs / PIO may seek prior permission of Reserve Bank19 for investment in sole proprietorship concerns / partnership firms with repatriation benefits. The application will be decided in consultation with the Government of India.
3. Investment by non-residents other than NRIs / PIO
A person resident outside India other than NRIs / PIO may make an application and seek prior approval of Reserve Bank20, for making investment by way of contribution to the capital of a firm or a proprietorship concern or any association of persons in India. The application will be decided in consultation with the Government of India.
I) As per the above clause 2, what is the procedure( forms to filed) to get approval from the GOI to avail the repatriation benefits by NRI/POI? Can he repatriate the income earned over the investment without any GOVT approval?
II) As per the above clause 3, what is the procedure( forms to filed) to get approval from the GOI to enalbe a person outside India other than NRI/POI to invest in a partnership concern in India? Can this guy repatriate the invsetment and earnings without Govt's approval? If not, how to get permission for such repatriation?
kindly brief me the procedure to get approval for the above two cases .
regards
Anonymous
22 March 2011 at 14:38
can u plz send me specimen of cover letter written along with copy of petition filed with ROC and specimen of affidavit varifying despatch,publish and service of notice to creditors.Doc. required for change of registered office from one state to another state
Anonymous
22 March 2011 at 13:00
Consequent upon delay of more than 60 days in filing form 8, application was filed u/s 141 of Cos Act to CLB and condonation was granted by CLB. Based upon that application moved to RoC for registration of charge when RoC detected incorrect date of the docuement creating charge.Now what should be done to carry out rectification of documents and also register charge. Please note that discrepancy in document is detected after CLB order. Whether CLB has to be moved again?
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