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Shruti   03 February 2011 at 15:25

Payment of Stamp Duty

Hi everyone,

I'm posting a query for the first time in Lawyersclubindia and after pondering over this question for quite some time, I was hoping someone amongst you could help me with the following...

Now, I'm aware that a company whose shares are transferred, need not pay Stamp Duty on them. It is the transferor or the transferee who pays it (as per mutal agreement). I have also checked the Indian Stamp Act, section 29.

However my query is that, is there any section in the Companies Act, 1956 which states this? The section need not specifically mention Stamp Duty.

kulbhushan kumar   28 January 2011 at 20:17

requirments for overseas educational consultancy

sir
how to start a overseas educational consultancy, my query is for registration (how)and financial obligations with MOIA

Anonymous   23 January 2011 at 13:20

can a advocate of bank can reply to 13(2) notice or only authorise officer has to do

Bank has issued us 13(2) not giving reason why our account became NPA neither asking us to deposit any default amount,they directly issued us 13(2) notice by their authorise officer,we replied saying that we are paying insalment and interest on timely,mere small default how can you make my account NPA and we requested not to proceed with 13(4) notice,we will clear if any due,we paid lot of money there after also but even after taking money and instalment they issued us 13(4).
We reply to 13(2) than again we got reply of our 13(2) reply by not authoirse officer instead we got reply by their advocate,it is like some judge authorise some advocate to deliver judgement,whether in eye of law is it valid?

baswanth mohan paruchuri   20 January 2011 at 20:36

company law and sica

as SICA provisions inserted in THe comapanies Act,1956, can any provide clear picture, relating amendment to comapnies act, 1956 made in 2002 and judgment of supreme court in relation to the amendment recently in may 2010.

Smita Katake   12 January 2011 at 12:55

Investment by foreign resident in India in retail trading sector

Dear All,

In our case one Mr.X from Korea( Foreign Resident)wishes to establish a company in India,main activity of the company is Retail trading of Garments and clothes, textiles.
Please explain whether the above activity is covered under automatic route as per FDI policy or will require FIPB approval.

Please also define what is wholesale/cash & carry trading ?

Thanks and Regards,
Smita

Anonymous   11 January 2011 at 16:55

Financial Assets For NBFC

The Press release of RBI Dated 08.04.1998 requires two test based on Financial Assets .
What is Financial Assets for this Guideline.

Should I Follow Definition of AS -26 or Shall the Definition of S.45-IC shall be Followed ?

Anonymous   04 January 2011 at 19:13

F FORM

DEAR SIR,

THE GOODS WERE DESPATCHED FROM MAHARASHTRA TO BRANCH IN GUJARAT IN NOV.2010. SAME WERE RECEIVED BY GUJARAT BRANCH IN DEC.2010. WHETHER GUJARAT BNRANCH SHOULD INCORPORATE THIS TRANSACTION IN F FROM FOR CALENDER MONTH NOV. OR DEC. PLEASE GIVE SUPPORTING PRECEDENT IF ANY.

Udaya Chandran   31 December 2010 at 12:26

How to Start Beauty Parlour

Dear Sirs,

Please tell me, how to start beauty parlour what are the procedures for that. I'm residing in Chennai.

Thanking you

Anonymous   28 December 2010 at 13:11

Stamp Duty

Dear Members

'A' company from London is executing 'deed of guarnatee' with 'B' Bank for availing a loan of Rs.20 lakh. The 'B' Bank is in Australia.

But 'C' is the Guarantor from Bangalore and giving garantee to the 'B' Bank on personal capacity.

Let me know whether stamp duty payable by 'C' on 'Deed of Guarnatee' or duty is applicable as per Karnataka Stamp Act.

All 'A' director are from Bangalore.

According to me Rs.200/- stamp paper is enough. Or else.

'C' has to pay any duty on Rs.20 lakh

It is very urgent.

Please

Rajesh   26 December 2010 at 15:09

Urgent Help : Formation of Part IX company queries

Hi All,

I am forming Part IX company. Existing partnership firm has 2 partners, but i had introduce 5 more new partners and i had made Reconstituted partnership deed cum agreement for conversion of partnership firm into company.

I had obtained din of 2 promoters who will be directors and dsc of 1 director.

Now, I want to fill the Form 1A, but I want to know the attachments required with it. As per my knowledge, latest balance sheet of firm should also have to attach. But I want to know whether Balance sheet should be of audited B/s of March'10 or the latest copy of B/s upto Dec.'10 certified by CA. Also do anyone have the format of consent letter, resolution passed by partner to convert firm into company.

Also, please suggest me whether MOA and AOA should be prepared before filing Form 1 ? Do any one have format of MOA and AOA of Part IX company.

Please guide me with these all and if needed i'll ask again the related queries.