rajeev sharma
21 December 2010 at 23:09
dear santosh
for availing loan from Kvic you may contact the nearest region office of kvic.in case you do not know its address please contact distt industries officer of your distt.
jayesh ahire
20 December 2010 at 11:43
acquisition of control of an unlisted company
An unlisted public company along with the other individuals and body corporate made an open offer to acquire 20% of an listed company and becomes one of the promoter in the target company. After the offer, the control of the unlisted company is proposed to be handed over to some other person who is not related to the promoter group.
in such a scenario.. i have following queries:
1. will such transfer of control of the unlisted company attract SAST Regulations to make open offer or pass special resolution u/r 12 by the target co?
2. is there any time limit after the offer prohibiting such transfer of control?
please consider 2 situations wherein the Unlisted Company holds 20% shares and 0% shares in the Target Company
if possible also provide any case law for the same
Anonymous
20 December 2010 at 02:02
Dear Experts,
How to provide prevailing Indian market prices of legal firearms to the court, i.e. source or method to obtain the prices which will be accepted by court as authentic prices/evidence?
Since around 1986 government had put import of firearms by arms license holders on restricted list of EXIM policy, because of this the prices of old pre-1986 foreign made firearms are selling in lakhs of Rupees per piece. For example a .357 Magnum Desert Eagle pistol is said to be sold around Rs 30-35 lakhs. But a similar old .357 Magnum Desert Eagle pistols in international market are selling around only $600-$1100. Probably no licensed firearms dealer will give prices of these firearms in writing, probably because most of these transactions, like real estate transactions are shown on papers, at prices lower than the actual prices at which transactions takes place.
sanatana
15 December 2010 at 17:38
Will creation of Sole Proprietorship or Partnership Firm be able to provide 5 or 10 years business visa for US citizen? Has anyone dealt with client from US who received 5 or 10 years business visa?
Thanks.
Anonymous
14 December 2010 at 18:56
what is the requirements of FEMA to be complied with, if a NRI acquires 25% equity shares of Pvt. Ltd. Co.
jayesh ahire
14 December 2010 at 12:01
A Company proposes to shares on preferential basis pursuant to chapter VII of SEBI ICDR Regulations. As per the Regulations the holdings of allottees as on the relevant date should be locked-in for six months. However, One of the allottee to the issue has pledged his shares.
thus the query is:
1. Can pledged shares be locked-in under SEBI (ICDR) Regulations? If Yes Wht is the Procedure?
2. If not possible wht are the other options available to the Company and the allottee?
3. Can you cite any relevant cases in this matter?
K.K.Ganguly
28 November 2010 at 14:32
I have a foreign returned client who wants to form a Pvt Ltd Company for marketing energy boosting health drink. He will make the product locally after importing the raw material. I have been retained for arranging for all registration for the said company for the said business. I have arranged registration with Shops & Establishment Dept.,Import/Export Dept. & Kolkata Corporation. For selling health drink shall have to take any permission or registration from Health Dept of the state or center? What other certificates of registration will be required? I would request the experts to kindly guide me.
K.K.Ganguly
kennii
29 October 2010 at 14:08
The amendment of the rule 10 of the Weight & Measures (package commodities) rules to delete the name of register office as address of the manufacturer or packer was come into force from 1st July 2010, however, it was extended further to 1st Dec. 2010. That means the packages already printed with the register office address was allowed to sale till Dec. 2010. There is certian confusion and need clarification to this enforcement date.
If the packages having a manufacturing date prior to the enforcement date i.e. a Nov. 2010 with the register address can be allowed to sale in the market even after the enforcement date i.e. 1st Dec. 2010 because the goods packed in Nov. 2010 may not be finished by Dec. 2010.
Thanks !
Anonymous
23 October 2010 at 12:18
Dear Sir,
Please advice me on the merger of two subsidiaries companies (having same business functioning of Waste Disposal facility);of one parent company. These two subsidieries are Ltd. companies and are incorporated under Special Purpose Vehicles of parent company. At present one Sub. company is profit making and another is under loss. Both the companies have consumed a part Govt. subsidies. Some subsidy installments are due to Govt. Both the subsidieries are having their plants at MIDC. is NOC of MIDC will be required or Might there be any hinderance on the part of MIDC for this merger? what will be th eprocedure to be adopted for Reverse merger. please advice me.
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