Ishika Ray
30 March 2012 at 14:11
What will be the legal procedure to set up a coaching center in a partnership model? Please also note we 3 or 4 friends are planning to open coaching class in my friend's resident & we all are students. Please help me & guide me in legal aspect.
P.C. Joshi
28 March 2012 at 19:18
Dear Friends,
In a non diclosure agreement between two parties(A and B) A is the disclosing party.
I want to know what remedy should be provided taking into acount the interest of disclosing party. I mean it should be damages/compensation that is sufferred by the disclosuing party due to breach of contract by the receiving party i.e. B.
Or
The clause should state that in the event of breach of contract the diclsoing party shall be entitled to equitable relief.
What is the diff. between the two.
SHall appreciate if some one can share his views.
Thanks & Regards
P.C. Joshi
Advocate Umesh
26 March 2012 at 12:54
one of my client had taken loan of rs. 25,00,000/- from bank of india. in proceeding the amount settled for rs. 20,00,000/-. when recovery going on my client has been died, and his successors are came in the recovery proceeding but excluding one son viz. Ramesh. whose name purposefully avoided by the bank because he may complete the dues and vacate the landed property. further bank completed recovery without notice to the Ramesh. now the question is can Ramesh challenge the recovery proceeding? If yes then in which court? in Appellate Tribunal or in Bombay high court in Writ. please guide. thank you friends.
Asha
26 March 2012 at 10:25
Respected Experts
I know you all are not going to give this query reply but let me tell you all
that i was just asking my query to lawyers club but now you all experts are decided not to give academic query ..
please reply to this
Our company is a 100% subsidiary of another international company and it is a private limited company. We have approval under automatic route. Since parent company is holding 100% share holding, we have to allot one share to Director of the company to comply with the requirement of 2 shareholders. However the amount is paid by parent company and it is shown in the members register that director is holding one share on behalf of the parent company.
Can you any one advise whether this attracts 187C ( declaration by shareholder for holding share on behalf of others). If so, whether we have to file a declaration with ROC.
It is already informed to RBI about the holding of one share.
thanks in advance.
Please clarify.
Ritika Gupta
22 March 2012 at 14:10
1.can a partnership firm be a co- venture with other individuals in a joint venture company having share capital or without share capital??
2. If yes, then wat is the procedure for incorporating into pvt. ltd. company?
3. please provide me the appropriate agreement needed for the joint venture
Thanks in advance
S.KARUNAMOORTHY
21 March 2012 at 22:46
Dear Sir,
Kindly clarify the latest filing fees payable for making application u/s 17 (1) of SARFAESI Act in DRT, Coimbatore, Tamil Nadu.
Regards
Sagnik
16 March 2012 at 12:50
Dear sir,
My query is :-
WHY IS SHAREHOLDER APPROVAL NOT REQUIRED WHEN EQUITABLE MORTGAGE IS CREATED ON AN ASSET OF THE COMPANY , BUT SHAREHOLDERS APPROVAL IS REQUIRED REQUIRED WHEN USUFRUCTORY MORTGAGE IS CREATED ?????
Regards,
Sagnik Sanyal
koteswara rao jonnalagadda
06 March 2012 at 01:00
to,
respective company lawyers,
i am from hyderabad,
my self and 'b'floated a company at hyderabad in the year 1994 and started service activity to entertainment industry with a sharing pattern of 20% mine and 80%to b .accordingly invested and informed to r.o.c of hyd.
from first year onwards company growing with profits.
in the year 1995 we took 'c'as director and he was alloted 20% intially and subsequently this become 29%
.
in the year 96-97 the share pattern is as under.
mine is 20%
b's is 51%
c;s is 29%
company entered in to mfg and assembling activity with latest work shop.it build huge asset base for leaseing to entertainment industry.till 1999 i was looking after some activity and i have given my assets to bank as colletaral for working capital.
from 1999 on wards b and c to geather avoiding me from company activity and not informing me any thing and sold 200lacs 300 lacs equipment to a relative of 'b' by under valuing @30% and diverted that money to 'b's personnel a/c and forced me to subhmit resignation.'c'taken over the rest of equipment and doing similar business on different name.
i have shown strong resistence and asked for the total a/c but they togeather thretend and not shown any a/c.
in the year 2008 'b's manager came to with a share transfer form for transfer sign and promised me that he is going to bring rs40 lacs cheque as commited by 'b&c'.
i have signed on trasfer form and given to the manager and he did not turnd up.
subsequently i went to r.o.c of hyd and checked the file there it was showing as my shares was soldin the year 2000 to 'b's daughter who was staying at u.s.a and submited form 36 in the year 2000 it self as if i resigned at 2000 it self.
kindly advise me at this juncture what type action will help me to get back my money at this age of 56.
with regards,
koteshwara rao jonnalagadda
e-mail;jkoteshwararao@gmail.com
cell;91-8106998849.
Dhruv
20 February 2012 at 18:14
Dear All,
In a case, the Managing Committee, Chairman and the Secretary has not filed Form M-20 bond, the indemnity form with Registrar and has been managing the affairs of the society since last one year. Now what is the way out?
We received a legal opinion to reverse all the major acts done by the Committee in last one year, resign, appoint a new Committee and then again record all the major acts done by the previous Committee. My question is, Is it necessary to go to such a length for a small glitch in a procedure or is it possible to ratify all the acts done by the Committee during the last year.
Kindly help.
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Remittance of funds
Dear All,
An NRI lady staying in U.K. is a beneficiary to the Estate of her Late Mother who was a resident of India. Now the NRI lady has become mentally incapable and has issued Enduring Power of Attorney in favour of her husband which has been duly accepted and stamped by the Court of Protection there.
Now the Executor of the Estate wants to remit Sale proceeds of the flat sold owned by her Late mother to the NRI lady. TDS has been duly deducted and paid by the purchaser u/s 195 of the Income Tax Act, 1961 and the amount net of TDS has been deducted in the Ordinary Savings a/c account of the Estate with a nationalized bank. The problem is that the NRI lady does not have a bank account in her own name in U.K. where the funds could be remitted. The Bank people are refusing to remit funds to the bank account of the husband of the lady, who is her Enduring Power of Attorney holder, citing the reason that the husband can only accept funds in the name of her wife but cannot his wife's funds in his own name.
Kindly advise how to remit the funds.