Chandan Garg
16 February 2009 at 17:47
We ordered some material worth one crore from a party in USA and opened a LC (Letter of Credit) in Bank at Delhi.
The party doesn't sent the material but sent Forged documents and got the LC retired from bank.
The bank didn't check whether the conditions of LC are fulfilled or not as two of the conditions were not checked by bank.
Now please tell how can we recover the money
and what action we can take against the bank.
neelam desai
16 February 2009 at 13:58
Has "Control" been defined in any of the prevalent Indian Laws/ statues/ regulations?
Request memebrs to share their views
Regards
amit
16 February 2009 at 13:28
dear sir,
X is proprietor in his firm, but now he become a lawyer .X wants to transfer his firm to his uncle(X mother is not interested & X father is govt.servant)X wants to become legal advisor in that firm. X wants that bank transaction & other matters of firm should be in X's hand too. any matter or dicision of firm cannot be done without concent/signature of X
my question is how can it possible for X to do this. so that nobody can take wrong benifit
gaurav
15 February 2009 at 14:31
Hello,
Few days before , I applied for a reliance data card connection . They took Rs 2500 as connection cost and manager told me that there will be address verification . While I was sitting with manager in reliance comm. office ,manager sent some person for address verification . Person went to my address and asked my mother about my pan no and professional details. My mother asked him to take all the information from me by phone as she was not having all the details and afraid of giving information to stranger . He called me up and asked whether I do business or do service . I said I do both
( I am engaged in a service and a business too . My company has no objection if I do business also along with job) . After listening to this he started blabbing with me on phone that how come u can do both business and job together .I just said to him that if he is not understanding anything then he can come to his office ,I am sitting with ur manager or I will come home . But he got angry and made my verification negative and manager also didn’t say anything to him.
Person who negated my verification was a employee of third party agency and reliance has hired that agency .Later on agency owner also blabbed with me and misbehaved with me and said that we can do anything and if we put objection then even reliance can not release a connection . I took this matter to police station for his misbehaviour and he felt sorry there . I wrote a letter to anil ambani also but all in vain
Question 1 : I am angry that a 3rd party agency employee can make a verification negative because he is not able to understand the things . Can I drag the reliance in consumer court for this that how can they make verification of genuine customer negative .
Question 2 .. I signed a document of 5 pages filling my all details(consumer application form) .In that entire form I was asked no where that what is my profession. But they are asking any other person in my home for my profession and also taking their signature. I just want to ask that is it right that where I am doing signature and where I am legally bound to give true information and telling my details , I am nowhere asked about my profession but they are trying to legally bound any other person in my home regarding my profession.
Please help me in this regard .
Rajeev Chaturvedi
13 February 2009 at 10:01
is nbfc attract operating lease business
pls resolve my problem. is there any requirement to start operating lease business. plse write
Rajeev Chaturvedi
12 February 2009 at 12:54
dear all
pls provide me common compulsory compliance for NBFC Companies after registration with RBI
neelam desai
11 February 2009 at 11:21
Am looking for the definition of Group and same management.... Though same management is defined u/s 370(1) (B) 0f Co's Act.. would like if any other definition or context used in other prevelant regulatory laws other than Co's Act.
Pls. share views or any material on "same mangement" and "Group" definition
Prachi
11 February 2009 at 04:22
Hi everyone!
If I invest in a real estate commercial project (which is still not under construction)by buying space therein, will/ can my investment be treated as an equity stake in the company developing the project?
Aakash Jaiswal
10 February 2009 at 14:30
dear sir/madam
a company has to be converted into private limited so please suggest the whole procedure and resolution to be passed.
thank you
aakash jaiswal
© 2025 LAWyersclubindia.com. Let us grow stronger by mutual exchange of knowledge.
discrepancy and FEMA
In LC it is clearly provided that "All banking charges outside India are to the account of Beneficiary".
The Beneficiary issues a certificate(as required in the LC) that courier charges are to the account of the issuing bank.
Is the document descrepant.
If the bank accepts the document then is it a violation of FEMA under section 3(d) of Chapter II of FEMA, 1999.