Vithal. Upari
07 January 2017 at 22:40
Dear Experts,
Please clarify whats action can be taken on the company which intentionally not transferring its shares to Director :
Case Facts : Company A has paid up capital Rs. 100000. Director X and Director Y each holding shares of Rs. 50000. Now company B purchase shares of Company A of Rs. 25000 from director X of A company. So Company B has 25% shares of A Co. The resolution passed in A co for appointment as director Mr.Z in company A. Mr. Z is also director in B private limited. All this done in 2011, but it is found that company A has not transferred shares from Mr. X to company B or no any other form filled for appointment of Mr. Z as director of A Ltd., There are no record in ROC. Now what action can be taken against Company A ? Mr.X has given physical share certificate to Company B.
Vithal. Upari
07 January 2017 at 22:36
Dear Experts,
Please clarify whats action can be taken on the company which intentionally not transferring its shares to Director :
Case Facts : Company A has paid up capital Rs. 100000. Director X and Director Y each holding shares of Rs. 50000. Now company B purchase shares of Company A of Rs. 25000 from director X of A company. So Company B has 25% shares of A Co. The resolution passed in A co for appointment as director Mr.Z in company A. Mr. Z is also director in B private limited. All this done in 2011, but it is found that company A has not transferred shares from Mr. X to company B or no any other form filled for appointment of Mr. Z as director of A Ltd., There are no record in ROC. Now what action can be taken against Company A ? Mr.X has given physical share certificate to Company B.
PRODYOT ROY
07 January 2017 at 22:33
I made a registered settlement deed of an immovable property in 1994 at Sonarpur ,Soth 24 Parganas,West Bengal with my brother,Can he re-registered the same immovable property after 1994 with the change of term and condition in his favor from Register of assurances without my knowledge as well as cancelling the previous registered settlement deed? I am partly handicraft can't move freely that is why am very much tensed? plz advice.
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Vinita B
07 January 2017 at 21:53
My husband died without a will. We jointly held immoveable properties which were self acquired. Also there are some moveable properties like shares for which no nomination was made. I have received amounts from insurance and employment settlements as a nominee. I believe as per Hindu succession ( we are Hindus) me , my minor daughter and my mother in law are the only legal heirs to his properties. What documents should I get prepared like succession certificate or the letter of admiNistration ,which gives me absolute ownership and rights to his share of properties and other properties held by him. Thanks.
Deepak sharma
07 January 2017 at 20:55
Here the property in question is inherited property (After father demise)
1. So if there are 3 co-owners in the property and one of them relinquish his/her right then other two co-owners will have equal rights in the property post the transfer invite no stamp duty like 7 % (state wise)
2. However if So if there are 3 co-owners in the property and one of them relinquish his/her right only in one co-owners favour transfer invite stamp duty like 7 % (state wise)
This mode is highly used in family settlements where the property is co-owned by many legal heirs and one or few of them wish to release the right in favor of others for or without any consideration.
Here above both the conditions are true.
Please advise.
Anonymous
07 January 2017 at 20:35
My husband died without a will. We jointly held immoveable properties which were self acquired. Also there are some moveable properties like shares for which no nomination was made. I have received amounts from insurance and employment settlements as a nominee. I believe as per Hindu succession ( we are Hindus) me , my minor daughter and my mother in law are the only legal heirs to his properties. What documents should I get prepared like succession certificate or the letter of admiNistration ,which gives me absolute ownership and rights to his share of properties and other properties held by him. Thanks.
Anonymous
07 January 2017 at 20:32
My husband died without a will. We jointly held immoveable properties which were self acquired. Also there are some moveable properties like shares for which no nomination was made. I have received amounts from insurance and employment settlements as a nominee. I believe as per Hindu succession ( we are Hindus) me , my minor daughter and my mother in law are the only legal heirs to his properties. What documents should I get prepared like succession certificate or the letter of admiNistration ,which gives me absolute ownership and rights to his share of properties and other properties held by him. Thanks.
Bibhuti
07 January 2017 at 19:00
I'm a VAT , CST dealer. My registration certificates show Cashewnuts in Commodity deal with box. Now I want to purchase cardamoms and cloves from other state. Can I buy these spices items from other state? Cardamom and cloves are not registered in my vat and CST certificates. **Cashewnuts, Cardamom, Cloves have separate HSN commodity code. Plz respond dear Experts.
KHUMESH
07 January 2017 at 17:15
We have dispute between two partners , my land is mortgaged in MPFC where we have agreed mutually to release my mortgaged land and keep another property by partner.
We have partnership deeds between us so I will have to sign the documents of another property for its mortgaging. But I do want to do it. Can it be possible after dissolving partnership or any other way so that my land will be released and another property my partner can get mortgaged by him self registering it
Please suggest .
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Maternity benefits amendments
Hello experts,
Is the amendment about the maternity leave 6 months is approved in the winter session??
Could anyone suggest.
Thanks