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SULTAN   29 May 2010 at 11:51

BEST LAW COLLEGE IN MUMBAI

DEAR EXPERTS,

WHICH IS THE BEST LAW COLLEGE IN MUMBAI THAT OFFERS GOOD DISTANCE LEARNING COURSE? WHETHER GOING FOR DISTANCE LEARNING IS GOOD OR TO DO FULL TIME?

THANKS

Anonymous   28 May 2010 at 15:26

Vat rateon plastic product

I am amit kumar singh i am working as a accountant in a ltd co. i want to what is rate of vat on plastic product in west bengal.
please give me your suggestion as soon as possible.
Thanking You
Amit.

asifa butt   27 May 2010 at 10:34

assignment of receivables

what is assignment of receivables.can any one send me an agreement/draft of assignment of receivables as security?

Baskaran Kanakasabai   26 May 2010 at 17:01

The Flaw In The Law

I hereby request all experts in lawyersclub india to examine the presentation titled "The Flaw in the Law" posted in the forum section in 9 parts and let me know as to whether the flaw referred to in the presentation is indeed a flaw or not and as to how to proceed further if anyone concurs with the view that the flaw is a flaw indeed.
Sincerely,
Baskaran Kanakasabai

Anonymous   26 May 2010 at 14:45

Winding Up

One of our client is going for winding up of the company. It is voluntary winding up by the members. Major problem is there are 5 directors of which 3 are foreign national and 2 are Indian National in the company. But at the time of filing DIN 2 & 3 by the Company it has filed only for 4 directors. The one director left with out any DIN is Indian National having no DIN 1 up to now and at present he is settled in foreign country a year back. He is not co operating for filing DIN 1 in his name. Can we mention that the office of the so called director has been vacant under section 283 of the companies act for not attending 3 boar meetings. If so there is any requirement of filing any document with ROC for such vacation Or there are any alternative methods. If so please suggest the same at the earliest along with the checklist for complying with requirements of ROC for winding up of the company.

The company was formed in the Year 2002.

Is the any simplified exit scheme (SES) for the Year 2010 if so pls intimate.

Pls resolve the query at the earliest.

Anonymous   26 May 2010 at 11:01

SUB TANANCY RIGHT

I have hired office in city area from one Mr. A in 2001. Mr. A was tenant not owner. Mr. A hide that he want tenant. Now trustee of office filed case against Mr. A to vacate office and court has gave temporary order to seal office. As a sub-tenant, What rights I have ? During last 8 years I four agreement of leave and license. since last two year Mr. A is not issueing / renewing leave-license agreements for 11 months. Can I request court to give me some time to vacant and find some new place. Mr. A take Rs.2000/- p.m from and paid Rs.30/- trustee as rent. He has not paid Rent for last three years. Pl suggest remeady at earliest.

Thanks.

Amit

bharat   26 May 2010 at 10:56

Contract Agreement

Dear Sir,
We had entered into a contract with Delhi Transport Corporation for providing Electronic Ticketing Machines which also included providing manpower for managing operations at depots, providing consumables like paper for ticketing etc. Our source of revenue was through advertisement on tickets.
But the business model did not sustain due to lack of cooperation from the bus conductors and DTC officials and non availability of ads during that period.
Now another tender has been floated by Delhi Integrated Multi Model Transit System for purchase Electronic Ticketing Machines. The payment shall be made to the vendor on the basis of per ticket issued through this machine.
My question is
What should we do to save ourselves?
Can there be two different business models for the similar type of work?
Is there any court judgement referring to my question above.

Hoping to get an early reply from your side pl.

Thanks and rgs

Bharat

Anonymous   25 May 2010 at 17:51

Valuation of shares for FDI

Dear Sir,

As per the revised guidelines valuation of shares for FDI is required to be based on DCF method.

Kindly advise regardng the date of the valuation certificate (ie period prior to the transaction)that will be attached with the FC-GPR form.

Your prompt reply will be very helpful.

Thanks and Regards,

Kavita

Anonymous   22 May 2010 at 17:57

Very Urgent - Capital Structure

A Private Company is incorporating the subsidiary company. The project cost is 5 crore, but the promoters do not want have paid up capital as 5 crore. And they are planning to issue 5% of the initial paid up capital to one of the first directors (A) under ESOP/ Sweat Equity Plan over the period of three years i.e, 1.67% at the end of each year.

Can a company issue the shares at premium for the first allotment?

Please guide me to structure the capital of the Company, and what will be share of the promoter Company and the director A (Remember Company wants Rs. 5 crore for its project). Its urgent, please help me out

Ganesh   22 May 2010 at 09:38

Full Salary deduction Against Notice Period

Dear All

I have resigned from my previous comany with 6 days notice though the notice period is of 1 month. i refuse to work/complete my remaining notice period days beacause of non payment of previous month salary.

I have 24 Earning Leave(EL) which company is supposed to pay me.

But in my Full n Final Settlment

They have deducted full salary for 22 days & They are giving only basic agaisnt EL 22 DAYS

although i have concern regarding following

1. Either deduct notice period from EL & pay me balance days

Or

2. Deduct only basic against the notice period

please advice