Anonymous
12 November 2012 at 12:14

Parking issue

I have purchased flat from builder. Builder has sold parking and included one parking space in agreement without parking number, he has promised me covered parking, now he is telling me that he will allot me open parking space on podium. Can he allot open parking space, when the same is sold to me and included in agreement, can i fight for covered parking?


Kapil Tiwari

A close relative intends to purchase a flat in a building which has been developed on a property whose lessor is the Municipal Corporation(Mumbai).My queries are:
1) Is it safe to buy a flat in such a building, if the intention is for investment?
2) Is it a wise investment proposal, if the property rate is lower than that in similar flats which are "free-hold"?
3) What basic precautions should one take while purchasing a flat in a "lease-hold" land of which the Municipal Corporation is the lessor?


tabrez khan
10 November 2012 at 20:44

Non profit organisation

A non profit organisation registered in USA
wants to open a BRANCH in India
What are the Permissions required
What is the Procedure
What are Statutory Complainces,Registrations under FEMA,RBI,Income Tax.....

Thanks a Lot for your time and Advice

Regards
Tabrez Khan


ibrahim
09 November 2012 at 17:41

General and commercial law

please explan?
charge, mortgage, decree, judgement



Anonymous

Respected sirs,

A firm maintained EEFC account with X bank. Due to inefficient services of X bank, it was closed and a new EEFC A/c opened with bank Y. However, INR current account is still maintained with X Bank . After closure of EEFC account, inward remittance is received at X bank mentioning the EEFC account number that was maintained with them. I X Bank is requested to convert it and credit it to the INR A/C.They refuse on the ground that Funds receivd for EEFC A/c. cannot be credited to INR A/c. The were given alternate account number with Y Bank, but here also request was not accedded on the ground that since the account number with Y bank would differ it cannot be credited to other EEFC account with Bank Y. The remittance was sent back,causing great hardship and loss. The amount is yet to be received back.

was the action of X bank jusitified ? What are the instructions/guidelines of RBI/FEDAI in this regard.

Kindly help.

Thanks

Regards



Dhara Mistry
08 November 2012 at 15:07

Legal status

We intend to start a business of dairy farming.(selling milk,milk products)Cost of project is abt 1cr.
what would be more beneficial in terms of Tax benifits,& otherwise;
1.Registering it as a pvt company,
2.Registering it as an LLP,
3.carrying business in the name of Individual


Jagan mohan
08 November 2012 at 14:13

Reg: employees provident fund

My Query:
1.If my Salary(Basic+DA+Food Allow.) is Rs.6500/- & I Contribute 12% to PF Account..
On a Future Date if my Salary goes to Rs.20000/- Can I contribute only 12% on Rs.6500/- or should I Contribute on Hiked Salary Rs.20000/-?
2.What about Employer Contribution?
3.Till What extent shall the Employer Contribute: Only till Rs.6500/- or no such Limit??


NEHA GARG
07 November 2012 at 15:04

Professional ethics

Can a chartered firm assign a work to ca who is not a partner of the firm.


Jugal Haria
06 November 2012 at 11:18

Legal matter

Can I file a legal case against a professional body like ICAI ? If yes , how do I go about it ? & Can I fight the case on my own behalf (like OMG) ?



Anonymous

I entered into a Sale AGreement for sale of my immovable property with a potential buyer.
The agreement is valid for 120 days' from date of agreement. The agreement becomes null and void at the end of the tenure or Registration of the Sale Deed, whichever is earlier.

The agreement also provides for a penalty clause for non-performance on the part of the Buyer or Seller.

For technical reasons, the transaction has been called off by me(Seller). I am willing to adhere to the penalty clause due to non-performance on my part, i.e., I will be liable to pay the penalty amount as specified in the agreement and close the transaction.

Question:

Can the Buyer opt to set aside the penalty clause already included in the agreement and instead force me to Register the Property in his favour? Please advise from a legality point of view.






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