if a company purchase a property in the name of the Director as "A.B.C. Dirctor of XYZ Co." and the payment is made by company,
whether this transaction is Benami?

and if property is purchased in personal capacity of Director and the payment is made by Company.
Whether this will amount to Benami?

A person is declared insolvent if his liabilities exceed his assets. Once declared insolvent, he loses his right to contract until he obtains Certificate of discharge from the Court. How and when is certificate of discharge issued to an insolvent? Is it issued automatically after a fixed period or it is to be applied for by the insolvent?

I am, in individual capacity, giving loan to one of my friends Rs. 2,00,000 in cash.

Now what documents(like stamp paper/promissory note) i need to get prepared. Is it legally enforceable for repayment in case if he does not pay.

Please describe in detail.

thank u in advance.

what is the egal importance in foll words?
1.earnest money
2.advance money
3.earnest money & part payment


how it makes impact on the purchase of the agreement when it is not executed?

the vendors declare that they have paid to the concerned authorities all the revenue, taxes,assessments,N.A.TAXES and other outgoings,payable in respect of the said property upto date,


in above para what i sthe full form of the N.A. TAXES?

delay in the rent payment under the leave & licence agreement,is lessor charge ,can charge 18 % p.m. interest?


is it demad i sjustifiyable?

can any1 please tell me the process of conversion of pvt ltd co. into ltd co. in detail

why publicc notice is given before making final consideration amount to vendor of the property by the buyer?

how this take care of the buyer?


plese give detail guidence?

What does following lines means when mentioned in the agreement



"hereinafter referred to as 'the Pledgor, which expression shall, unless it be repugnant to the subject or context thereof, include its successors and assigns"

I have following issues relating to issue of debenture by Pvt Ltd Company:-
1) Can a new pvt ltd company issue debentures?
2) As per sec 3(1)(iii) of Companies Act, 1956 a private company prohibit public issue of shares and debentures. In this case what is the meaning of "public"?
3) As per section 67(3) an offer will not be deemed to public offer if offer made to only 49 persons or less than 49. In this case can a company make distinct offering of securities with each such offering being made to less than 50 persons?
4)In above question no (3) what will be the meaning of "distinct offering of securities"?