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

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

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??

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

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) ?

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.

if there are two partners with capital introduced of rs 300000/- each what would be amt of stamp paper on which deed have to be made. and also can frankin instead of stamp paper be done.

Force Transfer And Blank Transfer

The Directors wants to close company.The last balance sheet has been prepared for the year ended 31/03/2010.So for filing FTE form can co give the figures for statements of accounts (annexure of FTE form) for the year ended 31/03/2010. How many rupees of stamp required for Indemnity bond & Affidavit.There is no business carried out by the company.

Any permission or licence required by rbi to f