My fathers's friend Mr. X take a loan of Rs. 1,00,000 in 20007 form Delhi narik Sehkari Bank Ltd. which is register under Delhi Co Op Societies Act 2003 and my father and one other person give surety/guarantee for loan of him, as they are already member of that society.

Mr.x was paying loan regularly, but in 2011 that man lost his job and is not paying his loan, after one year notice to Mr.X, but he did not respond to any notice of bank of Rs. 70,000

and now in oct 2012 my father got summened from Registrar of Arbitration, registrar called both the surety on 9.10.2012

I want to ask position of two surety (one o f of him is my father ),

who will be first liable for loan,
1. Personal Assets of Mr. x is first liable ( as he have two home in Delhi which valued about 30 Lacs )
2. or two surety have to pay Loan of Mr. X

and if Two Surety have to paid loan , are both surety can recover amount from him. legally

Please help me in this case, so that i can help my father

In case of computing the net wealth of assesse who is a partner in a Registered firm, the net wealth of the Firm is to be included in his wealth in capital sharing ratio.
How will the net wealth of firm be divided if 2 out of 3 partner have debit balance in capital account?

If any of you have soft copy of MOA and AOA of river rafting business, then kindly provide the same or email me at sagar_bhadra@yahoo.co.in

Will be really thankful to you.

I am about to tranfer partnership firm to a private limited company. I am confused regarding the company law for a director,who is willing for self withdrawal, expelled by board of directors or in case of permnant disability & death.
I am from medical faculty & unable to understand legal wordings mentioned in the law books.
Can anybody explain me in easy language ?
please help me.
Can we mention the above mrntioned conditions in the memorandum of articles ?

my querry is that a foreign national is a subscriber of a MOA in indian private limited company and wants to send some money in india as a capital and other type of investments.
weather the company will take prior permission to take foreign money or not ?
and mode of that investment by foreign national and if permission required then what types of approval will be taken by co. and which forms?
regards
CA Abdul Rashid

Respected,

I am working a manufacturing field last 14 months as a Sr.Accountant post, infect i want to know that how many days leave does on a year as per Labor Law.

Second thing: how to calculate bonus as per bonus act.



Thanking You,

Rajesh Verma

Dear all,
Please can advise whether a student can move Consumet Court for a grievance against a college for refusal yo refund fees.

Also, what are.the requirements for the same?
Please advise. Thanks!

regard
jagjeet

Dear Sir,
Request your valuable input on legal provisions if the genuine owner of a land has lost the purchase deed (Scenario 1: he might be able to trace a photocopy, Scenario 2: he does not even has photocopy) - (a) how can he protect his legal title? (b) how can he prove his ownership and (c) how can he sell the land and how to satisfy the prospective buyer?
Your valuable inputs will be highly appreciated.

can two or more bank come together to form a joint venture. If yes what will be the status of such joint venture?

Dear sir,

i have given some cheque to bajaj fin for taking a bike.after some time if my cheque book is stolen I stopped all the cheques by bank

My questing is that if there any bounce charge for if my stopped cheques are processed
from my side as well as bajaj fin