What is the liability of a guranter of a loan
example : i am a guranter in a personal loan taken from nationalized bank by my friend now his a/c is going NPA than i recd a notice from a advocate of bank in that the giving me a time of 10 days for repayment of loan other wise they file a suit against me and borrower
than i want to know that how much my liability is create when the borrower is alive and in approach of bank

please provide me a resolution for the applicability of section 293 (1) (a)

Respected Sir,

company have perpetual succession so its never ends without legal dissolution

but i want to know that in act any provision or circumstance when company automatically ends. Suppose company not filling returns from 20 yrs. or more.

Company has audited balance sheet as under;

1) 31-3-2011 (12 month)
2) 31-3-2012 (12 month)
3) 30-9-2012 (6 month)

Question : Can 6 months audited balance sheet be considered to determine networth in terms of Clause B.1(1) of Master Circular on Direct Investment by Residents in Joint Venture (JV) /
Wholly Owned Subsidiary (WOS) Abroad (RBI issued on July 02, 2012). For your ready reference, i produce relevant para as under

Section B - Direct Investment Outside India
B.1 Automatic Route
(1) In terms of Regulation 6 of the Notification, an Indian party has been permitted to make investment in overseas Joint Ventures (JV) / Wholly Owned Subsidiaries (WOS), not exceeding 400 per cent of the net worth2 as on the date of last audited balance sheet of the Indian party, i.e. a company incorporated in India or a body created under an Act of Parliament or a partnership firm registered under the Indian Partnership Act, 1932, making investment in a JV/WOS abroad and includes any other entity in India excluding individuals as may be notified by the Reserve Bank.

when the partner are introducing additional the capital by the taking the loan from his wife,sons,his capital in the partnership firm is increased, and at the same time his personal balance, liability will increases by
that amount.

when the partnership firm will want to raise the finance from the bank , institution or third party financer,how they see the personal balance sheet of partner?

how it effect the decision of the reader of the Balance sheet ?

if it weeken or merk as negative impact,can son tr the amt as gift?

how above option works?

An NRI purchased agricultural land in India without the permission of RBI. What are the cosequences? Is there any redressal options? Plsssssss help.

Sir,
Please give the details how the dividend proposed, who proposed how it should be accepted In simple language?

1) We had draft a Partnership deed in Dec 2010, but there is mistake on the name on stampe paper (written by vendor). Our firm name is XYZ Associates and stamp vendor issued stamp paper as XYZ Associate. Due to this mistake Joint Registrar of firms rejectsto register the firm and send back the deed with query that the said stamp paper is invalid.

2) Now we have to purchase stamp paper in July 2012 but want to draft the same deed as it was drafted in Dec 2010, in this case can we take the effect of the firm from Dec 2010.

Hi,
One of the party has not filed e forms of LLP i.e Form 8 (Statement of solvency),Form 11 (Annual Return),Form 3 and Form 4 for the year ended 31st March 2011.
Now, penalty charges are coming out as 8750 + 23950 + 28200 + 26900 = Rs.32700

Please guide me whether there is any provision for condonation of delay of return or any maximum limit of penalty or any authority who can reduce the penalty.

Thanks in advance

has RBI Put the mandatory limit of sanctioning loan interest rate to co-op bank or nationalized bank that below particular interest rate bank can not sanctioned the term loan proposal?

what is truth in above sentences?