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I have entered into an agreement of sale with a GPA holder in 1993 for 62 house plots owned jointly by 3 brothers. Earlier to this agreement, entire sale consideration for 74 plots was paid to the brothers in 1986 and got GPA registerd in 1986 in the name of my own brother.GPA holder executed sale deeds in respect of 12 plots in 1990.The agreement for left out 62 plots says, entire sale consideration has been paid to the owners & possession has been passed over to me & sale deeds will be executed whenever I desire, specifically with no time limit.One of the brothers died recently. Owners declined to execute sale deeds now.They deny receipt of sale consideration, demand for strict proof. Original money receipts(4 out of 5) lost. Copies available.They have come to know about it. Is it feasible for me to enforce the agreement through specific pfc on the strength of my agreement with the GPA holder ? My advocate says, photo copies of money will not be accepted by courts as evidence to prove that sale consideration has been paid. Can I take a stand that GPA holder has agreed,that owners have received the sale consideration. In fact, I have entered into an agreement with the owners in 1986, prior to GPA for purchase of 74 plots. Partial sale consideration given by that day is acknowledged in the agreement. Balance was paid within 6 months as agreed and thereafter GPA got executed.In worst situation, I am willing to pay the 'balance sale consideration', claimed as not paid by owners with reasonable interest. Do I have a solution? A genuine problem. Highly obliged for your guidance/ solution.
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I have a doubt
In a company woman director has been appointed. Whether woman director have to make a deposit of Rs.100000/- under sec 160 of Companies Act 2013?
Kindly clarify the same sirs
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Hi,
sir i want to know that who will give population certificate , and certificate of rural and urban
area which is considerd by income tex department
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Dear Sir/Madam,
We are running a BPO for USA based company.
So I just want to know whether such services by BPO will be treated as software for the purpose of Regulation 6 of the Notification No. FEMA 23/2000-RB Dated May 3, 2000.
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As per companies act the useful life of building (RCC Frame) is 60 years .. but if in the 2nd year any addition takes place in the same building .. shall we consider it separately as a new asset or it will clubbed with the first one and shall be depreciated for the rest 59 years.
And how to depreciate lift under companies act .. shall we treat it under P&M or Buildings ??
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What is the basic difference between corporate and non corporate entities and how their working would distinct from each other.
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How get all notification of companies act 2013 from commencement of act and in future.
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One of the organisation was running as an unregistered club for 5 years however it got itself registered on 15/05/2014 under west bengal society registration act. The club was drafting the accounts and was getting it audited. Now the question is that the club can continue with old accounts irrespective of the facts that it got itself registered after 5 years or It has to start new accounts fron the day it got itself registered?
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what is the procedure of bonus issue for Private Limited CO. ?
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As per sec 149 the maximum no. of directors a company can have is limited to 15. Suppose the articles of association of abc Ltd provide that maximum number of directors in the company shall be 10. The broad of the said company now desires to increase the number of directors to 15. Can this be done? And also could you let me know if a special resolution for the same needs to be passed? and the procedure?? Many thanks in advance!
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Power of gpa holder in transfer of property