My client has sold his interests in an underconstruction Property. He has drawn up a Normal Agreement for sale. I am not comffortable as the Balance Amount payable to the Builder by the New Purchaser is quite large. If the Builder and new purchaser do not have a Binding Agreement how will the New Purchaser make payments to the builder and what is there to protect him. I need a draft for underconstruction sale where maybe I get the Builder to sign as a confirming part. If anyone has such a draft, please share.

Dear Experts,

I need clarification on domestic supply made in India against an sale order received from abroad. Money will be received from abroad. What documents to submit to Bank in this scenario? Is it allowed under FEMA? Is there any specific circular which covers this case?

thanks & regards,

Sreenivasulu

why does partnership firm has a limit of 10 and 20 partners in banking and non banking business respectively?

As companies act 2013 is applicable for IPCC may 15 attempt,my query is whether Seeing video of explanation of companies act 2013 organized by the different institute will me help to grasp the overall concept.I have not even touch study material of law.

I have a company AKG Pvt Ltd. incorporated on 2/07/2012. when should i hold the first AGM. and is it necessary to hold AGM for 2012-2013 and for 2013-2014.when should i file 23AC form 2013-2014 to reduce penalities please explain the dates for holding Annual general meeting and filing roc forms

Persuent to section 101 Can a Member invalidate the proceedings in meeting If he has not given the notice 2) If a director is a member of a company then is it necessary to give him 2 Notices

what type of property is fit for creating equitable mortgage so as to cover it under sarfaeci.

1) These are the issues since 1980.
we've declared money in AMNESTY and from that money we've purchased residential property so isnt it covered under the SAFEMA law?.. Supreme court judgement 201 ITR 658 does not protect AMNESTY Scheme??

2) our family members have purchased properties between the years 1970-75 of amount 25,000-75,000 and even the purchasers have expired before 2000. they've filed the income tax returns and the income tax department in their assessment order have mentioned about it along with 3 years of penalty on us... SAFEMA department in the year 2014 has asked us about the accounts of that above mentioned money and properties, by books and bank statements, which we do not have right now. we've shown them the assessment orders and income tax returns acknowledgement but they refuse to understand so what can we do now? kindly please help.


3) under the law of SAFEMA, the one who purchases any property, who later dies so now can the SAFEMA department issue Showcause notice ?? and can they pass orders against their legal heirs ?

4) under the SAFEMA law the central government's finance department published circular no. 12/23/93-CA dated 23/6/94 so by this circular, properties purchased upto Rs.1,00,000 are to be forfeiture. Although the SAFEMA department doesnt agree with it and hence deny to give us liberty and our property back.. So what can we do now?

5) as per income tax law, they cannot ask for accounts and income stuff prior to 6 years. So in the SAFEMA how many years are granted for them to ask ? The law of SAFEMA was introduced in the year 1976 so can they question us about the properties that we've purchased in the year 1970?!!

Hiii
Please suggest me on the matter i want to further issue eq. share to other person [not existing shareholder]. what are the requirement for that plzzzz reply me as soon as possible.

Hi all, please confirm if the lubrication oil manufacturer requires the packing licence for distribution of finished goods. if yes, what would be the procedure and cost for getting the license