Ayaskanta Parida | Legistify

Ayaskanta Parida
Answered on 19 Jan 2020

There is no specific provision under which you are denied. However, it might be appropriate that the person with whom the fraud has been committed may file the complaint.Read More

Posted on 04 Jan 2020 | 1 Answer

Team Legistify | Legistify

Team Legistify
Answered on 20 Jan 2020

You can file a recovery matter against DHFL or initiate an NCLT proceeding if the company is not returning your investment.Read More

Posted on 15 Sep 2019 | 1 Answer

Team Legistify | Legistify

Team Legistify
Answered on 20 Jan 2020

Yes, a Private Limited Company will be ideal for you. A Private Limited Company is a type of business structure registered to give a separate legal existence to the business apart from its directors and shareholders. This means that a company continues to exist even after the death of any member. A private company in India can consist of a maximum of 200 members at a time. In a Private Limited Company, the shareholders are considered to be the owners of the company and the directors are responsible for the everyday operations of the business. This ensures that the personal assets of the shareholders and directors are separate from that of the company.Read More

Posted on 15 Sep 2019 | 1 Answer

Team Legistify | Legistify

Team Legistify
Answered on 20 Jan 2020

The bank can provide you with the list of documents required to open a bank account with them. Read More

Posted on 28 Aug 2019 | 1 Answer

Karishma Pandit | Legistify

Karishma Pandit
Answered on 17 Jan 2020

The terms "sole proprietor" and "independent contractor" are both used to discuss small business owners, usually one-person businesses. If you work as an independent contractor and have not set up a business entity like an LLP or Company, your business is essentially the same thing as a sole proprietorship for tax purposes.Read More

Posted on 16 Jan 2020 | 1 Answer

Shagun Srivastava | Legistify

Shagun Srivastava
Answered on 13 Jan 2020

You can approach the customs authority to file a case against such a buyer. Consult a business lawyer in India to know the right solution for your issue,Read More

Posted on 30 Dec 2019 | 1 Answer

Shagun Srivastava | Legistify

Shagun Srivastava
Answered on 13 Jan 2020

Section 7 of the Insolvency and Bankruptcy Code, 2016 provides for a statutory right in favour of a financial creditor to initiate the corporate insolvency resolution process of a corporate debtor on the occurrence of a default. Section 238A of the Code provides that the provisions of the Limitation Act, 1963 (36 of 1963) shall, as far as may be, apply to the proceedings or appeals before the Adjudicating Authority, the National Company Law Appellate Tribunal, the Debt Recovery Tribunal or the Debt Recovery Appellate Tribunal, as the case may be. If the default has occurred over three years prior to the date of filing of the application, the application would be barred under Article 137 of the Limitation Act, save and except in those cases where, in the facts of the case, Section 5 of the Limitation Act may be applied to condone the delay in filing such application.Read More

Posted on 05 Jan 2020 | 1 Answer

Arshi Noor | Legistify

Arshi Noor
Answered on 07 Jan 2020

Section 139(2) of the Companies Act, 2013 (the Act) has mandated all listed companies and certain categories of unlisted public companies and private companies to mandatorily rotate their auditors (whether such auditor is an individual or a firm) once their auditor has served office as an auditor for a period of 10 or more consecutive years (Rotation Period). In this regard, the third Proviso to Section 139(2) of the Act has provided a moratorium period, wherein companies incorporated prior to 1 April 2014, have been provided a time period of 3 years from such date to comply with the requirement to rotate their auditors. Therefore, beginning 1 April 2017, all companies who are required to rotate their auditors under the Act will have to rotate their existing auditors (Current Firm), if the Current Firm has held office as such company’s auditor for a period of 10 years or more.Read More

Posted on 06 Jan 2020 | 1 Answer

Ayaskanta Parida | Legistify

Ayaskanta Parida
Answered on 04 Jan 2020

The only way to get rid of your credit card dues legally is to pay them back. There is no legal recourse to get rid of that amount. You should focus on getting the dispute about the credit card resolved and then apply for the loan.Read More

Posted on 20 Nov 2019 | 1 Answer

Ayaskanta Parida | Legistify

Ayaskanta Parida
Answered on 04 Jan 2020

Share certificates need to be issued within two months of the company's incorporation or the issuing of the shares, in case additional shares are issued by the company.Read More

Posted on 17 Nov 2019 | 1 Answer