Wednesday, December 31, 2008

Nice Quotes

There are two primary choices in life: to accept conditions as they exist, or accept the responsibility for changing them.

Most of us know how to say nothing, but few of us know when.

Doing your best is more important than being the best.

A bad habit is nothing more than a mistake repeated.

There is only one small letter between the words can and can't............... and that one letter will T-OTALLY change your destiny.

Difficulties are meant to rouse, not discourage. The human spirit is to grow strong by difficulties.

Every time you get rejected, say "Next !!".

The greatest risk in the life is to risk NOTHING. The person who risks nothing, does nothing, has nothing, is nothing and becomes nothing.

Enthusiasm is the match that lights the candle of Achievement.

You have within you right now, everything you need to deal with whatever the world can throw at you.

Happiness is a butterfly, which, when pursued, is always just beyond your grasp, but which, if you sit down quitely, may alight upon you.

People often say that motivation doesn't last. Well, neither does bathing. That's why we recommend it daily.

Friday, December 26, 2008

Companies Act_Practical Problems_37

M/s. Raman Limited having a paid up share capital of Rs. 5 crores owns an agency of Cement Corportion of India Ltd. and proposes to supply cement, on credit, to M/s. Raman Enterprises Private Limited. Mr. Raman is a common Director in both the companies.

State the requirements of the Companies Act, 1956, if any, to be complied with by the company on the facts of this case.

Will it make any difference, if -
(i) M/s. Raman Enterprises Private Limited were a public company;
(ii) M/s. Raman Limited were carrying on real estate business and it proposes to sell a flat to M/s. Raman Enterprises Private Ltd. for Rs. 50 lakhs?

Wednesday, December 24, 2008

Practical Problems_Contract Act_91

I had made an offer to the other party. The other party accepted my offer. However, before the acceptance, which was sent by post, could reached me, I sent a letter to the other party revoking the said offer. The other party challenged my revocation of the offer, saying that the contract was completed. What is the correct legal position?

Monday, December 15, 2008

Comapnies Act_Practical Problems_36

A company was registered on 1.1.2005. But the date on its certificate was wrongly put as 1.1.2004. From which date shall the company be regarded as registered ?

Practical Problems_Sales of Goods Act_1

A sells his motor car to B, one cylinder of which is slightly cracked to A's knowledge. B examined the car but failed to detect the defect at the time of purchasing the car. Later on, the defect comes to the knowledge of B. Can he rescind the sale and get back the price paid by him?

Practical Problems_Partnership Act_7

A, B, C and D are partners in a firm which has not been registered. A is wrongfully expelled from the firm by the other partners. Can he successfully bring a suit' against the other partners for damages for wrongful expulsion and declaration that he continues to be a member of the firm? What remedies if any are open to A?

Thursday, December 11, 2008

Bonus Act_Practical Problems_34

Referring the provisions of the Payment of Bonus Act, 1965, state whether the following persons are entitled to bonus under the Act:
(i) An apprentice;
(ii) An employee dismissed on the ground of misconduct;
(iii) A temporary workman;
(iv) A piece-rated worker.

Bonus Act_Practical Problems_33

A workshop is employing 50 workmen. A shop-supervisor is drawing monthly wages of Rs. 9,000. HRD paid annual bonus to all employees except the supervisor. The Supervisor contends that he is also entitled to bonus. Referring to the provisions of the Payment of Bonus Act, 1965 decide whether the HRD’s action is correct.

Friday, December 05, 2008

Consumer Protection Act_Practical Problems_10

Bindu while traveling in a train fell down through the hole in the inter – connecting passage way between two compartments and died. Bindu’s dependant wants to lodge a complaint against the railways under the Consumer Protection Act, 1986. Advise.

Consumer Protection Act_Practical Problems_9

A CT scan machine is installed in Daya Ram Charitable Trust and Diagnostic Centre, 80% of the patients are required to pay charges for the services rendered by the trust whereas 20% patients are provided free services. On a complaint against the trust for deficiency in service, it contended that the trust did not engage in profit-making activity on a large scale. Will it succeed? Give reasons for your answer.