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Ameet Hariani

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Guarantors can fight 'wilful defaulter' tag

The dice is heavily loaded against a guarantor. As in the case of Gajendra Issar, who had to pay Rs 50,000 to a bank when his friend defaulted on debt payment. Luckily, there were two other......

A nominee is not a legal heir

Only in case of equities will the nominee will automatically get the money. Otherwise, she is only a trustee. Ashok Singh had bought an insurance policy in 2000. When he passed away in 2008, his......

Long battle awaits NSEL investors

In its first payout on Tuesday, National Spot Exchange Ltd (NSEL) was able to pay only half the money due to investors.While the NSEL Investors’ Forum is considering taking the legal route......
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Loan Guarantors Now Can Clear 'Wilful Defaulter' Tag

Summary: As per a rule set by RBI, individuals and companies, acting as guarantors to a loan cannot escape the tag of "willfull defaulters", if... ...

http://www.cfoinstitute.com/content/loan-guarantors-now-can-clear-wilful-defaulter-tag
Don't trade in your company's shares

K S O Joseph, retired employee of a leading consumer goods company, couldn't believe his bad luck when he was slapped with a Rs 2-lakh fine for a... ...

http://www.business-standard.com/article/pf/don-t-trade-in-your-company-s-shares-114083100765_1.html

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