General Terms & Conditions
- We shall take up the projects only if there is sufficient amount of Investments to meet the project’s financial requirements.
- The number of Shareholders is not important here, but what is important here is the amount of investment to take up the project.
- All the investments & participation in any of our schemes shall be legally documented & the shareholders are required to cooperate with the company in this matter.
- The total cost of the project undertaken shall always include all the Registration charges, miscellaneous charges during registrations and all types of Tax liabilities payable to the Governments apart from the main project costs.
- All the incidental & miscellaneous expenses towards preparation of individual legal documents, agreements etc. will have to be borne by the Investing party only.
- The Profits shall be shared among the shareholders in equal ratio & in equal proportion to their investments.
- Since our Company is a Private Limited Company, the Profits can be claimed by shareholders only after completion of one Financial Year and not before that and also subject to complete collection of all the pending sale proceeds during that particular financial year.
- The investments made by the shareholders shall NOT attract any interests.
- Any kind of individual Tax liability of the shareholders has to be solely borne by the individual shareholders only and the company is in no way liable to pay the tax liability of the individual shareholders.
- The Shareholders shall not interfere in the day to day working and in the working & execution of the project.
- The shareholders shall not try to thrust & force upon the company to accept or accommodate any of their Contacts/ contractors/ architects/ engineers/ brands/ suppliers etc much against the wishes & needs of the company while executing any of their projects. But however the shareholders are most welcome to give any general suggestions or recommend any product or refer any professional which would be beneficial in the company’s interests.
- Accepting any shareholder or rejecting any shareholder to any scheme is at the sole discretion of the company and the company is in no way bound to justify or give reason for the same.
- Any disputes, controversies or claims arising, shall be subject to the exclusive jurisdiction of appropriate courts located in Bengaluru, Karnataka State, India only. Before approaching the courts, it is very much advised to seek the advice & opinions of the arbitrators & settle the issues amicably by sharing the costs incurred.
If you have any other queries or need any further clarifications or any other concerns addressed or regarding any other matter, we are very much open for any discussion & shall try to accommodate all your concerns to the best of our ability and to the satisfaction of all concerned.