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Corporate Governance and Legal Compliance/Questions Answered by Expert John Varghese
| Subject | Date Asked |
| not for profit corp. contracts | 5/24/2012 |
| Q: At the age of 15 years, I entered into a contract to become a member of "Christian Congregation of ... A: When I said your contract is void for want of consideration, what i meant was that there was no ... | |
| not for profit corp. contracts | 5/23/2012 |
| Q: At the age of 15 years, I entered into a contract to become a member of "Christian Congregation of ... A: One of the basic premises for entering into a contract is that it should be supported by valid ... | |
| Failure to have shareholder minutes notarized | 12/22/2011 |
| Q: Must shareholder meetings be notarized and recorded via a public instrument to be legally binding? ... A: As far as I know, there is no requirement for a shareholder meeting minutes to be notarized. ... | |
| Increment arrears not received after resignation | 9/27/2011 |
| Q: I was associated with my last employer almost for 5 years. In last June I have relived from my ... A: Generally increments are the discretion of the employer and employee would not have any right to ... | |
| photography | 8/31/2011 |
| Q: but here goes: I am creating a calendar. I have a bunch of models that are going to pose for the ... A: It would be better to make your arrangement in a contract. But as per law of contract, a contract ... | |
| Law Corporate Question | 5/30/2011 |
| Q: I have a question. I own 20% of a USA company and have a daughter, if something should happen to me ... A: If you are a shareholder, you just need to register a nomination in respect of all the shares you ... | |
| S-Corp with a DBA | 5/18/2011 |
| Q: Myself and two friends started a Management company and filed for it to be an S-Corps. The purpose ... A: To answer the questions cryptically: 1. It is possible to take the salary from the DBA account. 2. ... | |
| 501(c)(6) chapters using parent EIN | 4/29/2011 |
| Q: There is a FL 501(c)(6) corporation that allows chapters to join. To join they must go through a ... A: To understand this position, I need to know how the corporation is organised. Are the chapters ... | |
| California S-Corp Board Member Dies | 3/7/2011 |
| Q: I have a situation where 1 member of a 3 person S-Corp board died. The deceased (Mary) has 50% of ... A: John will not automatically become administer of Mary's affairs unless there is a will. He has to ... | |
| Need help on Releiving after Resignation | 2/2/2011 |
| Q: I am working in a limited company in M.P, India from 2nd November 2009. I have given resignation on ... A: Since you have not received any confirmation letter, I would suggest you to issue a letter to the HR ... | |
| clarification about resignation | 12/4/2010 |
| Q: Sir I am a fresher working in one of the top IT company.But my profile is IT infrastructure ... A: Registering at National Skills Registry is a purely professional process, without any legal ... | |
| Relieving after resignation | 11/24/2010 |
| Q: Greetings of the day! I am working in a limited company in India for last 3 years. I have given ... A: There is no law in India that prohibits receiving salary from two employers. For example,if you are ... | |
| Relieving after resignation | 11/24/2010 |
| Q: Greetings of the day! I am working in a limited company in India for last 3 years. I have given ... A: Keep things simple and thats what you want right now. You need to first decide which should have ... | |
| Relieving after resignation | 11/22/2010 |
| Q: Greetings of the day! I am working in a limited company in India for last 3 years. I have given ... A: In your case, as far as the legal position goes, you are bound by the terms of the agreement you had ... | |
| Liability | 11/15/2010 |
| Q: John, a company in California provides group health insurance as an additional ammenity to members. ... A: Well so long as the group health insurance is a product of the insurance company, the relationship ... | |
| Brand Value; measure | 11/2/2010 |
| Q: My father is planning to separate from his business partners. At the moment we would like to know ... A: The exact assessment of brand value is done by an auditor and not a lawyer and hence you are ... | |
| Regarding relieving letter | 10/11/2010 |
| Q: but I have few more queries regarding this. I would like to ask you that can they send me some court ... A: I think you are mentioning the relieving letter. There is no chance that they can send you any ... | |
| Regarding Relieving letter | 10/8/2010 |
| Q: I am working in a reputed company and I am new joinee here, I have joined the company on 27th Sept ... A: If you have already paid the bond money, the company does not have any reason to withhold the ... | |
| Closing Corporation | 10/5/2010 |
| Q: This is about dissolving a company in California. And this question partains to Item 3 on the ... A: There will be a date in the application to specify the last date of business, and after the date ... | |
| Closing Corporation | 10/5/2010 |
| Q: This is about dissolving a company in California. And this question partains to Item 3 on the ... A: In your case, if you have left no assets for the company which can be used for settlement of debts, ... | |
| Choosing the correct attorney | 9/26/2010 |
| Q: Mr. Varghese, With so many attorneys specializing in different fields, I have no ... A: I may not be able to help you out by suggesting an attorney, but I may be able to advice you that if ... | |
| credit delinquency | 9/10/2010 |
| Q: I became unemployed a little over a year ago, couldn't find a job so began collecting social ... A: I think it is not a good idea to leave the case unattended and allow a judgement to be passed ... | |
| Conflict with church board members | 8/3/2010 |
| Q: It is a conflict of interest for a pastor to serve on the board of directors (VP) of the church. A: It depends. A pastor has got a tremendous influence among the members of the church, but since a ... | |
| Distributing Free Software | 7/26/2010 |
| Q: I have noticed that many Freeware have a legal note stating “free for non-commercial use” I wanted ... A: When we are talking of software, we need to understand that the word "free" is used in the sense as ... | |
| Please advice | 7/9/2010 |
| Q: I am in a mess. I recently rented a place by looking at an ad. The landlord 35 Years old male lives ... A: Since your land lord has clarified that there was no theft, and that he had taken the computers with ... | |
| 176,006 local government code | 6/2/2010 |
| Q: I am a small one owner graphics firm that is trying to design yearbooks for schools. I was asked to ... A: Conflict of interest simply means when doing business with a firm, you dont have any interest which ... | |
| copyright infringement | 5/2/2010 |
| Q: I want to send a celebrity a t-shirt that has his name and phrase (copyright) on it. I am not ... A: So long as the celebrity appreciates this gesture, there would not be any problem. However it would ... | |
| New Corporation | 3/6/2010 |
| Q: Just started a corporation for a new business. I have received all the paperwork (EIN, corp. books ... A: It is assumed that you have got the certificate of commencement of business,and all other relevant ... | |
| Registered agent | 1/26/2010 |
| Q: Greetings and thank you for taking my question. I am a partner in a small LLC. We incorporated ... A: First of all, we need to know in which country and in which state you have registered the LLC, since ... | |
| Shareholder Rights | 1/26/2010 |
| Q: Hopefully you can answer a question for me. I own 20% of the shares of a small California ... A: Please make a complaint to Companies Department of California, as a minority shareholder pointing ... | |
| corporate governance | 1/19/2010 |
| Q: i want to know that what is corporate governance and how we find that ,any companies how apply ... A: Tanu, Corporate governance is nothing but best practices adopted by companies to bring in better ... | |
| Make holding company a member of operating co? | 1/18/2010 |
| Q: Is there any reason to make a planned holding company LLC (wife and me as members) a member of our ... A: I think you have missed my point- the point is- you/wife/operating company does not have any ... | |
| Make holding company a member of operating co? | 1/16/2010 |
| Q: Is there any reason to make a planned holding company LLC (wife and me as members) a member of our ... A: The reason for making the company a member is for you to figure out. What I can advice is whether it ... | |
| updating past corporate records | 1/2/2010 |
| Q: For a C-corp, how can the corporate records and minutes be updated for year's past? Is this ... A: If the filings are perfect, better not to go into the past, but focus on future record maintainance. ... | |
| updating past corporate records | 1/2/2010 |
| Q: For a C-corp, how can the corporate records and minutes be updated for year's past? Is this ... A: The question can't be answered unless I am told the purpose for updating records for 15 years. ... | |
| New Board of Directors for previously inactive Corporation? | 12/27/2009 |
| Q: I'm helping a small business right now and have a question about the board of directors. 15 years ... A: While it all depends on what paperwork has been submitted as well as the Memorandum of Association ... | |
| sale of company or shares | 12/1/2009 |
| Q: I want to sell my interest in my company. It's a privately owned close corporation in California. ... A: Since the person whom you have found is just negotiating a deal and is not coming within the ... | |
| Two possible cases | 11/25/2009 |
| Q: Both of these cases have some complexities to them, so I will try to be brief. All I am really ... A: In both these cases you have a good case and if you file a case you have every chance to succeed ... | |
| Are you able to help? | 10/1/2009 |
| Q: I realize that this isn't a civil matter but I was unable to find a All experts listing for criminal ... A: First of all let me appreciate for the good work you are doing. Only a few people has the moral ... | |
| long gone sell by date | 9/24/2009 |
| Q: I was wondering if you can help me. This morning I went shopping at a large supermarket chain store ... A: You surely have a case!. As per food laws of most of the countries, no retail store shall stock any ... | |
| Non Profit Organization | 9/1/2009 |
| Q: I have a question. I have been thinking of starting a non profit organization here in my home town ... A: n the United States, nonprofits can operate as unincorporated associations, charitable trusts, or ... | |
| Non-Profit Organization Requirements | 8/30/2009 |
| Q: My question comes in several parts and I'm not sure which one to ask first, so I'll just ask. In the ... A: The answer to your question would depend on the state in which your organisation is incorporated. ... | |
| Reasonable Expectation of Usability | 8/25/2009 |
| Q: We supply automotive parts and I'm working with a steel company who has been sending some raw ... A: It all depends on the terms of the contract you have entered with the steel company. Please check ... | |
| Renting a room | 8/14/2009 |
| Q: I started to work for a company about 8 months ago where part of the agreement is that I relocate ... A: This is purely a personal issue, and there is no law which covers this area. The only thing is that ... | |
| Please help!! urgent! | 8/8/2009 |
| Q: I have a client that owes my company approximately $300,000. That client (company) have 2 partners, ... A: Since you have a bounced cheque, and if you intend to bring an action on bounced cheque, both the ... | |
| Leaving a Business partnership | 8/4/2009 |
| Q: I entered a partnership (LLC) in the restaurant industry, purchasing an existing restaurant. ... A: Your liability stops the day you leave the organisation. In case of past liability, the following ... | |
| Business Entity | 6/25/2009 |
| Q: I am starting a new eCommerce business and will be selling products worldwide. Which business entity ... A: The type of business entity depends on your specific needs regarding taxation etc. Any model is good ... | |
| dissolving or ending a corporation | 6/23/2009 |
| Q: I've had a C corporation for my insurance agency since 2000. I am planning on retirement soon and ... A: Either you can file a winding up application or a bankruptcy petition. I would suggest that you meet ... | |
| 401K release... | 5/26/2009 |
| Q: I don't know if this is your field of expertise...but perhaps you can still provide some advice on ... A: I need to explain this a bit on two fronts: Legal and Practical. First Legal. As I understand from ... | |
| currency | 5/2/2009 |
| Q: i want to know that how much currency that can be produced in ones countries Mint for one year? and ... A: Vijay, This is an economics question. So far as I know, there is no law related to this, but ... | |
| Authority to accept a corporate directors resignation | 4/24/2009 |
| Q: Company A is a non-profit. The members of company A elects Directors to corporation B, also a ... A: Generally Directors submit their resignation to the board of directors, which is a collective body, ... | |
| Contral Law | 4/23/2009 |
| Q: I entered into a car rental agreement for a former associate of mine. I signed as the renter and my ... A: It seems you have unnecessarily mixed up issues. While the company is defenitely wrong in changing ... | |
| USA Directorship of Incorporation | 4/1/2009 |
| Q: I have been issued a letter of appointment by a USA Inc., signed by a non USA resident, claiming to ... A: As I understand, this is an appointment letter, and the easiest way to avoid this is to reject the ... | |
| Contracts | 3/27/2009 |
| Q: Can you please tell me the difference between corporate consortium and contractual consortium? I ... A: As far as I can understand this is not a legal topic. Consortium is the name given to a group of ... | |
| Bankruptcy question | 3/17/2009 |
| Q: Mr. Varghese: I recently won a judgment against a former employer who did not pay me a significant ... A: In this case, the decree was obtained after the filing of Chapter 13. While it is an automatic stay ... | |
| Bankruptcy question | 3/17/2009 |
| Q: Mr. Varghese: I recently won a judgment against a former employer who did not pay me a significant ... A: I would need a couple of clarifications before I can fully answer your1. Did you obtain the ... | |
| interstate registration | 3/9/2009 |
| Q: Does a corporation registered in Nevada need to register as a corporation in Florida and California ... A: When you initially incorporated your business, the State in which you filed is the only State in ... | |
| Should I form a foreign entity or a new corporation? | 3/7/2009 |
| Q: I currently have a company in Colorado and I need to setup another location in Texas and I would ... A: The question is not clear. The question whether you should form a foreign entity or a new ... | |
| SSI,Patriot Act, no part-time employ | 3/3/2009 |
| Q: I'm a disabled man of 44 collecting SSDI. Shortly after the Patriot Act was passed in 2001, it seems ... A: First a word of caution: I am not residing in USA. As far as I understand about the US laws, the ... | |
| USA Directorship of Incorporation | 3/2/2009 |
| Q: I have been issued a letter of appointment by a USA Inc., signed by a non USA resident, claiming to ... A: There are two ways: either you can check up in the company's website if any or you can check the ... | |
| SSI,Patriot Act, no part-time employ | 3/1/2009 |
| Q: I'm a disabled man of 44 collecting SSDI. Shortly after the Patriot Act was passed in 2001, it seems ... A: I need to know a few things before I venture to answer your1) Apart from your disability, is there ... | |
| Recall from previous questions | 2/18/2009 |
| Q: John, In the previous questions, you quoted section 11303. Do all these rules still apply if the ... A: It is applicable to all public offices. Normally such associations come under the defenition of ... | |
| Homeowners association board removal | 2/17/2009 |
| Q: John, My community is located in California. We have recently submitted a recall petition for the ... A: As I understand, your calculation is correct, though for a different reason. It is not the election ... | |
| Homeowners association board removal | 2/16/2009 |
| Q: John, My community is located in California. We have recently submitted a recall petition for the ... A: As I understand, as per California Law, recall is considered not on the basis of membership of ... | |
| Homeowners association board removal | 2/15/2009 |
| Q: John, My community is located in California. We have recently submitted a recall petition for the ... A: As per California Law, the following is the provision applicable for withdrawal of the recall ... | |
| How can I prove this due bill was false? | 2/6/2009 |
| Q: I met my boyfriend on Mar. 2002. He's unemployed. we moved together in June. In Oct. I was pregnant. ... A: If you can prove that in 1999, there was no chance for you to have met this boyfriend, you have a ... | |
| How can I prove this due bill was false? | 2/4/2009 |
| Q: I met my boyfriend on Mar. 2002. He's unemployed. we moved together in June. In Oct. I was pregnant. ... A: Seems you have entered into a legally binding obligation by signing the due bill. In fact what you ... | |
| vehicle purchase agreement | 1/25/2009 |
| Q: I have signed a vehicle purchase agreement one day ago and decided I do not want the rust-proofing ... A: If you write to the company stating that while signing the vehicle purchase agreement you had never ... | |
| Power of Attorney | 1/22/2009 |
| Q: I we reside in Florida. My mother is 87yrs old, and i want to become guardian of her so that she can ... A: Power of Attorney is not a solution, since it is meant to allow a person to represent another ... | |
| Company law | 1/12/2009 |
| Q: Can you please help me on this? One of the director of a property maintenance has a piece of land ... A: The company can purchase the land, provided proper disclosures are made to the board about the ... | |
| wage decrease | 12/27/2008 |
| Q: I was a member of management in a retail food chain and decided to go part time while taking part in ... A: If there was a written agreement, based on which your parttime wages were fixed, there is some hope. ... | |
| Board of Directors | 11/15/2008 |
| Q: How can you discipline a Board member for tardiness and absence to Board Meetings? A: Bring a resolution to remove him from the board. If you dont want to go that far, resolutions can be ... | |
| Dissolving a corporate partnership | 9/22/2008 |
| Q: My partner (who is an officer in the S-Corporation) has decided to leave the corporation for health ... A: In that case, it is better to make an agreement containing the details of separation. Also make a ... | |
| Dissolving a corporate partnership | 9/21/2008 |
| Q: My partner (who is an officer in the S-Corporation) has decided to leave the corporation for health ... A: To answer this, i need to know, which capacity he held in the company- was he just an officer, or a ... | |
| LLC | 9/16/2008 |
| Q: Is there any way as to find out the names of members in an LLC ? Thank You Tom C. A: Yes. The incorporating document of every LLC is a public document.So are its Articles/Memorandum of ... | |
| corporate governance | 9/9/2008 |
| Q: sir i am unable to find the answer given to meena please mention the date or please resend the ... A: Please find below the answer: hi, infact Corporate governance is a misnomer. It is actually Good ... | |
| Strategic management | 9/8/2008 |
| Q: Explain the concept of Corporate Governance. Why has it become necessary for business houses to have ... A: infact Corporate governance is a misnomer. It is actually Good Corporate Governance. The concept has ... | |
| information system for managers | 9/8/2008 |
| Q: 1. How do technological advances affect the spread and use of the Internet? What industries should ... A: I should not have attempted to answer this question,since this is better explained by a manager/IT ... | |
| Corporate consents | 9/6/2008 |
| Q: What is the difference between corporate consents and corporate records? I incorporated several ... A: I am unable to understand the first part of your question. Can you explain your question a little ... | |
| Church - School conflict of interest | 8/20/2008 |
| Q: Our church makes official decisions by membership vote. We recently voted to host an independent ... A: I dont see a conflict of interest position for the following reason: 1) The church is not a legal ... | |
| statement of information | 8/19/2008 |
| Q: Varghese--My husband & I incorporated a small business in Jan '05. We've kept minutes of meetings ... A: Seems its better to give charge to your attorney. My view is that it is always better for you to go ... | |
| c corporation | 8/3/2008 |
| Q: How can my wife and I start a c corporation and not own any stock or shares. I only want to be an ... A: It seems to be difficult. Legally you cant be an employee and yet be in complete control. Even if ... | |
| c corporation | 8/3/2008 |
| Q: How can my wife and I start a c corporation and not own any stock or shares. I only want to be an ... A: Corporation is a seperate legal entity. There has to be some one who should subscribe to the shares ... | |
| c corporation | 8/3/2008 |
| Q: How can my wife and I start a c corporation and not own any stock or shares. I only want to be an ... A: Since you are in bankrupcy, it would be difficult for you to start a company. However a way out is ... | |
| Job Interview | 7/20/2008 |
| Q: What are your thoughts on giving your employees the power to decide the best way to resolve customer ... A: Though this is outside my expertise, I am sharing my views with you, which are purely personal. As ... | |
| Corporation vs LLC funding and management | 6/18/2008 |
| Q: I Have a product to sell. A peppermint candy with caffeine added. I am trying to decide on LLC vs ... A: All these positions cannot be held by the same person. You need to have one President and one ... | |
| Corporation vs LLC funding and management | 6/18/2008 |
| Q: I Have a product to sell. A peppermint candy with caffeine added. I am trying to decide on LLC vs ... A: No. A Corporation should have some employees,some of which are mandatory as per Companies Act. LLC ... | |
| corporation question | 6/2/2008 |
| Q: I started a business with my ex girlfriend and started a corporation to put the business under. ... A: If there was a clear mention in the documents you filed, that the total stock of the company shall ... | |
| corporation question | 6/2/2008 |
| Q: I started a business with my ex girlfriend and started a corporation to put the business under. ... A: Now I am also a bit confused. I dont understand how a corporation can be formed without Articles. ... | |
| corporation question | 6/1/2008 |
| Q: I started a business with my ex girlfriend and started a corporation to put the business under. ... A: In corporations, owning the share and stock and being the President is seen as two seperate things. ... | |
| Starting a Portal | 4/29/2008 |
| Q: I am working with one of the top IT MNC's of the world. I want to start a portal without quitting my ... A: Your question is clear.A petty shop owner is also employing personnel though he is running the show ... | |
| Starting a Portal | 4/29/2008 |
| Q: I am working with one of the top IT MNC's of the world. I want to start a portal without quitting my ... A: 1. No need ..u can start as a sole proprietor and then consider forming a company on the basis of ... | |
| unincorporated association | 4/28/2008 |
| Q: What is an unincorporated association and how is one formed? A: It is an association of persons. Any number of person can join together, and without sharing any ... | |
| Governance reforms affecting Europe, and those implementing by Europe | 4/26/2008 |
| Q: My friend recently asked about the governance reforms in the US following the Enron, Tyco and ... A: The regulatory changes in US affected all companies, which had operations in US or wanted listing in ... | |
| Corporate Governance in USA | 4/24/2008 |
| Q: Varghese, After the scandals of Enron, Tyco and Worldcom it has been suggested that there were ... A: The NYSE & NASDAQ listing regulations, federal regulations by SEC are some of the other regulatory ... | |
| Incorporation | 4/23/2008 |
| Q: Does the state of FL require a termite service to be incorporated or can it be a sole proprietor? ... A: Normally it is ur choice, whether to incorporate any business as a corporation or not.After going ... | |
| Loss of Corporate charter | 4/21/2008 |
| Q: Are there any legal ramifications of a corporation continuing to do business if its state charter ... A: Well Warran, The business may be active, but in the eyes of law, the business is not run by a ... | |
| Loss of Corporate charter | 4/21/2008 |
| Q: Are there any legal ramifications of a corporation continuing to do business if its state charter ... A: Please specify the following so that I can answer this better: 1). State in which the corporation ... | |
| How to start up a non-profit organization | 4/19/2008 |
| Q: I'm in the process of starting a business and Im trying to figure out if I should run it as a non ... A: A Non Profit organisation in US can be formed as either a Corporation, Association of Persons or a ... | |
| How to start up a non-profit organization | 4/16/2008 |
| Q: I'm in the process of starting a business and Im trying to figure out if I should run it as a non ... A: Normally business cannot be run as a non profit organisation. Business by defenition is for profit. ... | |
| Power of Attorney | 2/12/2008 |
| Q: I have a friend in Calif. who gave power of attorney to a man in Colorado. How can she "undo" that ... A: Write a letter to the power holder with cc to all those before whom the power is to be utilised ... | |
| Conflict of Interest | 1/28/2008 |
| Q: Is is a conflict of interest for a Chairman of the Board of Trustees (Directors) to also be the ... A: It depends on the relationship status. If it is a pure volunteership,there wont be any conflict of ... | |
Corporate Governance and Legal Compliance
Answers by Expert:
John Varghese
Top Expert on this page
Expertise
All types of legal issues, and even advise on family and interpersonal relationship..
Experience
10 years post qualification expertise as a lawyer and legal manager
Education/Credentials
LLM Commercial law Criminal Law
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