kushal jain (Executive) 13 June 2015
Hi Experts,
Here is a situation of dead lock of business, where in a company there are 3 directors of which one dorectors is dispute with other and want to take away all his clents from this ABC Ltd company to his newly formed company XYZ Ltd and even all his client are ready to contract with new company i.e. XYZ ltd can this is possible can the other director take legal action against this action of taking away clients and even emplyees to new company ???
N R Dash.. (Advocate) 13 June 2015
There lways remains a foreclosure or termination clause in the contract or agreement between parties. Refer to that.
Further, without checking your MOA & AOA it is very difficult to give you any advise regarding the prosecution of the director.
Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 ) 20 June 2015
Resolution has to pass in ABC ltd. for removal of the director from the position and notice to public.
Krishna. Advocate (Advocate) 16 July 2015
Please Contact
T.C Krishna
Lawyer
Corporate and Labor Law
09447963440
S K KARNjhc (Legal Adviser) 21 July 2015
Good suggestion by learned ramacharya sir
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