My company has been faced with a peculiar issue.
One of the senior management professional who was appointed last year has decided to resign from the company to pursue his personal venture.
However the line of business is similar to that of my company and what is more shocking is that this senior person has concealed the fact that he is still a Managing Director in company where he has shown himself to be a senior management employee.
As per the ROC website he is still the MD of the company but to us and his linkedin profile show that he is no longer associated with the given company in any.
Our appointment letter clearly states that there can be no concurrent employment and this person by being a MD in company while being employed with my company has flouted the clause of his appointment letter.
I would also like to know from my esteemed colleagues that as per Companies Act 2013 can a MD of a company while still being a MD of that company be a full time salaried employee of another company which has no association whatsoever with the company in which he is a MD.
Also thus this constitute forgery and cheating.
Please advice.
Regards
Sujata
