Dear Sir
A Private ltd company was formed by the existing shareholder with the 2 directors same in board of the new company. The name is identical except a word of Trans has been added to cargo.
This has been done without the permission of the existing shareholders who were holding 70% stake in the existing company.
Is there any remedy available for the existing shareholders to file a case, For additional information a case has been filed with CLB (before which new company was formed) for default by the existing director for non compliance and appointing of additional director which has need been ratified in AGM.
No minutes or resolution has been filed with ROC for approving the additional director in the AGM.
Please quote with provisions of Company Law how the remedy can be seeked for fraudulent activity by the existing 30% shareholder who is the director and Shareholder of both new and old company
