`collecting back the investment in pvt ltd company
koteswara rao jonnalagadda
(Querist) 06 March 2012
This query is : Open
to,
respective company lawyers,
i am from hyderabad,
my self and 'b'floated a company at hyderabad in the year 1994 and started service activity to entertainment industry with a sharing pattern of 20% mine and 80%to b .accordingly invested and informed to r.o.c of hyd.
from first year onwards company growing with profits.
in the year 1995 we took 'c'as director and he was alloted 20% intially and subsequently this become 29%
.
in the year 96-97 the share pattern is as under.
mine is 20%
b's is 51%
c;s is 29%
company entered in to mfg and assembling activity with latest work shop.it build huge asset base for leaseing to entertainment industry.till 1999 i was looking after some activity and i have given my assets to bank as colletaral for working capital.
from 1999 on wards b and c to geather avoiding me from company activity and not informing me any thing and sold 200lacs 300 lacs equipment to a relative of 'b' by under valuing @30% and diverted that money to 'b's personnel a/c and forced me to subhmit resignation.'c'taken over the rest of equipment and doing similar business on different name.
i have shown strong resistence and asked for the total a/c but they togeather thretend and not shown any a/c.
in the year 2008 'b's manager came to with a share transfer form for transfer sign and promised me that he is going to bring rs40 lacs cheque as commited by 'b&c'.
i have signed on trasfer form and given to the manager and he did not turnd up.
subsequently i went to r.o.c of hyd and checked the file there it was showing as my shares was soldin the year 2000 to 'b's daughter who was staying at u.s.a and submited form 36 in the year 2000 it self as if i resigned at 2000 it self.
kindly advise me at this juncture what type action will help me to get back my money at this age of 56.
with regards,
koteshwara rao jonnalagadda
e-mail;jkoteshwararao@gmail.com
cell;91-8106998849.
