Division among partners and directors and shareholders
syed niaz ahmed shah
(Querist) 18 August 2015
This query is : Resolved
can any partner or director arbitrarily without settlement of accounts or acceptance of the date for division takeover a company or firm and by fraud change the shares of the company or partnership without the knowledge or attorney of the person whose shares have been changed .
what should the Arbitrator if made do , whether to accept the date of division or verify the facts and if facts are correct as said above can the guilty be booked under any criminal act and partnership act and companies act
malipeddi jaggarao
(Expert) 19 August 2015
Answer is in your query. Any fraudulent act is illegal.
Rajendra K Goyal
(Expert) 19 August 2015
On the face, the act is illegal, consult local lawyer and show him all the documents.
