Mis-management and fraud by managing director

VIKAS (Querist) 22 September 2013 This query is : Resolved
the Company is under Compliance and has not filed its financials with ROC for 2011-2012 and also for current year yet. also the Managing Director of the company is doing some frauds. the company has issued unsecured debentures to the other Company and also the Director of other company is member and director for the same company too. currently the company is having Directors strength of 5 and also they are members of the company out of that one directors holding is 50% and the promoter cum Managing Director of the company is having holding of 27% (approx).

the Directors and members of the same company want to remove or restrain the Managing Director from doing further business Activity.

Kindly suggest the procedure and options attracting the provisions of Company Law.

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V R SHROFF (Expert) 22 September 2013
U hv any personal concern???
Or for AQ

ajay sethi (Expert) 22 September 2013
commercial query

Guest (Expert) 22 September 2013
Any connection with the problem?

VIKAS (Querist) 22 September 2013
its a gENUINE qUERY. sO PLEASE Reply for the same asap

V R SHROFF (Expert) 22 September 2013
MD can afford Legal Fees to engage Local Adv.
Commercial..
Purpose is to make money.
Why shd we experts offer FREE SERVICE???????