Remedey
Querist :
Anonymous
(Querist) 16 June 2011
This query is : Resolved
A friend of mine was working with a planatation company till Feb,1998 after which he resigned and obtained a letter of no dues. He was also given a copy of From 32 ,along with the copy of ROC fees towards it by the company's officials.
In Oct ,1998 , the company got closed with the reprcussion , few investor filed a FIR . The police included the name of all 8 subscriber in the FIR U/s 406,420,467 & 468. While chargesheeting the police droped 4 people. The friend had to obtain bail and since then the case has not come on the charge..
The friends contention is that the money was depsoited with the company and not with him . During his tenure ,he signed on the company documents but never interacted with any customer either personally or otherwise . He was also not involved in the transaction with the investors. The investor also does not know him or ever met him.. My question is ,
what can he do to defend himself ?
Is is repsonsible for the omission ,after 8 months of his resignation ?
How is that he being charged in person for 420/467/468 ,when there was never any party to payment recived or made personal interaction with the complainant ?
In the company only MD was authrised to withdrwa the money ?
Then investor did not make complaint against company before the CLB and instead ,without knowing named all the subscribers of company.
As an director of public limited company how is he responsible?
Since the charges have not yet been framed ,what course of action should be take from him...
