Recovery from share holders
mansukh pansuriya
(Querist) 08 August 2012
This query is : Resolved
dear sir ,
i am Mansukh pansuriya , and was running a private limited company . i was director , and my two younger brothers and father was also share holders .
and we earned money and purchased some properties on my father's name after that some business problems occured and we had loss of around 1.5 crore and now my father and brother refuses to give me share in loss and property in that case what can i do by indian law.
Guest
(Expert) 08 August 2012
You case would need detailed examination of your company's Memorandum & Articles of Association as well as the complete information about the property in question, including how the property was accounted for in the company accounts. So, any casual consultancy with brief query like this would not be of any help to you. You would therefore need to take consultancy by hiring services of an expert, but who should be expert in company as well as the property laws.
