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legality of buy back pf shatrs

(Querist) 13 March 2016 This query is : Resolved 
How can a company fotefeit partly paid up shares,where as apromoter can run co.inloss for years.Ashare holder is also a promoter.He shuld get back shares after paying int.and all dues.Take case of Essar oil,ptomoter still enjoying all right, small invesyers ate not promoters
R.K Nanda (Expert) 13 March 2016
state real facts, if any.
Rajendra K Goyal (Expert) 13 March 2016
State material facts.


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