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Tina Mittal (Freelancer)     09 January 2012

How to stop net banking done by partner

Dear Experts,

Please help. It is matter of life ! Please prove that there is law and orders in this country !

Managing Director (of a pvt. with 2 Directors) had done several wrong acts like forged the signatures of other Director to borrow several loans from banks and misuse of fund. Despite complaints from other Director and resolutions for joint signature to Banks and RBI, the managing Director still continue transfer the money from company account by net banking. Is there the way to stop it by other Director ?

Please help !

 



Learning

 1 Replies

Surendra Gupta (Banker)     10 January 2012

You can immediately write to the bank (by email/corier/registered post)  on the letter head of the company to stop operations in the account and cancel the net banking passord. Also visit the branch manager and hand over one copy of such letter against his acknowledgement with date time & bank  rubber stamp. In case, he takes no action, you have the option of lodging FIR in the police station


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