surinder (trader) 30 August 2008

partner trying to evict me after 12 years of using me/please help

dear lawyer friends this is top inform you that i had started a company with two of my colleagues working in the previous company 12 years back ,as we had the trading of computers as our line two people took up sales and one of them took up the responsibility of suppport and finance ,after the company has stabilised ,the support guy is asking us to move out by giving us a paltry sum,one of the partners has agreed while i dont want to give in as i have spent a good number of years in building up this enterprise the clients that we brought in were not supported to that much extent as a result inspite of that there was no let up in sales at all now after 12 years i dont have that much of energy to restart a new enterprise as now i am suffering from asthma and knee pains it is my humble request to suggest me a) how can this guy evict me?is it possible b) it started with a partnership but we formed a pvt ltd after four /five years c) what action can i take against this guy? d) if i stop working and just sit down can he evict me on grounds of non working? e) if i start a parallel company and keep on taking remuneration from this also ,will it be treated as fraud? f) can he stop a buyer from buying the company? g) how are the ways he can harm me? an early answer would be appreciated regards surinder an early reply would be highly appreciated

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3 Replies

surinder (trader) 30 August 2008

i am still one of the directors with equal share

regs

Shyla (Student) 31 August 2008

Dear ma'am,

Im just a student so i cant help u but i cn only concole u by assuring u that nothing wrong will happen n have trust on GOD.Also sad 2 hear about your health problems. Just pray 2 god n if not law then surely god will help u.Do take the advice of this student.

Thank u

with regards,

Shyla.

reeta (Attorney) 02 September 2008

its humble advice to you that if you stop working, it will seriously harm you nor you can gain advantage from 2 firms at the same time but positive thing is that your partner cannot expel you.As it is 3 members company, so decision will be taken by majority only.He alone cant do anything.Another thing is, if all of you agree, the company can be sold to some one else or any of you. If you are not paid adequate amout while leaving the company, you can sue in the court. In that case liquidation of company will be done by court only and your other partner cannot take undue advantage in that situation.so, play safe and dont worry.