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K Sivakumar (Advisor)     28 September 2015

Rights of minority shareholder

A minority shareholder 10 % shareholding in a Private Limited company needs advice. Please see details attached

K Sivakumar

 

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Learning

 1 Replies

Waseem (Junior advocate)     30 September 2015

Hi,

I read your attachment. This seems to a clear case of cheating and mismanagement of company affairs. As you have stated that you are 10% share holder in the company you have remedy available both civil and criminal to bring the Directior A to books. You can approach CLB for mismanagement of company affairs by Director A. Simultaneously your can file criminal complaint against Director for cheating, forgery, breach of trust and misuing the powers vested in him and thereby causing monetary loss to you. Please feel free to contact me in case you need any help.


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