Compensation ..

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B K D (Querist)
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05 August 2022 i am director in a company since Dec 2016 with stock options and salary . my company is getting closed but my compensation has not been paid since 4 years and the top management is not responding to my claims . Where and how can i claim or complaint as per the legal procedures ..

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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08 August 2022 File a court case consult a lawyer.

Adv. Ravish Bhatt, ADIT, CIOT

Adv. Ravish Bhatt, ADIT, CIOT (Expert)
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08 August 2022 So, you have claims against a company be it in nature of entitlement to exercise your options or any other sort of claims. I do not understand what do you mean by company is getting closed. If it is getting in a CIRP or liquidation, you need to examine whether your claim is a debt and need to raise your claim of debt before resolution professional and/ or liquidator as the case may be and in case of your claim not being accepted, you can challenge it before NCLT.

However, in a case of company being CIRP or liquidation, there is not guarantee that you will receive full amount.

Author: Advocate Ravish Bhatt
Gmail: ravishdbhatt@gmail.com
Link to Linkedln Profile: https://bit.ly/3IDGfsU

B K D

B K D (Querist)
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11 August 2022 There is no nclt procedure or any other case going against the company .. the major stake holder wants to close the company due to personal reasons . i had asked him for compensation and to transfer the company / shares to me so that i can run the company .. he had agreed but he does not want to pay compensation or even clear the liabilities . Past two years no audit has been done . His idea is that if one more year he does not file the audit the mca will strike down the company and he will not have to pay anything .

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