Save Rs 588 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

Directors plight

Save Share

Join Us Follow Us Add as Source

This query is : Resolved

Report Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

13 June 2014 I AM A DIRECTOR IN PRIVATE LTD.CO.WITH 15% SHAREHOLDING THERE ARE OTHER TWO DIRECTORS WITH 15% AND 48% SHAREHOLDING. THE OTHER TWO DIRECTORS HAVE APPOINTED SOME OUTSIDER TO RUN THE WHOLE COMPANY WITHOUT MY CONSENT AND KNOWLEDGE. BEING A DIRECTOR WITH 15% SHAREHOLDING THE PERSON WHO IS APPOINTED TO RUN THE WHOLE COMPANY BLUNTLY DENIED ME ANY INFORMATION REGARDING THE COMPANY RUNNED BY HIM AND TELLS ME THAT IF I REQUIRE ANY INFORMATION REGARDING THE COMPANY I HAVE TO ASK THE OTHER TWO DIRECTORS WHO ARE NEVER AVAILABLE.HE ALSO TELLS ME THAT I AM NOT ALLOWED TO CONTACT ANY PERSON WORKING IN THE COMPANY FOR ANY INFORMATION OF WHOM I AM A DIRECTOR AND A SHAREHOLDER AS HE HAS BEEN GIVEN FULL AUTHORITY BY THE OTHER TWO DIRECTORS.

Ankur Garg

Ankur Garg (Expert)

13 June 2014 I think this query has been resolved at some other page.

However no one can deny your rights as a director. You may approach some corporate law advocate for protection of your rights.

Remember 1 thing you are liable as a director so you should exercise your rights asap.

Thanks

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now