Financial implications

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 June 2014 I AM A DIRECTOR IN A PRIVATE LTD. COMPANY WITH 15% SHARE HOLDING THERE ARE OTHER TWO DIRECTORS WHO HOLD 15% AND 48% RESPECTIVELY IT BEING A FAMILY CONCERN THEY ARE TRYING TO SIDELINE ME. THE HAVE NEVER EVER CONDUCTED ANY AGM NOR THERE IS ANY BOARD MEETING SO THE QUESTION OF MINUTES DOES NOT ARISE BUT STILL THEY HAVE MANIPULATED ALL DOCUMENTS REQUIRED FOR THE ROC.THEY HAVE ALSO APPLIED FOR AN OVERDRAFT FACILITY WITHOUT MY CONSENT OR APPROVAL. I HAVE NOT SIGNED IN ANY OF THE BANK PAPERS WILL I HAVE TO BEAR ANY FINANCIAL LIABILTY ARISING FROM NON PAYMENT OF LOANS TAKEN FROM THE BANK IF SOMETHING GOES WRONG.
THE BANK HAS ISSUED A LOAN AND A PERSON WHO IS NOT A DIRECTOR HAS SIGNED IN THOSE DOCUMENTS WITH THE COMPANY SEAL AS BEING A DIRECTOR IS THIS A FRAUD AND CAN ANY ACTION BE TAKEN AGAINST THE OTHER TWO DIRECTORS AS WELL AS THE BANK

Amol S Joglekar

Amol S Joglekar (Expert)
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12 June 2014 knowing that they have done this and still you did not act on it.....this can go against you. So please, act fast and inform the Bank accordingly......don.t forget to take the acknowledgement of the letter submitted by you to bank

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