28 June 2008
If company director is doing something wrong then as per the companies act after taking safety of the remaing director what remedies available so that removed director will not take any action which affect the continuing director.
if one has to take proprer care then which section of the companies will look in to for any penal provision against the continuing director, has to face if they forceably removed the director doing mischief.
is removal is based on the majority share holding criteria. it is a pvt. company limited by shares and 1 group holding 66% vs another group holding 34% shares and the minority are foreced to quit.
CAclubindia
