Go Ad-Free on CAclubindia with Daily Mobile Updates. Subscribe Now!

Absconding director of a company

sabyasachi mukherjee (27589 Points)

23 February 2021

director of a company is absconding.
how to grab ?
he has eloped with rs.1.90 lacs

Reply
Follow
Share

7 Replies

CA Altamush Zafar (GST Consultant) (15971 Points)
Replied 23 February 2021

File FIR with the police

Upgrade to CAclubindia Pro. Subscribe Now!

CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 23 February 2021

File FIR against director immediately

Chirag (Professional) (1979 Points)
Replied 07 March 2021

Send Him Legal Notice, Approved By Board and Reason or Justification for such notice including evidence in support and Call him to produce before Board/ Attorney Holder, and Demand back money within stipulated time ( Like 2-3 days) Through Registered post, courier or email, If not received any reply from him, then call board meeting to remove director due to disciplinary action before expiry of his term (subject to approval at ensuing AGM/EGM(14 days special notice is required) And As Per AOA) ,Communicate with ROC And Inform To Stock Exchange ( As Per Reg.30) ,then File FIR/Complaint to Megistrate with all relevant documents/evidence.....

sabyasachi mukherjee (27589 Points)
Replied 07 March 2021

The company has defaulted in providing services.
The company has moved out from its liason office .
The director is absconding.
A case can be registered against IPC .
It's a non bail able offence.
First a legal notice cannot be send to a person whose principal place of business is closed many a times.