A Private Limited company has been marked as having management dispute. What are the procedures to be followed further for clearing the issue and what are all the consequences involved if the company was marked as having management dispute
usharani (Partner) (33 Points)
18 March 2014A Private Limited company has been marked as having management dispute. What are the procedures to be followed further for clearing the issue and what are all the consequences involved if the company was marked as having management dispute
CA Saroj Kumar
(Keen to learn something new every moments)
(2588 Points)
Replied 19 March 2014
Plz elabrate ur query .....Whether the auditors of ur compnay has remarked as Management Disputed. of Something Else.
annemisty
(Student CS)
(32 Points)
Replied 19 March 2014
| Originally posted by : saroj | ||
 |
Plz elabrate ur query .....Whether the auditors of ur compnay has remarked as Management Disputed. of Something Else. |  |
No, it s our client company.Under Section 397 &398 of the Companies act,1956 regarding oppression and mismanagement on receipt of a complaint by the contesting party (Directors) ROC marked the company as having managment dispute. What are all the procedures to be followed for clearing the issue & what are all the consequences if the company is marked as having management dispute?
CA Saroj Kumar
(Keen to learn something new every moments)
(2588 Points)
Replied 20 March 2014
Dear as i tried to know about what are tremedies are available to the companies but i do not get muchh enough information but as i know
if ROC contended that Managment Disputed then the on recommendation of ROC C.G may appoint additional director removing existing director of company i think it may be remedy for keep in alive of company.
u may read here
https://indiancorporatelaws.blogspot.in/2011/01/directors-responsibility-removal.html
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