Lost registered papers
shivshanker jain
(Querist) 18 January 2017
This query is : Resolved
there are two directors in company . one invested money to buy property in name of company , now other director has stolen original papers.
what precuation should be taken to prevent sale of property further.
none of director is having shareholding in the company
Guest
(Expert) 18 January 2017
See without shareholder resolution in general body , and that resolution is duly registered with MCA property can not be legally sold.
All your sentences are complicated telling or indicating that company is benami owner of property which was purchased by funds of some one.
It requires professional consultancy who will check all things , your balance sheet , company balance sheet , all resolution submitted in MCA , property documents (Duplicate you can get from registration office) . And most imp. it has to be decided that whose interest consultant has to secured , in this case everyone interst can not be secured easily so Advocate , Charter accountant , Company secretary has to decide first who is their client whose interest they have to take care and that person can be only one not multiple , and then to check out from various angles how to secure rights and put all things in order.
In your case it seems lot is complicated than what you are stating
Guest
(Expert) 18 January 2017
Mr. Shiv Shankar Jain,
A vague query!
By the way, in what capacity do you want "to prevent sale of property," by the Director?
Kumar Doab
(Expert) 18 January 2017
The establishment usually has its own legal cell/counsel/law firm, engaged by it.
Thus it can be guided by them.
To obtain duplicate copy FIR may be lodged, and newspaper publication may be released.
Kumar Doab
(Expert) 18 January 2017
Dear LCI author @ shivshanker jain,
You are welcome.
Rajendra K Goyal
(Expert) 18 January 2017
Agree with the advice from expert Madhu.
Dr J C Vashista
(Expert) 26 January 2017
Is it a partnership firm/company?
Whether the company is limited and registered?
The company is listed or unlisted?
What is locus and status of "director" who has not invested any money in the company and stated to have stolen title documents?
Consult a local lawyer with full details.
Rajendra K Goyal
(Expert) 26 January 2017
Author need to reply the questions / provide the sought information from expert.
