help for 1st director
kaustubh a waghmare
(Querist) 10 December 2008
This query is : Resolved
sir,
a pvt ltd company was formed in 2002.
a factory was bought in navi mumbai under this company. then above said company is also SSI register & stamp duty also paid.
but now 2nd director is running the show alone under his own proprietary firm & denying the right of 1st director also.
as 1st director is suffuring for sever joint pains & having money problem too.
company is only formed for name directors are not having there own pan/din or any other documents on there indivisual name only formation is there.
2nd director is having lots of credit cards loans going on this add.
in this matter how can you help us ? which will be easy & cheap way to remove the 2nd director
thanks
kaustubh
Manish Singh
(Expert) 10 December 2008
what is the composition of the board of directors ?
if the board of directors decide to remove that person from the borad, they can make it by resolution suject to some other conditions.
in other context you can interfere in the company's affairs since a single person cant regulate the compnay alone. ther must be some mismanagement.
otherwise file a complaint in CLB if you hold more than 10% equity.
