18 April 2021
A Ltd Company is falsely reporting its authorized capital to be ten times than actual. What action can be taken against the Company - its directors ? What sections of law are applicable and where the case should be filed? What is remedy?
18 April 2021
Have you any proof regarding falsely reporting of companies capital and how it effects on your reputation. Don't blame on any one regarding his goodwill without any cogent evidence else have to face it's consequences.
19 April 2021
If you being aggrieved by a fraud committed by the company, you can report the complaint with Service Fraud Investigation Office through the Central Government. Fraud in relation to affairs of a company or any corporate body as defined in S.447 read with S.448 of the Companies Act 2013.
A Ltd Co. in its Company Master is showing 1.0 year 2011, authorized capital as 50 lakhs. 2.0 year 2021, authorised capital as 5 crore. In fact in BS of year 2012 & later the figure is deliberately is reported as 5 crore - no formality is done with the ROC to raise this capital. The balance sheets as on date carry the same figure of 5 crore. What steps to be taken in this case? How the responsibility be fixed - The directors, auditors, company? Whom to approach and how?
20 April 2021
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