LCI Learning
Master NDPS 2.0: Latest Legal Developments, Best Practices & Landmark Case Studies

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

koteswara rao jonnalagadda   06 March 2012 at 01:00

`collecting back the investment in pvt ltd company

to,
respective company lawyers,

i am from hyderabad,
my self and 'b'floated a company at hyderabad in the year 1994 and started service activity to entertainment industry with a sharing pattern of 20% mine and 80%to b .accordingly invested and informed to r.o.c of hyd.
from first year onwards company growing with profits.
in the year 1995 we took 'c'as director and he was alloted 20% intially and subsequently this become 29%
.
in the year 96-97 the share pattern is as under.
mine is 20%
b's is 51%

c;s is 29%

company entered in to mfg and assembling activity with latest work shop.it build huge asset base for leaseing to entertainment industry.till 1999 i was looking after some activity and i have given my assets to bank as colletaral for working capital.
from 1999 on wards b and c to geather avoiding me from company activity and not informing me any thing and sold 200lacs 300 lacs equipment to a relative of 'b' by under valuing @30% and diverted that money to 'b's personnel a/c and forced me to subhmit resignation.'c'taken over the rest of equipment and doing similar business on different name.
i have shown strong resistence and asked for the total a/c but they togeather thretend and not shown any a/c.
in the year 2008 'b's manager came to with a share transfer form for transfer sign and promised me that he is going to bring rs40 lacs cheque as commited by 'b&c'.
i have signed on trasfer form and given to the manager and he did not turnd up.
subsequently i went to r.o.c of hyd and checked the file there it was showing as my shares was soldin the year 2000 to 'b's daughter who was staying at u.s.a and submited form 36 in the year 2000 it self as if i resigned at 2000 it self.
kindly advise me at this juncture what type action will help me to get back my money at this age of 56.
with regards,
koteshwara rao jonnalagadda
e-mail;jkoteshwararao@gmail.com
cell;91-8106998849.

sruti gupta   05 March 2012 at 14:57

Independent directors

what are the consequences of not having the proportionate number of Independent directors in a listed Company as per clause 49 of the listing agreement and will the Board meeting, minutes, etc. of such Company be held valid, till the continuation of such default.

shyam   04 March 2012 at 21:38

Msme act 2006

if A is giving a supply contract order to B. A and B are government undertaking establishments, B in turn add 4 private firms as constrium members and given the supply order equally to 4 firms and all the firms are indicated in the purchase order, Now there is a delay in payment in the contract. one of the constrium member say x is now filing delayed payment interest under msme act 2006 with first respondant as B and second respondent as A.
All cheque payments given by A is only to B. Under the circumstances , is it correct whether adding second respondent as A is legally correct?

prem   03 March 2012 at 18:10

Regarding cheque return.

I had issue 2 cheque of re 50000 & 100000 to a company on 17/11/11 and 19/11/11 Respectively.Due to some finiancial problem boath chque return.I had made a payment of Rs 20000 by cash and Rs 50000 by cheque on 19/01/12 and 10/02/12 (I had the recipt of 2nd party which i pay.)Now the 2nd party send me notice for cheque return of Rs 50000 & 100000 please tell me what i do ? i pay him 80000 the rest amount or will i have to pay the payment of Rs 150000.
Prem
9934366606

R.Sai Krishnan   03 March 2012 at 13:31

Co -operative housing society

respected Experts

would be obliged if the experts can provide me checklist and the documentation for the registration of co-operative housing society

Poonam   03 March 2012 at 12:28

Companies act 1956

can any pls tell is there any case law related to section 201 of companies act 1956 where directors are held liable for gross neglingence pls its urgent

Prithviraj   02 March 2012 at 01:10

Can a pwd registered civil contractor register as consultant

I am Civil Engineering Graduate, I have 15 years of Experience in Construction field both in execution and design. I am Registered as PWD Class 1 civil contractor for 7 years, can i register in the same department as Consulting Engineer.

Advocate Rajamahendra Varma P   01 March 2012 at 22:45

Request for apprenticeship

Wrong post. Purpose solved. Thanks.

B@75BHAIBABU   01 March 2012 at 19:41

Under which law and court to take legal action

sir
i sent a email to a physiotherapist company about their products.they sent product along with their cost through email.as i liked one product whichwas about 36000 but not within my budget i replied-sir i wish to purchase the product @20000s.if possible please reply.company head replied me-you are a drunkard shameless and workless timewaster.sir as i am hurt i wish to take legal action against him.is it possible?if yes how and under which law
i shall remaimn obliged if i may kindly be replied

VIVEK SINGH   01 March 2012 at 11:38

Insurance

Dear sir,
what is the difference between Ist party insurance and 3rd party insurance of a scooter.
Thanks!