Myself,my brother and our uncle(my dad's brother) are directors in a pvt. ltd. firm in Pune.The premises where we manufacture belongs to my father in MIDC.It was mutually decided that me n my brother would resign from the firm and uncle would keep the firm but vacate the premises.My father wants us to resign only after my uncle vacates the premises and uncle wants us to sign before he vacates.My father has the fear that uncle will not vacate once we resign and uncle has the fear that we wont resign once he vacates.
Uncle has been handling transactions of the firm and we assume fraud activities since want to get rid of it ASAP so that we have no liability.
My Questions-
1)Any way-out so that both parties are satisfied?
2)Since me and my brother form majority,what rights do we enjoy to teach my uncle a lesson?
3)Is it possible to suspend a director in pvt. ltd. co., if yes how?
Regards,
Sanjay
Dear Sirs/Ma'am
I need ur help (as I m pursuing LLM in Business law) in this. Which points I hv to include in this question.
" Discuss legal regulations over Economic Enterprise in the context of the Provisions in the Indian Constitution "
please help me
thnks
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