Sahres not transferes

harkirat singh (Querist) 11 August 2009 This query is : Resolved
Dear All
I have joined a small pvt ltd company and filled form32 as directed by Ca of company. there after i given secured loan to that company whose authorised capital is 100000.
the loan amount is 1500000/- and all money is transfered on line to companies account.Now one of the director does't want to get me as director and want to do malpractice. sine funds are already transfered to company and to one of their fathers account.
My query is in case dispute happens on secured loan how this money to be recovered and how can other directors punished by law.
No receipt has been obtained yet, but money transfered is by on line and small amount deposited cash for which pay in slip has my pan number and name

How legally I can become strong. Secondly 200000/- I gave on interest for which promissory note is received and cheque is yet to be received.
In case they don't pay back what is legal action for both of above cases

Regards

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