Company law board

hrishikesh (Querist) 30 December 2013 This query is : Resolved
There are 4 directors in a private ltd company.all having equal share holding of 25% one of the part premises of the company were sold and out of the money came

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ajay sethi (Expert) 31 December 2013
commercial query .

R.K Nanda (Expert) 31 December 2013
CONSULT UR LA.

Rajendra K Goyal (Expert) 31 December 2013
Repeated query :

http://www.lawyersclubindia.com/experts/Company-law-board-matter-under-section-397-398-426731.asp#.UsJyYLSLq_I

http://www.lawyersclubindia.com/experts/Loan-to-director-444386.asp#.UsJy2bSLq_I

BAALASUBRAMANNYAMM (Expert) 31 December 2013
Decision of majority can be taken, that too saves the interest of the company, which can not be stand before CLB, in case of challenge the majorities decision.

T. Kalaiselvan, Advocate (Expert) 31 December 2013
Yes CLB can be approached, you can contact a local lawyer dealing with the subject for further recourse.

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