Accounts provided by pvt co

finpro consultants (Querist) 03 September 2018 This query is : Resolved
Dear Experts,

I am a minor shareholder of a private limited company and have received AGM Notice with Annual Accounts of the Company through EMail. My querry is :- a) Can I ask for Signed Hard Copies from the Company b) Can I ask the Company to provide me more details about Balance Sheet items such as List of Sundry Creditors/Debtors and P&L items such as list showing details of to whom how much salary is paid, to whom how much commission is paid. c) If I can I communicate my qurries on accounts, when & how I can raise such querries.

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Kumar Doab (Expert) 04 September 2018
Apparently you can.
COMPANIES ACT, 1956 [Act No. 1 OF 1956]
CHAPTER VI : PREVENTION OF OPPRESSION AND MISMANAGEMENT
http://www.mca.gov.in/Ministry/pdf/Companies_Act_1956_13jun2011.pdf
Companies Act, 2013
CHAPTER XI APPOINTMENT AND QUALIFICATIONS OF DIRECTORS
CHAPTER XVI PREVENTION OF OPPRESSION AND MISMANAGEMENT
http://www.mca.gov.in/Ministry/pdf/CompaniesAct2013.pdf

Kumar Doab (Expert) 04 September 2018

You may discuss with elders of the family, competent and experienced well wishers, seasoned community leaders, PIP’s, helpgroups, and find a very able LOCAL CA/CS , counsel of unshakable repute and integrity specializing in concerned field of law e.g; Company matters as in your case, and well versed with LOCAL applicable rules, precedence, latest judgments etc …. and worth his/her salt, and your counsel can advise you after examining all docs including said emails/agreement, reply of the company to your communications etc , evidences on record .., and even draft, so as to defend your long term interest.
There are such very able counsels at each location.
Check for such counsels at LOCAL CLB/CIVIL courts..HC,SC
You can also post LCI Group website CAClubindia
LCI Expert Mr. Vedulla Gopinath advises on such matters and if you wish you may get in touch with him.