Guidance on charges under mpid act

Bhagyashree Ambekar (Querist) 25 January 2020 This query is : Resolved
I was a part time Executive director for a finance company bin Sindhdurg, Mahasahtra from May 2000 to Dec 2000. I resigned as I was in full time employment in Mumbai and was unable to travel due to my work commitments. the company started the following requirements in 2003 which is after 3 entire years after my resignation. My name is mentioned by some depositors in this case and now I have to face the court under the MPID Act in Sindhdurg, Maharashtra.

Follow Query

Report Abuse

Quick Summary

A former part-time executive director is seeking guidance regarding charges under the MPID Act, filed in 2003, three years after their resignation in 2000. Despite no longer being involved with the company, their name has been mentioned by depositors, leading to court proceedings. The advice received indicates they will likely face consequences related to the period they served as an executive director, and they are strongly advised to consult a local lawyer for professional guidance.

Raj Kumar Makkad (Expert) 25 January 2020
You shall have t face the consequences pertaining to the period you served as executive director in that company. Nothing more can be added for the want of the detailed facts.

Dr J C Vashista (Expert) 27 January 2020
This platform is meant for needy litigants, you can afford to engage a lawyer.
It is advisable to consult a local prudent lawyer for appreciation of facts / documents, professional guidance and necessary proceeding.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries