Indian Companies Act
Querist :
Anonymous
(Querist) 25 March 2011
This query is : Open
How far liability is limited in pivate limited company? I paid big amount to a private limited company for providing software works. They failed to provide me the job works. The Gentlemen representing the company who orifinally signed the agreement periodically renewing the agreement. Finally acknowledged that he will pay me back and signed on behalf of the company. The company is not functioning since last few years. How can I recover my money or take an action? Even if I file a civil suit and get it decreed what can I do with it against a company without any assets? Can I make him personally liable and recover from his personal properties?
