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legality of buy back pf shatrs

(Querist) 13 March 2016 This query is : Resolved 
How can a company fotefeit partly paid up shares,where as apromoter can run co.inloss for years.Ashare holder is also a promoter.He shuld get back shares after paying int.and all dues.Take case of Essar oil,ptomoter still enjoying all right, small invesyers ate not promoters
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R.K Nanda (Expert) 13 March 2016
state real facts, if any.
Rajendra K Goyal (Expert) 13 March 2016
State material facts.

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