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Karthik (NA)     03 May 2014

Company delaying sending me stock buyback money

HI. i was employed by a Company X wherein i was offered 1500 shares at a certain price Y. As the company has not gone public, i had to relinquish the shares when i left. i signed a buyback form and left the company. The  company sent me a cheque that was lost by my courier and i informed the company to send me another cheque. However, they are not responding to my emails and have not sent me my cheque so far. Please help what i should do to get my money back.



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 2 Replies

shamataneja (Advocate)     08 May 2014

please send them the legal notice recording that the cheque has been lost in courier , furnishing details the details of the cheque which has been lost, calling upon them to stop payment of their cheque , calling them to issue another cheque within 15 days or else you will be compelled to take legal action against the company

Sunil S Nair (lawyer)     04 June 2014

Take complete details of the same from the courier company in writing for mismanagement file a Fir nearest police station and proceed as stated above by Respected Member Shamataneja 


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