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murali manoher kalla   03 September 2022

Famaily company made by great grand father

A company made by great grand father and in this company a building purchase by great grand father and give into company for lease 999 years. After his dead all rents and other income who earn by company not distribute into family. Inthis company only 3 main sharesholders and only 1 shareholder lead the company and others 2 not knowing anything abt company share pattern and other information how we will ask our part of building income and any law for cancellation the lease...plz suggest 

 

 

 



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 8 Replies

DR.VEDULA GOPINATH (ADVOCATE AND CORPORAE ADVISOR)     03 September 2022

Please find out details of Company.

If you know the name of company

approach Registrar of companies 

to know details, if registered under 

Companies act If you know pan number you can get details from Income tax department.

Dr vedula Gopinath advocate arbitrator 

 

 

murali manoher kalla   03 September 2022

It is possible to get rent or other income earn by company

Dr J C Vashista (Advocate)     04 September 2022

Since the company (a perpetual entity) has been incorporated by your great grand-father it will be an ancestral property accordingly all decedents have equal share in rent / profits earned by such property.

If the rent / profits earned from such property is not shared equally within successors, file a suit for rendition of accounts, mesne profits and damages through a local prudent lawyer.

The opinion and advise of expert Dr. Vedula Gopinath require further eleboration / explained in terms of facts  vis-a-vis query.

murali manoher kalla   04 September 2022

Thanks for great suggestion 

DR.VEDULA GOPINATH (ADVOCATE AND CORPORAE ADVISOR)     04 September 2022

 

Agree with the opinion of Learned Colleague Dr Vasishta. If one knows the company full name, registsration number and preferably jurisdiction of ROC, it is easy to find out the details of directors, annual accounts, directors, auditors, details etc etc.  If at all the business organisation is run as a limited company registered under Companies Act.

One can visit Ministricy of Corporate affairs (MCA) website and the access is self expalanatory. MCS is rendering good service to the public in this connection.

The query is not clear  company referred reflects to a limited company under Companies ACt, aprtnership firm, or trust etc. 

dr vedyka gioubatg

 

 

 

T

murali manoher kalla   05 September 2022

As per your advise boss i get data company from 2007 to 2022 and company is limited company all the details and get I have 8% shares in this company equity and 13% perfrence shares but don't receive last 40 years any rent or any other company how i will get this boss suggest🙏

Dr J C Vashista (Advocate)     05 September 2022

As already advised file a suit for rendition of accounts, damages and mesne profits through a local prudent lawyer.

murali manoher kalla   05 September 2022

Ok thanks sir


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