Upgrad LLM

forging of signature by other director


Hi,

I am a founding director and shareholder in a pvt ltd company. Lately, other director of the company forged my signature on the authonetication letter for a car loan. By chance, I came to know about this from the bank itself. In this case, should I file a FIR or go to CLB. What is recommended for this. As CLB is a costly affair, is there any other legal remedy for this.

Thanks in advance

 
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BE/ LLM in Corporate Laws

In my view, You may take FIR route to implicate the Director as forging of signatures is a criminal offence, if you so wish.

Otherwise,  you can approach CLB against the Director for repayment of the loan to the Bank as the loan has not been authorised by the company and as such the concerned Director is  personally liable to return the loan to the Bank.

 
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Hi Harsh,

Can you plz let me know the process of filing FIR against him.

 
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Manager - Fin. and Legal

Oh God! Really sad to learn about this one where another director forged your signature.

Yes, as pointed out above, you could register an FIR since forgery is a criminal offence. As far as the procedure is concerned, go to the local police station applicable to your company.

Though it my not always be possible, Maybe, you should consider using digital signture certificates.

You can read here on MCA website or on this page on Digital Signature .

This stays on your machine and is safe. But you should not install your digital signature on another person's machine. if you need to use it on more than once machine, you can use USB Token for Digital Signature which offers portability with security.

Hope the above helps and wish that things turn out to be fine for you.

 
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