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Anuj Garg   27 May 2018

GPA transfer of Company Property.

Dear Sir,

I I shall be thankful for your advice on the below matter.

A B and C are 3 brothers and directors in their firm x y z private Limited. Their father is the nominated chairman and all three directors have given him power of attorney.

in 1994 there was a dispute. A B on one side along with their father and C on the otherside.

C was removed from his post of MD by A and B. A was appointed as the new MD. The chairman and A transferred immovable assets of XYZ Pvt. Ltd to director B via transfer of shares. No consent was taken from C on the same.

Due to numerous other cases, Mutation of land has not yet happened in favour of B.

Can C challenge this in court and have this registry nullified and cancelled as he is still a member of the was board and his consent was not taken.

I shall be thankful for your advise.


Learning

 1 Replies

Anuj Garg   28 May 2018

Coreection: Only A has given Power of Attorney to His father after being appointed MD of the group.

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