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.

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



Your are not logged in . Please login to post replies

Click here to Login / Register  


  Search Forum



IPC Grand Course     |    x