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What action can MD take against the Co. for not allowing in affairs.


31-Oct-2023 (In Corporate Law)
Not been allowed to have access to company affairs inspite being appointed and ratified in AGM as Managing Director of a public limited company and company has not paid my dues. What options do I have to take charge/control of company
Answers (3)

Answer #1
978 votes
Please take note of following -
1. You can send them a legal notice asking for your rights and access thereto,
2. Failure to make any response thereto or to make any valid comments thereto will give you the liberty to approach the competent court of jurisdiction for the same.
Be assured you will get what you deserve.
Answer #2
889 votes
Sir
The course of action against the company will depend on your shareholding that we can approach NCLT or we can file suit on the bases of Contractual Rights.
Meanwhile i would advice you to complaint before ROC (Registrar of companies ) for not conducting meeting in accordance with law....not giving access to documents.
Answer #3
702 votes
Write a mail elaborating everything to all the directors. Seek resignation. I need to see your agreement with the company. Accordingly, a complaint/ threat that file a complaint before the tribunal can be drafted.

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