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Dividend withheld by private limited company
04-Aug-2024 (In Consumer Court Law)
My father and mother were receiving dividend from a Private Ltd. company where they are shareholders. Father was initially working as director in the same company, but later was forced to resign. After resignation, my father took a break of 2 years and then started working in a similar competitor company since his skill is in that domain and to look after the family. Knowing this, the company stopped giving out dividends to my parents. It's been 4 years and we want pending dividend back.Plz help
at first you may make a request to the company to release the dividend at the instance if the company was not provided declared dividend to your parents who being the share holders of the company and even after your request if the company persona denies to provide dividend, then the ready is to approach the registar of companies or before the statutory authority as per the companies act
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Adv. A.G. Syam Kumar
Trivandrum / Thiruvananthapuram | 400+ Answers
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