LawRato

How do I approach if one of our partner trying to cheat us


14-Mar-2023 (In Corporate Law)

Dear Team, We had formed a private limited company by 4 of us 6 months ago. Due to some conflict of interest we are unable proceed with one of our partner. He voluntarily want to exit from our association but he had taken the company product source code along with him. Without that we are now in standstill situation, unable to move forward. Please suggest how do we handle this.

Answers (1)

Answer #1
182 votes

You can pass a special resolution by arranging for a board of directors meeting in which you can dismiss the partner from your company.

Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.

Report abuse?

Comments by Users

No Comments! Be the first one to comment.

"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."