LawRato

I, Prem Prabhat Sinha, started a firm Bractburd food and beverages pvt ltd with two other directors.


11-May-2023 (In Corporate Law)
I, Prem Prabhat Sinha, started a firm Bractburd food and beverages pvt ltd with two other directors. After one year of incorporation, both directors didn't share any detail of company activity like. balance sheet, bank statement, P&L statement, audit report etc. How can I take legal action against.
Answers (3)

Answer #1
882 votes
you should file a petition with tha company law board on the ground of mismanagement. since company is an individual person no one can cheat or makes profit for individual. if other directors are concealing any data of the company they will be liable for the illegal activity.
Helpful? LawRato LawRato
Answer #2
957 votes
You can file a suit for inder Specific Releif Act and vene under NCLT for getting all the details such as balance sheet, bank statement, audit report etc.
but first you would need to send a legal notice to them
Helpful? LawRato LawRato
Answer #3
659 votes
Hello sir. It seems from the facts narrated by you that the two persons have played a fraud on you. Hence the appropriate course of action will be to initiate civil proceedings for recovery of your money and criminal proceedings to punish them.
Helpful? LawRato LawRato

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."