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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
862 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.
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Advocate Shailendra Singh

Adv. Shailendra Singh

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Answer #2
907 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
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Advocate Sanchit Seth

Adv. Sanchit Seth

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Answer #3
990 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.
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Advocate Himanshu Suman

Adv. Himanshu Suman

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