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legal action against director of pvt. ltd. company
09-Oct-2023 (In Corporate Law)
Dear sir I am one of the director of pvt. ltd. company.There are 4 directors in company. Managing director has removed funds for personal use from company current account . what legal action can be taken against him? Also, this company was formed in 2003. before that current managing director was having proprietary company in his name. while forming pvt. ltd. company in memorandum of articles it was mentioned that a proprietary company shall dissolve but now managing director has again started that proprietary company without permission of us what action can be taken against him?
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Adv. Diggaj Pathak
Delhi | 25+ Answers
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