Company Lawboard
A, B, C and D started a company and all are family members. A is the managing director and rest are permanent directors. After some years C and D are resigned from the company as directors but they are shareholders. Now A and B are the permanent directors which A is Managing director and B is director. Can director A removes director B without any reason ? If Director A does remove director B, does B not have right on the private limited assets ? In my case, Director A removed Director B and got another director. They sold the limited company to third party. How legal is this ? How to fight againt this to get quick resolution ? Can we file suit in Company law board and whar are the chances case getting failure ?
Kolkata
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