Dispute among directors
2 years ago
A,B and C formed together and incorporated a company called ABC Food services private limited on 16/03/2021 in which A,B and C are directors having share holding of 35%,35% and 30% respectively.
(Actually this business idea was given by C. A liked C's business idea. So all the three incorporated the company. Before incorporation itself C told A and B that he doesn't have funds so he cannot make any investment in the company. C will only implement business idea and take share in profit@30% but this point was made orally, no written documents were made.)
Business was not doing good. Ratings and reviews of the restaurant were dropped drastically. Last 20 days (i.e., from 11-05-2021) there is no proper intimation to the C about how the business is going on and even Last 2 months business was managed by A and B including recruitment of staff.
On 31/05/2021 A,B and D (B's friend) rushed to the home of C with stamp papers and said there is 12lakhs loss and you had to pay me.
D told finally by making sign on the emergency to pay 4lakhs and quit from business.D even tried to manhandle C. By forcefully A, B and D made C to sign the promissory note containing for 4lakh rupees which will be valid till the agreement to be done in the court. They planning to make an agreement like B will apply loan from C's end and after approval B will take that loan amount and C had to repay the loan.
(Note: - At this time C tried to call police help number 100 but D grabbed phone and Slapped C. Screenshot of outgoing call for 4 seconds was available with C)
The company was registered in ROC - Hyderabad.
C wanted to continue legally but as he being a minority shareholder and with their threating C left Hyderabad and went to his hometown @2 am in cab on 01-06-2021. While in journey he filed an online petition on B describing the facts of the case by naming the petition as Exortion.
On 01-06-2021 in the evening A and B gave complaint in the hyderabad police station. Facts of the complaint were not known. Police SI called C but he didn't pickup call. SI messaged C that if C did not pick the call FIR will be registered against C.
What are all the possible chances available to A and B against C?
Ankur Goel @ Complete Law Shield
Responded 2 years ago
C who is you , why not lodged FIR after reaching hometown ?
Why C not wanted to consult a lawyer and believe in all online complaints and consultations.
Better you live digitally instead of physical life.
Ayantika Mondal @ Prime Legal
Responded 2 years ago
People who control the majority of the partnership, and they can withdraw from it and dissolve the partnership without the consent of minority partners. Also, as far as the criminal case is concerned additional details are required.
If you find this answer helpful please rate my answer. Thank you.
A and B control the majority of the partnership, and they can withdraw from it and dissolve it without the consent of C.
If you find this answer helpful please rate my answer. Thank you.
It is not a criminal case. Not to worry.
CHit Fund
Terrace rights
Disciplinary process for officer rank employee and a management staff.
Repairing require for 4 storage Building
Disciplinary process for management staff
