Company Related-company bursted Company Related-company bursted

1 year ago

Actually in 2020 we 3 person started an organization where I have been asked to invested 10k during incorporation of the private limited company and got 10%equity and asked me to take care of marketing activities. But my voice is never been heated by majority shareholder. So when company bursted will I be also responsible?

Abhimanyu Shandilya

Responded 1 year ago

View All Answers
A.Dear Client
What do you mean by company bursted?
Anyways as a shareholder you have your rights to raise the voice and concern in the company matters but certainly your voting rights are limited due to lesser shared being allotted to you.
Helpful
Helpful
Share

Post Your Matter Post Your Matter

Talk to a Lawyer Talk to a Lawyer

Ask a question Ask a question

Vidhi Samaadhaan Vidhi Samaadhaan

Anik

Responded 1 year ago

View All Answers
A.Dear Client,
since you rise your voice, you can not be held responsible. it at all you are hels responsible, you can reach out to the company court because, majority share holders cannot just unhear the voice of minority share holders.
Helpful
Helpful
Share

Post Your Matter Post Your Matter

Talk to a Lawyer Talk to a Lawyer

Ask a question Ask a question

Vidhi Samaadhaan Vidhi Samaadhaan

Kishan Dutt Kalaskar

Responded 1 year ago

View All Answers
A.Dear Sir,
You have to go to Company Law Board or Company Court to protect your interest. Minorities interest will protected by all means and minority is not responsible for decisions taken by Majority members.
Helpful
Helpful
Share

Post Your Matter Post Your Matter

Talk to a Lawyer Talk to a Lawyer

Ask a question Ask a question

Vidhi Samaadhaan Vidhi Samaadhaan

Read Related Answers

question iconPIP
Dear Client, Unless a condition is stipulated in the contract of employment authorizing an employer to waive a notice period or pay in lieu of notice, you cannot waive a notice period of an employee w...
question iconMarry help
Dear Client, Marriage between a couple having a prohibited degree of relationship is illegal and void both under the Hindu Marriage Act, 1955 and the Special Marriage Act, 1954. There may, however, b...
question iconPartnership deed
Dear Client, The ability to cancel or amend a partnership deed with the same individuals but under different terms and conditions may depend on the specific clauses outlined in your existing partnersh...
question iconPartnership
Dear Client, A partnership firm may be discontinued with the approval of all the partners or by a contract between the partners. A partnership is formed by a contract and may be terminated using the c...
question iconunregistered partnership firm
Dear Client The reconstitution of the partnership firm may impact the rights and liabilities of the partners concerning the immovable property. The new partnership agreement should explicitly address...