Legal Question in Business Law in India

My father is a founder director of a firm in Mumbai. He has two partners. Collectively as a company they take loans. They also take private loans from my father's relatives(I am aware of it). Recently they sold two offices (one share of my father) and that money was also deployed as capital invested along with sum of loans and private loans. How can I legally ask for financial disclosures in legitimate manner. I am not a partner. This intake pattern of loans and (twenty seven year old) asset sale of two offices in just one year is "threatening" to me and in securing myself. This is huge dilution. I can't wait to be HOMELESS. Should I work on weekends at this office to work undisturbed? How can I understand that they are not pressurizing my Dad? There is hostility and conflicts increasing at all levels and debt ever increasing. What if they sell more and I am still unaware? Are his partners siphoning money? Are they indebted to someone as a firm? Who is asking them for so much money? How can I legally intervene in this premise to check any misrepresentation and secure myself.


Asked on 6/01/16, 2:04 am

1 Answer from Attorneys
Fca Prashant Chavan Expert Edge LLP

01.06.2016

Repeat query. Already answered.

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Answered on 6/01/16, 3:08 am


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