Legal Question in Business Law in India

I am with my friend is having 35% stake in a private limited company. There are three directors in the board and we are not in the board. We have some conflict with the directors and they we might get fired from our position, which is VP of marketing and HR respectively. What are the things we can do to protect our interests ? Can the director board prevent us from getting the profit share ?


Asked on 7/29/14, 6:20 am

1 Answer from Attorneys
mohd mahboob

as per labour law, without notice or error ,no employer fired to employee.no director board prevent us from getting the profit share.you can be give notice for profit -share base on auditing of co as well as auditing.otherwise you can be approach to CLB .call no:9393249474

Read more
Answered on 9/21/14, 7:19 am


Related Questions & Answers

More Business Law questions and answers in India