Legal Question in Business Law in India

Dear Sir,

I am a whole time Director and a share holder (holding less than 20% share) in a private limited company where the Managing Director (holding more than 80% share). We are the only two Directors in the Company. Recently he had appointed another Director without intimating the Board of Directors of the said Company. He has also given him the signing authority in the Banks and other administrative jobs.

As a Director what legal steps can I take against him?
Can I impose legal restrictions on him as a Director?

Please help!!

Thanks and regards,

Arpita Ghosh

Asked on 3/30/10, 1:48 am

1 Answer from Attorneys

0 users found helpful

0 attorneys agreed

Dear Arpita,

A new director can not be appointed without the existing board resolution and taking the their content thereof. U can definitely take legal action against him. You can report non compliance to Registrar of Companies, and can move forward to Company law board with your complaint.

regards

[email protected]

Answered on 3/30/10, 2:03 am

Mark as helpful