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Author Topic: Advice on Legal Issues in Pvt Ltd Org  (Read 669 times)

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Offline color7

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Advice on Legal Issues in Pvt Ltd Org
« on: July 15, 2015, 12:42:01 AM »
Hello,
Currently I have been operating as a Director in a pvt ltd company where 2 other directors are also present. As being a technical service provider house, and me being the technical director, I take care of all activities. As the clients come mostly to me that had created an inferiority complex among the 2 other director sand its very uncomfortable to go ahead with this deal. I want to come out of it. But the point is the Company has got 1.25 crore loan where the security was a house of one of the directors (not me). I had invested around 27lakhs worth of assets. Now can I go out of this pvt ltd company without being liable to the loan? Also I want my investments back after the depreciation value to be calculated. Please guide.

Offline advmisthi

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Re: Advice on Legal Issues in Pvt Ltd Org
« Reply #1 on: July 15, 2015, 06:08:00 AM »
get your name removed from the board of directors list from the ROC records first, this can be done only with the consent of the other directors.

if that can be done than the loan will not be your burden any more
Adv.Misthi Mukherjee
I am here to help, Shoot your legal problem to me, I promise I will help

Offline color7

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Re: Advice on Legal Issues in Pvt Ltd Org
« Reply #2 on: July 15, 2015, 06:48:05 AM »
Thank you for the guidance :) Deeply appreciated. They are ready for that. So I hope there wont be any issues. If any will come back here again. Thank you again.

 

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