India | Business Law
Legal Question
Re : Company & Partnership
Hello Sir,
I have a question for which your valuable advice is required.
A Company having regd. office at place '' A '' and having branch at place '' B''. One of the Director of the Co. entered into an Agreement in his personal capacity with Mr. X regarding share of profit / loss. Whereas, the Company is paying Commission on Sales to Mr. X regularly. Now Mr X is asking for his share from the Director and has stopped depositing cash into the bank and taking full control of business in his hands. Now the Company wants to take necessary steps against Mr. X for his such acts so that the shop and cash comes into their hand. Please advice in which place either '' A '' or '' B'' the Company should file case against Mr. X and what type of case.
Thanks in advance.
Legal Answer
Re: Re : Company & Partnership
Company should file a case against Mr. X. Further, both civil and criminal case can be filed against MR. X.
PD Legal & Associates 4, Sagar Society, Fatimanagar Pune, NUS 411013
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Legal Answer
Re: Re : Company & Partnership
Your question relates to company and you are talking of individual profit and loss sharing,its not possible as per the companies act.If its a partnership firm then the firm may sue Mr.X on filing a cheating case.
R.K.1080 LEGAL SERVICES VIDYANAGAR Hyderabad, 500044
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Legal Answer
Re: Re : Company & Partnership
The company may want to engage a lawyer to pursue its remedies against X. The place of jurisdiction may be decided by the concerned lawyer after examining all the relevant documents.
Attorney-at-Law (India)/ Visiting Scholar, UNC-CH USA Punjab and Haryana High Court Chandigarh, 110001
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