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
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
Answered on 9/21/14, 7:19 am
Related Questions & Answers
-
We have filed a claim against shipping co. and the shipping company filed a counter... Asked 7/24/14, 8:30 am in India Business Law
-
What is the concept of section 23 of arbitation & concilliton 1986? Asked 7/22/14, 10:54 pm in India Business Law
-
Can a company give its property to another company as collateral? Asked 7/22/14, 6:45 am in India Business Law
-
I have started a designing and advertising company that is unregistered. will be... Asked 7/17/14, 11:08 am in India Business Law
-
I want to supply (export)some product with in counter and outside country. I have... Asked 7/17/14, 12:11 am in India Business Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
