Asked in Company or corporations
If your Company is registered under Company act then every director have to purchase share....but it seems that it is your partnership firm and any partner wants to disolve the firm, they may proceed by legal way.....send a legal notice to all partner regarding desolvency of firm, if they agree then good otherwise go to civil court and file a case......
Dear Sir, If it is a partnership firm you may approach Civil Court and get your share otherwise go legally as per the provisions of company Act. Please give me rank after viewing my details. Please call me for further assistance.
Your immediate step is to file a Petition before the Hon'ble High Court to get an appropriate order in this regard so that You are not hurt unnecessarily for no fault of yours. It will save the situation. Please give me Rank Five and follow me after reviewing my resume and book a consultation for further discussion and explanation if required.
Amar Singh you must be a Sleeping Director I presume. Before taking any course of action, think can you run the company without your Business Partner involvement. If you can buy his share. As per rule Single person cannot run a Company . Contact me for further details on this Forum.
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