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in Commercial Law
Asked July 11, 2018

Mismanagement by Directors

  • 0 Answers

I have a stake of 3% in an indian part of a singapore based company who have their manufacturing facility in India, thought the other shareholders who are managing the compay affairs sitting in Singapore enjoy the fruits, splurging in travel and boasting a huge sale etc. Since the start is 2004 they have not declared any dividend and not shared any Balance Sheet on regular basis. It seemsall the directors may have opened another company and transacting the business in that company and showing loss in this entity. Since all other investors are directors and I am probably the only ordinary investor, how to take this forward. ?

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