One of my client is a non-controlling director in a company where he does not have access to the bank accounts and other compliance matters. Out of trust he/she had allowed the other director to keep access to bank accounts and other compliance matters. Now it has become evident that the other directory was unscrupulous and has made a mess of the accounts including compliance issues like non-payment of Taxes etc. What legal options does my client have to take enough steps that he is subjected to minimum liabilities of the other directors misadventures?
Legal options available for a director / stakeholder to clear compliance liabilities
Devanand Sharma (Executive) (44 Points)
08 June 2019