How D.P.Pattanaik does claim 51% partnership in a LTD company?
Recently a news is making roar in odisha regarding The Sambad group which is under Ltd company category.
Source hints D.P.Pattanaik the elder brother of eminent jurist Somya Pattanaik is claiming 51% partnership in a LTD company.How it can be possible as per companies act 1956?
More things are making puzzle.Now more family members of late Braja bandhu Pattanaik and Kanak Manjari Pattanaik have crossed 70 years.
The great thing in a LTD company 51% partnership with always before government that may be state or centre.But how privately D R.Pattanaik is claiming 51% partnership?If he claims then how the LTD company licence is being executed?
Yes he can claim for private partnership and can claim for creditors due deligencies.
The source is from social media but physically nothing has come to front.
Yes D.R.Pattanaik can execute his rights as government consolidators as RBI trustee concern or as government stake holder but can not claim 51% Share as a private partner.If he claims then The Sambad can not be a LTD company.Again the licence will be Pvt Ltd.
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