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Do I have the right to seize assets?
Hi
I started an NPC and spent R30 000 in setting up the business. When it came to starting the business, I provided the start-up capital and it went into director's loans. When the business ran into difficulties, I received judgement which was against the business and myself together. I paid the then outstanding amount with the understanding that the business repay the balance. Instead, I was asked to remove myself as a director, ensure that the outstanding debt of R46 000 be paid and told that I was not welcome at the business. The business moved into more expensive premises without my okay and have used a private bank account with which to trade. I have sought legal advise but without money cannot afford to pursue the matter. I have obtained relief from the Company's Tribunal to get the members's list ratified and hold a meeting with them but what is the best way forward?
I started an NPC and spent R30 000 in setting up the business. When it came to starting the business, I provided the start-up capital and it went into director's loans. When the business ran into difficulties, I received judgement which was against the business and myself together. I paid the then outstanding amount with the understanding that the business repay the balance. Instead, I was asked to remove myself as a director, ensure that the outstanding debt of R46 000 be paid and told that I was not welcome at the business. The business moved into more expensive premises without my okay and have used a private bank account with which to trade. I have sought legal advise but without money cannot afford to pursue the matter. I have obtained relief from the Company's Tribunal to get the members's list ratified and hold a meeting with them but what is the best way forward?
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