City Limouzines
Fraud and misapropriation

May I request every one of the incvestors reading my complaints to communicate the company and the chairman regarding the non receipt of the individual notices for our benefits in future.

Dear Madam and the Chairman appointed for the Meeting

I am writing repeated letters and sending mails, but the same are not replied to. I am to further inform you that I have not received any notice regarding the meeting to be held on 14 & 15 -10-09 till date. Can you kindly intimate me the mode of dispatch. Further more the scheme framed by the company seems to be for an oblique to defeat the provisions of law and the scheme as a hole is a fraud and malafide. It seems the directors are interested only stalling the criminal and Civil proceedings initiated and pending against them and to stall the investigation proceedings commenced by the authorities. The explanatory statement given u/s 393 of Companies Act is not clear. In one way you are insisting the proxies to be used in a prescribed form and in the other hand had not dispatched any notice containing prescribed form. Though it is stated that non of the Directors have material interest in the proposed scheme of arrangement, on close reading it could be seen that it is false and false to the core. Though it is stated that the copy of the scheme and the explanatory statement can be obtained from the office of the applicant company, there is no response from that end.

I am to further inform you that at para 11, the holding of each director is left blank and the same was already pointed out and there is no response. As a hole the scheme of arrangement seems to be only an eye wash and it is no way benefited to the investors. And hence we have no alternate than to object the scheme and only allow to be passed with certain modifications balancing the benefits of both company and the investors.

For the kind attention of the Directors, I am herewith enclosing the copies of the correspondences once again for your ready reference and for immediate necessary action. Failing which I would be constrained to work out my remedy and behind me there are sufficient number of investors to join hands and hence do not feel latter.

K Perumal

Preferential Shareholder.

Company: City Limouzines
Country: India

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