Sue eNETS Pte Ltd & Chainfusion Ltd

WHY SUE ENETS-BUYBUTTONZ aka eNETS Pte Ltd & Chainfusion Ltd?

Duty of directors - eNETS Pte Ltd & Chainfusion Ltd FAILED!
The directors are required to exercise due care in the exercise of their duties. If they fail to do so, they can be made personally liable for the loss. Their personal assets can be seized to pay the judgment sums. If they are unable to satisfy the judgment, they can be subjected to bankruptcy proceedings.

The directors are jointly and severally liable.

Other directors sitting on board can be sued together because of the wrongful acts of one director.

The litigation process can last for many years and can be very costly. This is stressful to the directors. The duties placed upon the directors are ever-changing and increasing.

What are the wrongful acts?

Wrongful acts are broadly defined as actual or alleged breach of duty, breach of trust, neglect, error, misstatement, misleading statement, omission, breach of warranty of authority or other wrongful acts committed by the directors or officers in their respective capacities in managing the company.


Who may sue the directors and officers, and why should they sue?

* Shareholders - drop in share price as a result of min-management or mis-statement
* Employees - wrongful termination, breach of employment contract
* Regulators - dishonesty, fraud and environmental liabilities
* Creditors - debt collection
* Customers / Suppliers - contract disputes as a result of mis-statement
* Competitors - copyright and/or patent infringement
* Others such as receivers, liquidators and professional consultants

cfbizconnect.com

ChainFusion's Other Site. SCAM?FRAUD?

S$1.1 Million GONE.

http://cfbizconnect.com/index.html
cfBizConnect.com is a division of ChainFusion Limited. We provide more than IT Solutions. In this Internet Era, companies MUST INTEGRATE their Businesses with the Internet to gain a competitive advantage in this fast-moving economy. As the name implies, cfBizConnect.com seeks to connect YOUR BUSINESS with the INTERNET.

http://cfbizconnect.com/onlinepayment.html

Integrating your Business with the Internet. Create an online presence for your business.

Web Design, Web Development, eCommerce, Shopping Cart, Zen Cart, Online Payment, 12ePay, ChainFusion, cfBizConnect, Internet Business, Internet Marketing, Web Solutions, Business Startup, Web Consultancy, Online Shop, Web Applications, osCommerce, One-Stop IT Solution, Turn-Key Web Applications, Online Business, Web Hosting, Affordable Web Hosting, Visa, MasterCart, WorldPay, PayPal, WorldPay, Open Source

DBS, Citibank let S$1.1 Million through 4 Check Books of Forged Checks!

新加坡统计犯 ?

ENETS-BUYBUTTONZ STRATEGIC ALLIANCE'S

HEAD OF FINANCE

WANG LIANG HAO, S7204009J

enets-BuyButtonz Users It's Time To UNITE & And SPEAK UP For JUSTICE!

Were YOU An eNETS-BuyButtonz User?

Were YOU Misled By eNETS?

Does eNETS-BuyButtonz OWE YOU MONEY???

Well, eNETS is not taking responsibility over their service and their STRATEGIC ALLY, CHAINFUSION LTD is trying to wind up and let bygones be bygones....

I WON'T LET THEM! YOU SHOULD'NT!

Join our team of eNETS-BuyButtonz Victims! Those in the MINIBONDS invested in a product, yet they were compensated.

WE MERELY USED A SERVICE ! JOINTLY OPERATED BY ENETS PTE LTD and CHAINFUSION LTD! eNETS-BUYBUTTONZ TOOK MONEY FROM OUR CUSTOMERS AND NEVER RETURNED IT BACK TO US!

Email Us At netizensofasia@gmail.com

eNETS PTE LTD Remains SILENT.

CHAINFUSION LTD is trying to WIND UP!

Declaration of solvency
293. —(1) Where it is proposed to wind up a company voluntarily, the directors of the company, or in the case of a company having more than 2 directors, the majority of the directors shall, in the case of a members’ voluntary winding up before the date on which the notices of the meeting at which the resolution for the winding up of the company is to be proposed are sent out, make a declaration to the effect that they have made an inquiry into the affairs of the company, and that, at a meeting of directors, have formed the opinion that the company will be able to pay its debts in full within a period not exceeding 12 months after the commencement of the winding up.

[13/87;12/2002]

(2) There shall be attached to the declaration a statement of affairs of the company showing, in the prescribed form —

(a) the assets of the company and the total amount expected to be realised therefrom;

(b) the liabilities of the company; and

(c) the estimated expenses of winding up,

made up to the latest practicable date before the making of the declaration. (3) A declaration so made shall have no effect for the purposes of this Act unless it is —

(a) made at the meeting of directors referred to in subsection (1);

(b) made within 5 weeks immediately preceding the passing of the resolution for voluntary winding up; and

(c) lodged with the Registrar before the date on which the notices of the meeting at which the resolution for the winding up of the company is to be proposed are sent out.

(4) A director, who makes a declaration under this section without having reasonable grounds for the opinion that the company will be able to pay its debts in full within the period stated in the declaration, shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $5,000 or to imprisonment for a term not exceeding 12 months or to both.

[15/84]

(5) If the company is wound up in pursuance of a resolution for voluntary winding up passed within a period of 5 weeks after the making of the declaration, but its debts are not paid or provided for in full within the period stated in the declaration, it shall be presumed until the contrary is shown that the director did not have reasonable grounds for his opinion. [UK, 1948, s. 283; Aust., 1961, s. 257]

REFERENCES FOUND FROM:
http://statutes.agc.gov.sg/non_version/cgi-bin/NoIncSearch.pl?type=simple&db=act&version=currentVersion&date=20081115&mode=and&query1=Declaration+of+solvency&dborcap=database&Capno=&hits=10&search=Search