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If you want to be a part of the board of the Company, you can request the Board of Directors to take you again in Directorship otherwise you can transfer your shares. You may give notice to the company of your intention to transfer your shares. The company, in turn, will notify to other members as regards the availability of shares and the price at wh...
Wazzeer Professional Network
Professional1.We established a company in 2003 where we were 5 shareholder Directors with the following share percentages: 1. Me 35% Chairman 2. Another 35% MD 3. Another 10% Dir (responsible for import & marketing of some Medical re-agents) 4. Another 10%Dir ( responsible for tender business and marketing of orthopedics products) 5. Another 10%.Dir( Has her own business) The Last Director has her own business and have shown disinterest in our Company have declared willingness to withdraw her share in Dec.2013, though official separation has not yet done. Last year it came to my notice that Director no 3 has been operating his own company since 2012 and have been importing products of our principal and was marketing for his own company and doing virtually nothing for us through receiving remunerations regularly from us as Executive Director.
As chairman, I denounced his activity in a board meeting and thus canceled his executive Directorship and stopped remuneration. Other Director No-4, Opened another business organization as the same name of our company. Our Company Name is "Ardent Ltd" His new Company name is "Ardent Healthcare". As it came to my notice, I vigorously objected in the issue. The Managing Director is a very inactive person and afraid of the other Directors to take any decision against them and kept mum on all issues. Seeing no hope of future businesses I resigned from the post of the chairmanship. I have also resigned from the Directorship and asked for the withdraw of my shares. On January 15, 2016, all other directors at the board meeting (without me) decided to prepare a balance sheet of 2015 and will pay my shares within January 31, 2016. Later on, they have extended the date for 26th, April 2016 but till now nothing is done. I feel they took time to find how they can find ways not to pay anything. Recently they have shown a loss of Tk. 4 crores. 2 crores as bad debts and about 2 crores as stock losses or scrabs. May I request an advice what step should be taken by me. Should I ask for my directorship again or I have any other alternatives
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Wazzeer Professional Network
ProfessionalIf you want to be a part of the board of the Company, you can request the Board of Directors to take you again in Directorship otherwise you can transfer your shares. You may give notice to the company of your intention to transfer your shares. The company, in turn, will notify to other members as regards the availability of shares and the price at which such share would be available to them. Price will be determined by the directors or the auditors of the company. The company should also intimate to the members, the time limit within which they should communicate their option to purchase shares on transfer. If none of the members comes forward to purchase shares then the shares can be transferred to an outsider and the company will have no option, other than to accept the transfer.
We will be glad to help you draft a perfect notice in no time. just 'Get a Wazzeer' to kick-start the process.
about 5 years ago
If you want to be a part of the board of the Company, you can request the Board of Directors to take you again in Directorship otherwise you can transfer your shares. You may give notice to the company of your intention to transfer your shares. The company, in turn, will notify to other members as regards the availability of shares and the price at wh...
Wazzeer Professional Network
Professional1.We established a company in 2003 where we were 5 shareholder Directors with the following share percentages: 1. Me 35% Chairman 2. Another 35% MD 3. Another 10% Dir (responsible for import & marketing of some Medical re-agents) 4. Another 10%Dir ( responsible for tender business and marketing of orthopedics products) 5. Another 10%.Dir( Has her own business) The Last Director has her own business and have shown disinterest in our Company have declared willingness to withdraw her share in Dec.2013, though official separation has not yet done. Last year it came to my notice that Director no 3 has been operating his own company since 2012 and have been importing products of our principal and was marketing for his own company and doing virtually nothing for us through receiving remunerations regularly from us as Executive Director.
As chairman, I denounced his activity in a board meeting and thus canceled his executive Directorship and stopped remuneration. Other Director No-4, Opened another business organization as the same name of our company. Our Company Name is "Ardent Ltd" His new Company name is "Ardent Healthcare". As it came to my notice, I vigorously objected in the issue. The Managing Director is a very inactive person and afraid of the other Directors to take any decision against them and kept mum on all issues. Seeing no hope of future businesses I resigned from the post of the chairmanship. I have also resigned from the Directorship and asked for the withdraw of my shares. On January 15, 2016, all other directors at the board meeting (without me) decided to prepare a balance sheet of 2015 and will pay my shares within January 31, 2016. Later on, they have extended the date for 26th, April 2016 but till now nothing is done. I feel they took time to find how they can find ways not to pay anything. Recently they have shown a loss of Tk. 4 crores. 2 crores as bad debts and about 2 crores as stock losses or scrabs. May I request an advice what step should be taken by me. Should I ask for my directorship again or I have any other alternatives
-
Wazzeer Professional Network
ProfessionalIf you want to be a part of the board of the Company, you can request the Board of Directors to take you again in Directorship otherwise you can transfer your shares. You may give notice to the company of your intention to transfer your shares. The company, in turn, will notify to other members as regards the availability of shares and the price at which such share would be available to them. Price will be determined by the directors or the auditors of the company. The company should also intimate to the members, the time limit within which they should communicate their option to purchase shares on transfer. If none of the members comes forward to purchase shares then the shares can be transferred to an outsider and the company will have no option, other than to accept the transfer.
We will be glad to help you draft a perfect notice in no time. just 'Get a Wazzeer' to kick-start the process.
about 5 years ago
View answer
1.We established a company in 2003 where we were 5 shareholder Directors with the following share percentages: 1. Me 35% Chairman 2. Another 35% MD 3. Another 10% Dir (responsible for import & marketing of some Medical re-agents) 4. Another 10%Dir ( responsible for tender business and marketing of orthopedics products) 5. Another 10%.Dir( Has her own business) The Last Director has her own business and have shown disinterest in our Company have declared willingness to withdraw her share in Dec.2013, though official separation has not yet done. Last year it came to my notice that Director no 3 has been operating his own company since 2012 and have been importing products of our principal and was marketing for his own company and doing virtually nothing for us through receiving remunerations regularly from us as Executive Director.
As chairman, I denounced his activity in a board meeting and thus canceled his executive Directorship and stopped remuneration. Other Director No-4, Opened another business organization as the same name of our company. Our Company Name is "Ardent Ltd" His new Company name is "Ardent Healthcare". As it came to my notice, I vigorously objected in the issue. The Managing Director is a very inactive person and afraid of the other Directors to take any decision against them and kept mum on all issues. Seeing no hope of future businesses I resigned from the post of the chairmanship. I have also resigned from the Directorship and asked for the withdraw of my shares. On January 15, 2016, all other directors at the board meeting (without me) decided to prepare a balance sheet of 2015 and will pay my shares within January 31, 2016. Later on, they have extended the date for 26th, April 2016 but till now nothing is done. I feel they took time to find how they can find ways not to pay anything. Recently they have shown a loss of Tk. 4 crores. 2 crores as bad debts and about 2 crores as stock losses or scrabs. May I request an advice what step should be taken by me. Should I ask for my directorship again or I have any other alternatives
-
Wazzeer Professional Network
ProfessionalIf you want to be a part of the board of the Company, you can request the Board of Directors to take you again in Directorship otherwise you can transfer your shares. You may give notice to the company of your intention to transfer your shares. The company, in turn, will notify to other members as regards the availability of shares and the price at which such share would be available to them. Price will be determined by the directors or the auditors of the company. The company should also intimate to the members, the time limit within which they should communicate their option to purchase shares on transfer. If none of the members comes forward to purchase shares then the shares can be transferred to an outsider and the company will have no option, other than to accept the transfer.
We will be glad to help you draft a perfect notice in no time. just 'Get a Wazzeer' to kick-start the process.
about 5 years ago -
Wazzeer Professional Network
ProfessionalIf you want to be a part of the board of the Company, you can request the Board of Directors to take you again in Directorship otherwise you can transfer your shares. You may give notice to the company of your intention to transfer your shares. The company, in turn, will notify to other members as regards the availability of shares and the price at which such share would be available to them. Price will be determined by the directors or the auditors of the company. The company should also intimate to the members, the time limit within which they should communicate their option to purchase shares on transfer. If none of the members comes forward to purchase shares then the shares can be transferred to an outsider and the company will have no option, other than to accept the transfer.
We will be glad to help you draft a perfect notice in no time. just 'Get a Wazzeer' to kick-start the process.
about 5 years ago
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