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Since the other two partners are having 50-50 Shares so they are the Shareholders of the Company. If they have not given you shares then you are not the shareholder of the Company. As discussed with you, they being Shareholder can appoint you in Board of Directors as Executive Director means where business will be running on your leadership and knowle...
W Network
caI have started business in partnership with my friends, We are total number of directors as 3, I was doing job firstly with one of the reputed company, then this two friends approch me and asked if I am interested of doing business together and said you will be taken on board of director with there existing pvt ltd firm (pvt ltd was incorporated in 2011, with two directors) The pvt ltd firm which they were having was just registered for few transections and was not having strong balance sheets, they were doing business in partnership firm.
So we decided Pvt Ltd firm be taken for new business. And I will come on board of directors, with mutual understanding that we all three will get equal profits, also I will have some monthly pay as paid director, all the investments done in the company are of two (not mine) I have only come down to my salary pay which I was having in my job by 30% , business will be run under my leadership and knowledge. I am investing my 100% of time and experience to establish our business (no money). Now when I saw MoA there were no shares on my name only they two were having 50 - 50% of shares, So I am not understanding what I shall do, shall I demand shares to be on my name or not? What exactly means that I am not having any shares, if any dispute happen in future then what can happen,
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W Network
caSince the other two partners are having 50-50 Shares so they are the Shareholders of the Company. If they have not given you shares then you are not the shareholder of the Company. As discussed with you, they being Shareholder can appoint you in Board of Directors as Executive Director means where business will be running on your leadership and knowledge and salary will be paid to you. If you want shares then you can speak to your friends for subscribing the shares. There can be no dispute with regard to shares in future as per your directorship.
'Get your Wazzeer' to have a detailed discussion on this matter and take the best-suited option under the advisory of subject matter expert.
about 3 years ago
View answer
I have started business in partnership with my friends, We are total number of directors as 3, I was doing job firstly with one of the reputed company, then this two friends approch me and asked if I am interested of doing business together and said you will be taken on board of director with there existing pvt ltd firm (pvt ltd was incorporated in 2011, with two directors) The pvt ltd firm which they were having was just registered for few transections and was not having strong balance sheets, they were doing business in partnership firm.
So we decided Pvt Ltd firm be taken for new business. And I will come on board of directors, with mutual understanding that we all three will get equal profits, also I will have some monthly pay as paid director, all the investments done in the company are of two (not mine) I have only come down to my salary pay which I was having in my job by 30% , business will be run under my leadership and knowledge. I am investing my 100% of time and experience to establish our business (no money). Now when I saw MoA there were no shares on my name only they two were having 50 - 50% of shares, So I am not understanding what I shall do, shall I demand shares to be on my name or not? What exactly means that I am not having any shares, if any dispute happen in future then what can happen,
-
W Network
caSince the other two partners are having 50-50 Shares so they are the Shareholders of the Company. If they have not given you shares then you are not the shareholder of the Company. As discussed with you, they being Shareholder can appoint you in Board of Directors as Executive Director means where business will be running on your leadership and knowledge and salary will be paid to you. If you want shares then you can speak to your friends for subscribing the shares. There can be no dispute with regard to shares in future as per your directorship.
'Get your Wazzeer' to have a detailed discussion on this matter and take the best-suited option under the advisory of subject matter expert.
about 3 years ago
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