I am forming a Pvt. Ltd. company with total 4 no. of directors
including myself. I'll be providing all the financing via.
initial capital investment + operating cost.
We have mutually agreed to keep percentage as -
55% myself and 15% each of other 3 (15x3=45%)
now my questions are :
1. What if one person backs out at any given point, what are
implications and what would happen to his share of percentage ?
2. What should I do to keep a control on decisions and financial
matters in case any of the directors cheats/wants to leave? (as
my money will be on stake)
- 1 Answers
- 3804 Views
- I also Faced
- E-Mail Answers
Answer / giridhar
1.Since the status is a private limited company, then the
share transfer should happen as per CCI guidelines and it
has to be reported to RoC. In share transfer following need
to be addressed:
1. Identification of the buyer;
2. Share valuation as per CCI guidelines;
2. Hold atleast 67% shareholding to have full control over
the business activity and to eligible to pass special
resolutions as when required.
| Is This Answer Correct ? | 3 Yes | 0 No |
What are the forms required to be file along with annual return.
sir i want aao lic exam model question paper
what is holding companies accounts
what is procedure to transfer funds between companies registered under sec 25 of the companies act? Is there is possible to get exemption certificate?
Sir, we have a machinery manufectred plant and now we want to ragistration in service tax what is the procedure for this pls help me in detal . we have ecc no. and tin no. already
Occasionally it is said that issuing convertible bonds is better than issuing stock when the firms shares are undervalued. Suppose that the financial manager of Decent Furniture Company does in fact have inside information indicating that the decent stock price is too low. Decent furniture earnings will in fact be higher than investor’s expectations. Suppose further that the inside information cannot be released without giving away a valuable competitive secret. Clearly, selling shares at the present low price would harm Decent’s existing shareholders. Will they also lose if convertible bonds are issued? If they do lose in this case, is the loss more or less than it would be if common stock is issued? Now suppose that investors forecast earnings accurately, but still under value the stock because they overestimate Decent’s actual business risk. Does this change your answer to the questions posed in the preceding paragraph? Explain.
Is labour act applicable for firms?
What is the rate for filling of Company returns?
what is bank of america
difference between cash book and bank book?
18 Answers Accounting, College School Exams Tests, IBM,
What is claim ratio ?
what is contra entries defination and meaning and some example
Audit 
