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Related South Africa Law Questions
How do you deal with a shareholder breaching an agreement by
Hi, how do you deal with a shareholder breaching an agreement by pulling out when there's no provision for that in the agreement? … read more
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I am one of two directors of a medical inc but i am not a
I am one of two directors of a medical inc but i am not a doctor. Am am also a signatory on the bank account I have been a director and signatory since 2002 and have shared in 50% of profits on a mont… read more
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I have a director that has refused to sign over his shares
I have a director that has refused to sign over his shares back to me in a Pty-Ltd. He owns 20% and the other directors have agreed to the terms. Is there any way to force-ably sign over the shares in… read more
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I am the MD of a family owned and managed business of significant
I am the MD of a family owned and managed business of significant size, and shareholder along with my father and brother. Myself and my father has a personal dispute that has escalated to the point wh… read more
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Good Afternoon, I am an Executive Director (Sales & Marketing)of
Good Afternoon, I am an Executive Director (Sales & Marketing)of a National company. I have been on the board of Directors since June 2007. We employed a new GM in our JHB office last year (an ex coll… read more
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I am the sole shareholder of a company which has been liquidated.
I am the sole shareholder of a company which has been liquidated. I am also the majority shareholder in a second company which is a creditor of the first company for which I signed as personal surety.… read more
Freddie Lombard
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If my husband is being sued and we are married out of community
If my husband is being sued and we are married out of community of property can they lay claim to my possessions?… read more
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What happens if I have signed personal surety of R200k on a
What happens if I have signed personal surety of R200k on a pty ltd and the company gets given credit of R2 mill without my knowledge Can I be held liable in my personal capacity for the full amount o… read more
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our company had to retrench staff members due to losing a major
our company had to retrench staff members due to losing a major contract and not being able to meet financial obligations. We are unable to pay their retrenchment packages. We are in process of sellin… read more
WCLawyer
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• Good Day, My father is a 49% shareholder in a Pty (Ltd).
• Good Day, My father is a 49% shareholder in a Pty (Ltd). There are only 2 shareholders in the company. In the beginning when the company was formed it was a CC and was changed to a Pty (Ltd) for som… read more
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Is it legal for a company director not provide any surity
Is it legal for a company director( 1 of 3 directors and holds 50% shares)not to provide any surity regarding the companies overdraft facility at a bank?What % risk are the other directors liable for … read more
WCLawyer
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iam in a shareholder agreement with shareholders ,we have been
iam in a shareholder agreement with shareholders ,we have been granted a 5mil rand overdraft on the basis of our company ,we all have to sign the surety with the bank what my concern is that iam the o… read more
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Good morning. I was wondering if you could assist. i work for
Good morning. I was wondering if you could assist. i work for a family business which is a Pty limited compny. the two directors do not see eye to eye anymore and the situation is very volitile. the c… read more
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Hi - my business partner & I are 50% shareholders, owners &
Hi - my business partner & I are 50% shareholders, owners & directors in our 2 businesses & a property business. This has now brought us to a deadlock and resulted in an unpleasant environment. My par… read more
JJ
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I currently own a pty ltd company . The company was established
I currently own a pty ltd company . The company was established to run a small lodge in a game reserve in Phalaborwa. The assets of the company include the property, building, and contents necessary f… read more
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Goodday, My husband got involved in a property development
Goodday, My husband got involved in a property development company in 2005 (as director and shareholder). The company bought a piece of development land in 2005 and my husband and I were required to s… read more
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In a company with three directors and shareholding of 10%,
In a company with three directors and shareholding of 10%, 10% and 80% the director with the 80% pursued a course of action which the other two directors do not5 agree with. It did not result in any d… read more
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I am busy paying off shares I have purchased in our company.
I am busy paying off shares I have purchased in our company. My position at the moment is financial director. What they are saying now is that I must step down as financial director until my shares ar… read more
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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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