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3 equal partners who started a Pty in May 2018. On my
On my question why this happen, they at 1st denied all. Then they send me a new shareholders certificate showing that the 2 of them has resigned each 33.33 shareholding, and on the same date 1 March 2020, ABLabs their Company, was registered as majority shareholder with 67% shares. I was not present for minutes of meeting, special resolsion or consent of all shareholders they kept the information deliberatelycaway from me is this legal considering my rights? The next day they advises me, that they decided as majority shareholder, that I am voted by them to no longer be a Director, ( Executive) and I am demoted to a non executive, and therefor may no longer receive my salary.. … read more
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I started a business in my name last year. Before I started
Hi, I started a business in my name last year. Before I started business my brother joined me. We built everything in the business together although I am the only one designing the products. I have pu… read more
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I manage the admin department of a small branch of a German
I manage the admin department of a small branch of a German Company in Pretoria. The MD hired his girlfriend as my assistant. She continuously lied about various events and even forged a debit card. S… 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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Is a seller, where the seller is a company, obliged to reveal
Is a seller, where the seller is a company, obliged to reveal an existing agreement between the shareholders of the company relating to the sale of the property, to the agent before the sale of a prop… 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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The company was registered in 2009. The founder became ...
The company was registered in 2009. The founder became Managing Director and an additional director (non-executive) was appointed. The MD died on 17 September 2013. The deceased's wife is concerned th… read more
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The BOD is made up of 26% local BEE shareholders (2) who
The BOD is made up of 26% local BEE shareholders (2) who have their monies invested in the co. The majority SH is 74% foreign- via a co. set up in SA-represented by an appointed foreign MD who is entr… read more
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I am a co-director of a (PTY) LTD company. The business is
I am a co-director of a (PTY) LTD company. The business is a family business and my brother has always taken the dominant role, however, for some time now I have not agreed with many of his decisions.… read more
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Hi. I own a 45% of a property holding company. There are
Hi. I own a 45% of a property holding company. There are 3 shareholders, 2 plus myself. We have no shareholders agreement and no signed off budget. My partners have , without my knowledge and/or discu… read more
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what is the recourse of a director being fired who is a shareholder? My
what is the recourse of a director being fired who is a shareholder? My father is a shareholder of a Steel company and was fired today as the companies managing director, there has been a dispute betw… read more
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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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Good Morning If you are planning on closing a company down,
Good Morning If you are planning on closing a company down, how do you work out each person's retrenchmant package? How much notice do you need to give employees? If there is money still outstanding f… 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
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Good day to you. I am a director of a company, the first female
Good day to you. I am a director of a company, the first female director. I became one last year. My problem is that the I have asked the owner to put me on the company medical aid and also pay my pet… 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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breakdown of relationships in family owned business. We have
breakdown of relationships in family owned business. We have no shareholders agreement. I hold minority shares of 16% in the business. What are my options since verbal discussions have reached a deadl… read more
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C is moyority shareholder and own the building. Minority
C is moyority shareholder and own the building. Minority as directors and M.D. just put the this policy in, retirement at 65. They are trying to buy the 70% percent shares. Can they implement a new po… 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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