Hi thanks for your question. Were you employed or paid by the company? How and when were you appointed?
I was not employed or paid. I was one of the 4 founder directors, appointed using the standard form to companies house.
Ok thanks. Well technically your removal is invalid as a director can only be removed by a shareholder resolution of which you have to have notice. However if you are not a shareholder and have no economic interest in the company, then you have no real claim to damages for this. So you could complain the companies house that there has been a breach of the companies act and you could write to the company saying your removal is not valid. However there is nothing to stop the sole shareholder convening a meeting and removing you properly. So unless you have some agreement with the others about how things are to be dealt with then you have no realistic recourse. What if anything do your co directors say about this?
We have had no discussions on it. They seem to have had a meeting without me being notified. Two directors (including the shareholder) are a married couple. The other director I believe attended.
I was told that I had a 40% equity stake (the other unmarried director had 20%) and the director who set up the company had 40%. This was agreed in a company meeting at the beginning but purposefully not recorded in the meeting minutes or implemented within the company. It turn out the company was in fact set up with the married director owning the sole share. I only discovered this on looking at the annual filings at companies house.
The business is "trading" but making no money. I did not invest money.
It seems I will get not recompense for my time but I am interested in the intellectual property I created. The two directors who were lied to about equity share, have done all the work creating a web site, writing code and building an application that has significant potential and value.
That is good news. Can I order them to take the web site down until this is resolved? It is my code.
All the pages say "Copyright Company Name Ltd" as a standard footer. Does this affect my ownership?