Hi, Thank you for your question and welcome. My name is ***** ***** I will assist you. Do you have a shareholders agreement?
Does the company use Table A articles? Kind regards AJ
Hi, I have no shareholders agreement just a SH01.
I have the articles but where would I find if its using table A
Hi, Thank you. Does it say at the top of the Articles that they incorporate table A.
Technically speaking they can hold the general meeting at any location. If they are going to do that then they should at the very least making a facility for you to dial in on a conference call especially if there are only three shareholders.
The problem is, that if they are deliberately doing this to stop you from joining the meeting then potentially what they are doing is unfairly prejudicial under S.994 of the Companies Act and it could give you grounds t pursue them accordingly.
As for the accounts, you should be allowed access to them as a director but it is academic if you are going to be removed as a director.
What you need to do practically is decide how to move forward:
I see your options as follow:
(1) If you are going to stay in the company you need to sign a shareholders agreement with these people to give transparency over the company records;
(2) Sell your shares and move on;
(3) Bring a claim for Unfair Prejudice - the consequence of this is that the court will probably order that the other shareholders buy your out at a fair market price.
As to your Point 3. Is this easy to bring and can I myself get the ball rolling, As they have already had another meeting which I worte back and asked to dial in and they stated they did not see my email till the night before and as I did not turn up they had that meeting and this is where she orginally had 75% shares and gave husband 37%. They have laso ignored all correspondance about the company etc
I don't want to leave the Company as I feel its totally underhanded how they are doing this. There is money in the company and I am just being turfed out as I dared to speak up. And as they are Multi Millionaires I am just being stepped on
I agree I don't Trust them at all.
I would be willing to get out of this but want my fair share and protect what I am entitled to?
Can I force them to make a Shareholders agreement?