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Jo C.
Jo C., Barrister
Category: Law
Satisfied Customers: 31300
Experience:  Over 5 years in practice
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What action can be taken if a minority Director shareholder

Customer Question

What action can be taken if a minority Director shareholder (49%) with the help of the Company Accountant, modifies Articles of Association without informing the majority shareholder. The change gives the minority shareholder Director to allocate dividents without the approval of the majority shareholder.
Submitted: 1 year ago.
Category: Law
Customer: replied 1 year ago.
UK Company Law
Expert:  Alex J. replied 1 year ago.
Hi, Thank you for your question and welcome. My name is ***** ***** I will assist you. You cannot amend the articles without a special resolution (75% of the voting share capital) - this is potentially just a fraud. Do you have a shareholders agreement?