Hello my name is ***** ***** I will help you.
Do you have any form of shareholder agreement please?Alex
Was anything in writing from him with his promises?
Did you hold notes of the meeting?
But it was based on lies? That is why he is a shareholder?
Is he on the annual return? Did you write and formally accept?
Did you accept any payment and if so, when?
Was there an agreed amount to be invested?
If so has he paid this amount or refused? I see there is a reference to £15k
But this was never agreed in advance?
So he hasnt stuck to his side by giving the capital injection as agreed?
Ok - then he is in breach of contract. You can return his funds and then say that the agreement is terminated. You had an agreement and he broke it.
Therefore on that basis alone you can end or terminate the agreement. This is a simple case of breach of contract.
He didnt pay the funds, he organised a loan - that was not the deal.
Can I clarify anything for you about this today please?Alex
No, he is not named on the annual return. In any event you can hold an AGM to vote him out for the breach of contract.
Does that clarify? Alex