Hi, Thank you for your question and welcome. My name is ***** ***** I will assist you. I am a company law expert. What is the quorum for company meets? Does the company use Model Articles of Association?
Hi, Thank you. Are you receiving notice of the director meetings? Also to change the company articles require a special resolution, so 75% of the voting share capital - this means three of you alone could not force a change in the articles in any event. Kind regards AJ
Hi, Thank you. Technically it is not lawful to exclude you from the decision making process as a director. In technical terms the other directors are in breach of their obligations under S.170 - S.175 of the Companies Act in various degrees. You could have grounds to bring a derivative action against them for breach of their duties. This is however a last resort and other avenues should be considered first. What does the company actually? and given the break down in relationship is it possible to continue working with these people? Kind regards AJ
Hi, Thank you. On the basis that you will resign, do you want to pursue the directors or simply use this knowledge to lobby the other shareholders? Kind regards AJ
Hi, Thank you. Can you keep your shareholding if you resign? Bare in mind if you resign you will lose access to company financial information. Can you garner support of more than 50% of the voting share capital? If so you could then force other directors out? Kind regards AJ
Hi, Thank you. I would personally seek the support of your fellow shareholders before resigning, once you have their support you can be certain that you will be able to force change to the board. Does the company have any assets or a bank account? Kind regards AJ
Hi, Thank you. You need to start compiling evidence of mis management, you are a director so why dont you contact the accountants and banks directly to ask for financial information. Also did any of the directors benefit personally from the ground sale? Has it been sold for development purposes?
Hi, Thank you. On the basis the directors have been mis managing the company do you want to seek to remove them? I would be most grateful if you could rate my responses so far when you have a moment. Kind regards AJ