Ask a Law Question, Get an Answer ASAP!
1. It is perfectly permissible for you to set up a new Class of shareholders who are your spouses and to distribute dividends to them. This can be a category of preferred shareholder who have the right to participate in dividends. This is perfectly permissible under the Companies Act. There is no requirement that any shareholders of a particular class have to be involved in a company. Nor do dividends have to be distributed to management. So, this is a valid arrangement in law.
2. Please Rate or Accept the Answer as unless you do so, your Expert will not get paid for answering your question.