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Thanks for your question. Generally, and subject to my comments below, they can’t of course do that. It is illegal. You will need to see a solicitor quickly to have your case prepared and if necessary put into court to protect your position. I am assuming there is no shareholder’s agreement or Articles of Association that allow for expulsion and the redistribution of shares. Subject to that you must see a solicitor immediately. Shares are owned by the person who holds them and they can’t arbtrarily be removed without some legal basis. Your director’s appointment is similar. That may also have employment law ramifications if you were actually working for the company as well as the Companies Act implications for their actions. I hope that helps. Please leave a positive rating so that I am credited for my time.
No, no immediate time limit, but you should not delay here.