HI, Im a new reader on this site. I am very concern with the company. Let put it this way: Stockholder A,B,C,D & E. " A " nominate B & C for some share of stock to have him as the major stockholder but no legal aggrement. At this point of time, the spouse of "A" is now organizing the stocks. First, what legal documents she need to prepare before she can do the movement she wants?She will transfer the stock to her name. Then without legal documents is she authorized to sell the company? Right now, there are some business man who wants to have the existing company. What happened now, these businessman will take over the business without processing any legal documents. When do we have the Board Resolution? Stockholder D & E is still exist.
What is the best procedure on this matter?
pls help me. thanks
CAclubindia
