Funding in private company

Swati Sharma (TRAINEE) (328 Points)

23 September 2016  
There are 2 scenarios kindly explain the role of disinterested member: 1. In a Pvt. Co. consist of 7 members...If existing shareholders sell their shares to non-Existing SH(Investor) and the disinterested Shareholder(1) neither pass the resolution nor sign the SHA. 2. If Co. goes for Private Placement, the said disinterested members again neither pass the Reso nor sign the SHA. Can a Pvt. Co. even incase of disinterested member can smoothly receive funding??