Hi,
In one of our company there our three directors who have hired an consultant for their company and he is not been paid any fees, but after three of consultancy he will be shares of the company in proportion of directors shareholding.
Can such transaction be done and for such transaction can memorandum of understanding be signed & registered.
Please help any clause particularly for such transaction will take into consideration to deal, also does it amount to contingent contract but we have time limit fixed .
Kindly help as its urgent.
CAclubindia
