conflict among shareholder in pvt co

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rahul kumar (Querist)
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29 June 2016 Dear sir..i have a question regarding some of the issue with my friend For eg... Mr A holds @70% shares..Mrs A holds@10% share...nd Mr Rk holds 20% shares of a xyz pvt co... Now there is a conflict between Mr Rk and Mr A..... So what shall be the steps to remove Mr Rk from xyz pvt ltd..if he not ready to compromise...

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Pratik Shah

Pratik Shah (Expert)
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29 June 2016 No one has a right to remove a shareholder from the Company. Mr. Rk is holding shares in a particular company. It is his property. He can not be removed unless he himself wants to transfer his shares.

Mandar

Mandar (Expert)
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29 June 2016 1. Kindly check your companies Articles if there is any share departure procedure or check if the major shareholder can offer a fair value for shareholding of Mr. RK
2. Members Voluntary Winding up , by transferring assets of current company by floating a new company.
3. Issue shares to dilute his stake to a minimum percentage

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