Lock in/vesting for co founder of start up
This query is : Resolved
13 February 2016
I am planning to incorporate a company for a startup project. I would be having major shareholding (around 75-80%). One of my friend would be having the rest of the shareholding.
I want to allot shares to my friend in such a manner that he is not in a position to sell all shares before 4-5 years to any third person.
Can we have an agreement that out of 20% shares allotted to him, he can sell only 4% per year ; thereby locking his investment for 5 years?
I want to allot shares to my friend in such a manner that he is not in a position to sell all shares before 4-5 years to any third person.
Can we have an agreement that out of 20% shares allotted to him, he can sell only 4% per year ; thereby locking his investment for 5 years?
18 February 2016
Yes... ICDR is permitting the same ~ Rahul Magan ( 91-9899242978 )
19 February 2016
Its would not be a listed company . How ICDR comes into play?
19 February 2016
Yes... if not listed then no ICDR comes into play. You are most welcome to connect with me at 91-9899242978 in that regards.
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