Lock in/vesting for co founder of start up
This query is : Resolved
RAJESH KUMAR
(Querist)
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?
Rahul Magan
(Expert)
18 February 2016
Yes... ICDR is permitting the same ~ Rahul Magan ( 91-9899242978 )
RAJESH KUMAR
(Querist)
19 February 2016
Its would not be a listed company . How ICDR comes into play?
Rahul Magan
(Expert)
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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