banner_ad

Lock in/vesting for co founder of start up

This query is : Resolved 
Profile Image

Profile Image

(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?
Profile Image

Rahul Magan

Profile Image

Rahul Magan (Expert)
18 February 2016 Yes... ICDR is permitting the same ~ Rahul Magan ( 91-9899242978 )
Profile Image

RAJESH KUMAR

Profile Image

RAJESH KUMAR (Querist)
19 February 2016 Its would not be a listed company . How ICDR comes into play?
Profile Image

Rahul Magan

Profile Image

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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details