Lock in/vesting for co founder of start up

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RAJESH KUMAR (Querist)
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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?

Rahul Magan

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

RAJESH KUMAR

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

Rahul Magan

Rahul Magan (Expert)
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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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