Share holder Agreement_ JV partner
This query is : Resolved
18 June 2009
Please provide solution for the following case:
There is a company with partnership as
Public company : 50% (shareholding)
1stFI : 35%
2nd FI : 10%
3rd FI : 5%
Now company is having financial problem,
whereby public company have funded the company. but 1st FIs is not at all funding to the company nor ready to transfer its share to other partner or to a third party.
Public company wants to drive out 1st FIs, what is the solution for this problem.
Also, public comany does not want to terminate the agreement with other FIs.
Pls share your experience, knowledge.
thansk & regards,
There is a company with partnership as
Public company : 50% (shareholding)
1stFI : 35%
2nd FI : 10%
3rd FI : 5%
Now company is having financial problem,
whereby public company have funded the company. but 1st FIs is not at all funding to the company nor ready to transfer its share to other partner or to a third party.
Public company wants to drive out 1st FIs, what is the solution for this problem.
Also, public comany does not want to terminate the agreement with other FIs.
Pls share your experience, knowledge.
thansk & regards,
Late CA Sampat Jain
(Expert)
18 June 2009
It all depends on partnership agreement
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