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Financial compensation for share transfer in private company

Pvt ltd 257 views 1 replies

Aadil

MBA

24 Points Joined June 2015

Dear Sir,

Please guide me here.

I am one of the directors and 25% share holder in a private limited company. I have got a better opportunity and want to resign from the directorship of the company and transfer my shares to the rest of the directors.

What financial compensation can i expect from the company or other 3 directors in lieu of my resignation and share transfers. Do I have any right of financial benefit or one time financial settlement when I resign from the company and transfer the shares. I mean, I am not a normal employee who just leave the company and take his salary. I have invested 5 years in the company and I should reap the financial benefits when I leave the company.

Thanks

Aadil

Replies (1)

P C Agrawal

Registered independent director Past Ch

8229 Points Joined March 2007

On resignation as a non-executive director : No compensation.

On transfer of shares: Consideration based on valuation of the company that may be certified by a Chartered Accountant based on projected financials of the company.