Share in pvt ltd company on account of goodwill

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P Kumar

CEO

26 Points Posted on 18 January 2015

I have a pvt ltd company registered in 2012. We are 3 friends who co-founded it.

We collectively decided thaat 17 % of company shares will go to one partner whose idea is all about company and this friend only working full time. Other 2 friends are not working on this project.

And another 17 % share will be reserved for Angel Investor/VC.

Rest 66 % share will be divided as proportional to investing amoount which we all 3 friends will do.

Now I am giving example - suppose we all 3 friends named as PK (whose idea is going on and working full time), AL & AM.

PK invested 40 Lakhs, AL invested 10 Lakhs & AM invested 16 lakhs. Total investment is 1 crore. Authorised capital is 1 crore.

Now PK have total share is 40 +17 = 57 %

AL have share 10%

AM have share 16 %

Reserved share for VC 17 %

Total share = 100 %

Is there any laws by which PK will get 57 % share by investing only 40 lakhs.

Plz elaborate me and guide me. If there is any webpage plz give link so thaat I also go thru it.

Replies (2)

Mudala Srinivas Kumar

Head - Finance/Accounts

34 Points Posted on 20 January 2015

Dear Mr.Prem Kumar

Before I proceed to answer you need to provide the following info:

1) Is it to be assumed that both authorised capital and paid capital amount are same. In other words, is it that entire authorized share capital of Rs 1.00 cr has been fully subscribed and paid up by all the 4 investor(PK+AL+AM+Angel Investor) ?

2) Is the agreed %-age sharing between PK/AM/AL is the maximum limit?

2) Has Angel Investor also fully subscribed and paid up his entire share of 17%.

Please provide the clarification so that I can advise you further.

Regards

M.Srinivas Kumar

Bangalore

P Kumar

CEO

26 Points Posted on 20 January 2015

2) Is the agreed %-age sharing between PK/AM/AL is the maximum limit? Yes, it is max limit. In other words PK/AM/AL will take max total of 66 % only.

3) Has Angel Investor also fully subscribed and paid up his entire share of 17%. No, it is under process, Angel Invester is noyt finalised on date. But for them 17 % share has to be kept reserved specially for them.

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