Hi Club,
I have an interesting question.
I got associated with an ABC company around 2 years ago(Mar 2021) and allocated 2.5% of the shares when it was incorporated. I did not invest any money at that time. One of my partner invested 5cr in the company and no other partner invested.
Later on, after a year, Mar(2022), I bought 0.5% shares by buying it from a person who was leaving the company. I paid 3L to him at that time.
I have proper documents for 3% of the company and there is nothing else like termination clause or anything.
The partner who holds around 95% of the shares is threatening us now that he will terminate all the shares that I have and I will not have any shares left.
Can he do terminate my shares considering that he invested and majority share holder? Thank you.
CAclubindia
