Dear Everybody,
I have a question to ask.
Say A company XYZ (P) Ltd, X holds 52% of the shares, Y holds 13% of the shares and Z holds 35% of the shares. As Mr.X holds 52% of the shares the controlling rights will come to him. The articles allows the members to transfer the shares to his/her relatives. If Mr.Z transfers his shares to his 10 relatives, then will it be any threat to the controlling power of X, IN ANY CASE?
If X,Y,Z are the directors of the company, if Mr. X finds Y and Z are against him personally, what can Mr.X do to regain his powers in a board meeting?
Appreciate your help on this.
Regards,
SBC
CAclubindia
