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Ownership issue and need my share back


25-Nov-2024 (In Corporate Law)
I and two other friends (say A and B) started a Pvt. Ltd. company a few years back. We have equity shares of A-48%, B-26%, and me -26%. Due to a family crisis, I could not invest much time in the business for several months, and over the past few months when I have been giving/trying to give an effort they are repulsing it. In short, they don’t want to work with me anymore, I feel left out or sidelined. Furthermore, I also don’t want to work with them now, looking at their attitude. In this situ
Answers (2)

Answer #1
826 votes
Yes since you are a shareholder in the company you have to file an application before the company court to get your share in the company. The company court will assist you in getting your share in the company. Please call us for more details. We will help you to get your share in the company.
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Answer #2
735 votes
Review the article of association and shareholder agreement and understand your financial stake and after that after Consulting with legal professionals you can file DIR 12 . valuation of shares , documentation with ROC is needed and mutual settlement among the directors.
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