187+ Lawyers are online 
How to make a an agreement for distribution of shares
07-May-2023 (In Startup Law)
I am developing a new company with my friend,we have agreed that he will exit from the company after two years, i'll hold 72% and he'll hold 28% What is the procedure to make sure it in advance
You could provide for a vesting period. Basically, make a provision in your Articles of Association that the Partner shall 'vest' his shares with the company and that if he leaves prior to 2 years, the Company or you as the other shareholder shall have the right to purchase his shares from him at the face value of the shares (which in most cases is Rs. 10/- per share).
Helpful?
25+
25+
Adv. Aditya Shamlal
Delhi | 25+ Answers
CONTACT NOW
Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.
Connect with top Startup lawyers for your specific legal issue
No Comments! Be the first one to comment.
"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."
