I want to give away / renounce my shares in a Pvt Ltd Company
Status / Existing Scenario :
I own 50% equity shares of a Pvt Ltd Company.
I am also the director of the company.
There are 2 more shareholders and directors in the company.
I want to decrease my shares % because of the fact that I do not wish to take so much stress and responsibilities in the company due to my health issues and other personal work.
My question is, if I want to decrease / give away / surrender some of my my shares in the company, what can I do?
- there is no fraudulent or breach by anyone within the company of any kind, and the company is in losses.
- The Article of Association of the company allows share transfers as well as buy-back of shares.
Asked 5 months ago in Business Law
OK. But what if no one is ready to take the shares?
Asked 5 months ago