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cherianne
Apprentice
Joined: 03 Jul 2004
Posts: 6
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 Posted: 12/27/07 - 05:39 Post subject: |
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| My friend’s private company, which is limited by shares, fell into a problem with its shares, as shareholders did not behave in order to their authorizations, now what damage can that do to the company itself? He is very concerned since home office is involved and the entire problem is under investigation. Can anyone tell me what are the authorizations that he is able to use or not in ltd company he owns with his shareholders? |
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lefty
Apprentice
Joined: 12 Feb 2006
Posts: 5
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| Posted: 01/26/08 - 03:14 Post subject: |
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| Ltd companies, which are private, are relieved in certain parts of disclosure requirements, so it must be your friend had done something quite unexpected, not to say bad… Since he is in trouble. What happened to the capital earned or increased, did shareholders held to the capital originally invested? In any case he is going to have a lot of problems now; I hope it will end successfully for him. |
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