Shares from a private limited company ?

[ElliottAug]

Hello all

I am in a very awkward situation and I wonder if someone can give me some advice please.

I setup a company with 3 business partners 8 years ago. We are all directors and have the same amount of shares in the business. Two months ago, I decided to leave the business, so I told my fellow directors about my departure and I asked my company to buy my shares back. As soon as I have said I was going to leave, my fellow directors have not invited me to any directors meetings anymore. I did not know they were not allowed to do that until I spoke to someone who knows a bit about laws.

Anyway, 3 weeks after my leaving annoucement, I was called in to a directors meeting for the first time. In the meeting, I was presented to a piece of paper which turns out as a fake/make up balance sheet. Basically I was told, based on this fake balance sheet, the business could only offer a small amount of money to buy my shares. It worked out 40% of what I was entitled to. I told the fellow directors I needed to consult some legal advice first, so I took the fake balance sheet away and left the meeting.usps tracking showbox speed test

[R0b]

Hi,

Not to be rude but, is there a question?

Seems like you are claiming that that balance sheet is false and there may be some kind of fraudulent representation going, in which case have you got evidence to the contrary?

Also, is there an obligation on the directors as shareholders to buy out your shares?

You've said that you will take legal advice and I suggest that is a good idea, get some independent advice on the matter as company law issues are not always straight forward and even more so if you are alleging fraud.

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