Recent content by OGgy21

  1. O

    share ownership

    thanks scalloway, i thought that would be the case re. the voting rights. I'm still not sure on the dividend point however - surely even if both shares have same rights they would be of different classes by virtue of having different nominal values (and thus not uniform in all respects) therfore...
  2. O

    share ownership

    bump! Any guidance would be much appreciated
  3. O

    share ownership

    hi Wave, thanks for this. Can't see the answer directly but looks like I'm wrong above and that they are in fact 50/50 shareholders?
  4. O

    share ownership

    I have come across a company with one shareholder having 1 ordinary share of 1pound and another with 10 shares of 10pence each. Am I right in saying that even though the shares are of the same nominal value, the shareholder with 10 shares of 10p each owns 90.9% of the company? Am I also right...
  5. O

    directors shareholders

    A corporate is a shareholder in a company (lets call the shareholder company x). When a decision has to be made by the company (in which co x is a shareholder), would it be the directors or shareholder (ordinary or special res) who makes the decision on behalf of the co?
  6. O

    dividends

    Hi all, just wondering how taxation on dividends works with corporate shareholders. Say A and B (people) are shareholders in X limited. X limited is the sole shareholder in Y limited. If Y limited declares dividends and X limited therefore pays (corporation) tax, would A and B (as...
  7. O

    Classes of Share

    that has gone completely over my head!
  8. O

    Classes of Share

    am i correct in saying then that in a sh agreement you could require a change of the articles to require unanimity as a special res as it is 'not less than 75%' under s283? i think you're right re. removal of director as CA states it must be done by ordinary resolution which is defined as a...
  9. O

    Classes of Share

    that's interesting re. your last sentence, i would have presumed it would have required 75% of all shareholders. Yes i understand that re. the second paragraph, it was a example more than anything. Of course shareholders can require a greater majority than 75% if stated in the articles or sh...
  10. O

    Classes of Share

    ETEB, thanks for this, so the different alphabet shares denote different dividend entitlement (as i thought was the case - however i thought it would have to be mentioned in the prescribed particulars - i.e. class a shares would be entitled to the first 75% of the dividends from profits, class b...
  11. O

    Classes of Share

    What is the purpose of having different classes of shares if they appear to have the same rights attributed to each? There are ordinary a shares, b shares, c shares and d shares, however they all have the same prescribed particulars 'full divi, voting and distribution rights, non redeemable...
  12. O

    Joint Venture help...

    your description of the set-up is quite confusing. From what i can gather a JV company has been set up with 4 25% shareholders (all of which are also directors)? JV's are notoriously risky so using a ltd co vehicle is sensible. I am not sure that you need to have your own separate co to hold...
  13. O

    Process to remove a non shareholding director

    employee and director are two distinct (but often conflated) roles. you would still need to follow proper procedure even if dismissing for gross misconduct and of course passing the correct resolutions
  14. O

    Process to remove a non shareholding director

    Even though he not be formally employed through a contract, be careful that he is not employed through custom and practice. I.e would he be able to assert there was an employment arrangement - was he paid the same each month, obligated to work, following instructions etc. re eteb above, i do...
  15. O

    What happens with my shares if I leave my limited company

    thanks, i thought there may be some tax implications if you sold below market value, taking into account CGT etc
See more
Top Bottom
Community
Articles
Menu