Shareholders

[Stupot80]

hi

There is 3 people who have equal share in our company….2 are directors….1 director has resigned but has maintained his share, so this person is a PSC as well as other two.

There has been a breakdown of communication to the extent the person who isn’t director but shareholder is not getting back to the directors with relevant info…ID being one.

Is there anything the directors can do?

 

[Chris Ashdown]

Shareholders have no duty to the company, If you buy a share in say "Marks and Spencer," you will be entitled to the yearly accounts and maybe a meeting but that's the limit of your involvement. the shareholders elect Directors who run the company

So in this case when the director retired, that's it, and only real point is he must be paid any dividends as previously agreed in the shareholder's agreement

 

[Newchodge]

hi

There is 3 people who have equal share in our company….2 are directors….1 director has resigned but has maintained his share, so this person is a PSC as well as other two.

There has been a breakdown of communication to the extent the person who isn’t director but shareholder is not getting back to the directors with relevant info…ID being one.

Is there anything the directors can do?

Why do you need ID from someone who has been a director for some time?

What other information do you require from your shreholder?

 

[Stupot80]

Why do you need ID from someone who has been a director for some time?

What other information do you require from your shreholder?

The company is changing bank account details and mailing address. Both have asked for id’s and proof of res from the PSC’s which are the three shareholders….

 

[fisicx]

You have already asked this question and received the answer:

PSC

Hi Asking for advice re PSC in a limited company. There are 3 persons holding 1 share each in the company….one person listed as PSC in the company…..this PSC has completely disappeared and 2 directors cannot get hold of him…..the PSC is not a director, he was but then didn’t want a directors...

www.ukbusinessforums.co.uk

 

[fisicx]

Why not just issue more shares so they are no longer a PSC