Can A Shareholder Who Is Also A Cofounder Be Removed?

Is it possible to remove a troubling shareholder of a Company, who is also co-founder of the Private limited company? We do not have any agreements.

Answer (1)

You can't remove shareholder from the company but remove a director from his post by suo moto resolution passing in the boards meeting. You can force him to sell his shares to other members.

Answered on 24 Nov 2019


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