company directors

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  1. A

    Associated Entities - Corporations Act

    Hello. I am trying to determine whether Company A and Company B are 'associated entities' as per s50AAA of the Corporations Act. Each company owns a business with different ABNs. Both companies have two shareholders with 50% shares each. The shareholders are a husband & wife. The husband is...
  2. IdentityWitheld2020

    QLD Director/Shareholder wishing to resign- Do I forfeit my shares?

    I am resigning from my position as a Director of a small company. There are two directors, me and my other co founder. We assigned new shareholders in exchange for a loan. By resigning, do I automatically have to forfeit/sell my shares? We have a shareholders agreement, but it makes no mention...
  3. A

    Company Law- Oppression

    Hey im just looking for a little help in a company law question, I know s232 &s234 in the corporations act come into play. Can anyone provide similar cases and there outcomes? Shorty and Shifty set up a company called Simpleton Ltd. Through the business organisation Simpleton Ltd, Shorty and...
  4. M

    QLD Shareholder excluded by company

    I have a relative who is a 5% shareholder in a small proprietary company who she once worked for. Over the last 5-6 years, she has never been advised about or invited to the company's AGMs, never provided with Annual Financial Statements and never paid any dividends. All requests for...
  5. J

    VIC Defamation Case Filed Against Me?

    Hi all, I have been involved with a private company as an investor and lost 40K. The company directors are telling they have made a loss of 80% investment. The company is not providing accurate accounts/information. I have contacted 3 other investors to find out if they have received any...
  6. A

    VIC Breach of Company Directors Duties?

    Background: In dispute with the other shareholder of a pty ltd company (we're both company directors). They made serious misrepresentations and false promises to convince me to leave my original business and create one with them. They've caused irreparable public damage to the brand with their...
  7. S

    VIC Shareholders Controlling Interest in a Company?

    We own 15% of a company. One of the company directors has a 25% share of the company and his son owns a 5% share of the company. The director with 25% is currently unwell and it appears within the next 12 months will be deceased. Lawyers have advised a 30% share of the company is controlling...
  8. G

    VIC Can Landlord Withhold Consent to Transferring Shares to Beneficiaries?

    Hi, Last year, my father who was the only company director passed away. My brother and I became the directors of the company, but have been unable to transfer the shares that belonged to our father. The commercial lease requires that a change in membership of the company requires landlord...
  9. Joanie

    QLD Contractor - Can I Start My Own Independent Business?

    I work in the Real Estate game as an Independent Contractor. As a result of recent changes (2nd April 2018), the company directors must now pay a minimum wages. 1. Can they terminate my contract? (Orginial contract says either party can terminate with 30 days notice). If so, must they pay me...
  10. E

    NSW Company Directors - Are Board Minutes Now Considered Invalid?

    I served as a director for a company for a period of time. A number of new board appointments were made and the final minutes of the board meeting when I was a director were in a draft format prior to stepping down as a director of the business. The company directors at that time never signed or...