shareholders

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A shareholder or stockholder is an individual or institution (including a corporation) that legally owns one or more shares of stock in a public or private corporation. Shareholders may be referred to as members of a corporation. Legally, a person is not a shareholder in a corporation until his or her name and other details are entered in the register of shareholders.
Shareholders of a corporation are legally separate from the corporation itself. They are generally not liable for the debts of the corporation; and the shareholders' liability for company debts are said to be limited to the unpaid share price, unless if a shareholder has offered guarantees.

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  1. 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...
  2. 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...
  3. 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...
  4. 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...
  5. F

    Are they legally shareholders?

    So it has come to my attention that a shareholder failed to sign their shareholder certificate. This certificate needed 2 signatures (com directors as shareholder is a com) and it's only just been picked up 19 months later when they are causing problems. Question is, are they actually...
  6. K

    WA Am I Still One of the Company Directors?

    Am I still legally one of the company directors and shareholders if I haven't signed off on an ASIC form 484? Can anyone tell me please? Also if I took a loan out for a company that was in our personal names and without my knowledge, the other two company directors changed everything into the...
  7. F

    NSW Directors fail to disclose imminent asset sale to all shareholders

    Some advice needed on the following scenario: Company A is a private company with a small shareholding Company A geared up towards the preparation for an asset sale to Company B ( unbeknownst to all shareholders) The directors of Company A then raise money via a rights issue and invite the...
  8. R

    NSW Debt Recovery Chasing Me for Corporate Credit Card Transactions?

    I was a director at a company along with 2 other company directors. Those 2 other directors (Director A and Director B) were the major shareholders of the company. I reported to the other 2 directors (Director A and director B). I was instructed by Director B that American Express (AMEX) was...
  9. M

    WA Nomination of directors PTY

    Hello, I am the sole director of a PTY owned by a foreign company at 100% (shareholders). Shareholders have suddenly (by email and without showing any evidence of whatsoever process followed or resolutions) nominated themselves along me as directors of this PTY. My company constitution suggests...