Are they legally shareholders?

Discussion in 'Commercial Law Forum' started by Fisho, 25 April 2018.

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  1. Fisho

    Fisho Active Member

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    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 shareholders? They also never paid for their shares (small amount).
     
  2. Rod

    Rod Lawyer
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    A company signs the shareholder certificate, not the shareholder. A shareholder may need to sign a shareholder agreement but this is a totally different document.

    A company may cancel shares at a general meeting if the shareholders have not met the terms under which the shares were issued.
     
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