As discussed in our blog of 22 May, new Shareholders can be introduced to a company in 2 main ways, the allotment of shares and the transfer of shares. In their basic form, allotment and transfers are a simple procedure, however it is important to understand the basic requirements as these are the important part of more complex transactions like Share for Share Exchanges and Share for Undertaking. Transfer of Shares Shareholders have the ability to transfer their shares to existing shareholders or third parties. This allows shareholders to sell their shares or for companies to […]
Tag Archives: shareholder
Shareholders’ Right to Information
A member of a company has the right to certain information concerning the company. Members are entitled, inter alia, to: A copy of the Memorandum and Articles of association of the company. Prospective members should read a company’s Memorandum and Articles of Association in order to inform themselves of their rights as members and the company’s rules and powers; Inspect and obtain copies of the Minutes of General Meetings and Resolutions; Inspect and obtain copies of the various Registers kept by the company, including the Register of Members, the Register of Directors and Secretaries and […]
Shareholders’ Agreements
Guest post by Maria Fahy, Parfrey Murphy. A Shareholders’ agreement may be loosely defined as an agreement (contract) between some or all of the shareholders in a company and sometimes the company itself, which is intended to govern the rights and obligations of the parties thereto. Frequently, shareholder’ agreements will also deal with the management of the company. The advantages of using a shareholders’ agreement are as follows: It ensures secrecy for those provisions which could be publicly sensitive. Often shareholders’ agreements are detailed as to the remuneration of the directors of the company and to […]