Legal Question in Business Law in India

we have started a company with 4 partners. We jointly started a new company in dubai. Now 3 of us decided to withdraw and the 4th one is taking the company. Should he compensate us for the new company he is taking ?

Asked on 5/13/13, 7:17 am

2 Answers from Attorneys

Shaji Natarajan Al Shamsi & Partners, Advocates & Legal Consultants
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Your Query does not detail as to the manner and location of incorporation of the Company at Dubai. If your Shares in the Company are being sold to the other Partner, in such case you 3 Partners/ Shareholders have to be paid the value of each of your Shares in the Company.

If further clarification is required, you may mail with full details to [email protected] or call on 00971 50 2104389

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Answered on 5/14/13, 4:49 am
Jayesh Desai Jayesh Desai
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How was investment made, by each person in company? without knowing this it is not possible to answer this.

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Answered on 5/21/13, 9:37 am

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