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
Salam Advocates & Legal Consultants
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
Answered on 5/14/13, 4:49 am
Jayesh Desai
Jayesh Desai
How was investment made, by each person in company? without knowing this it is not possible to answer this.
Answered on 5/21/13, 9:37 am
Related Questions & Answers
-
If a loan is taken from own's business(partnership). what is the procedure to give... Asked 5/13/13, 1:43 am in India Business Law
-
We were 3 directors of a pvt ltd co after the lending bank got a settlement between... Asked 5/12/13, 12:30 am in India Business Law
-
We, a group of professionals have decided to work under one roof with a new... Asked 5/08/13, 12:06 am in India Business Law
-
Hi, If I want to open a new company in India for marketing related activities what... Asked 5/06/13, 9:09 pm in India Business Law
-
What are the objectives of the special contracts such as agency ,pledge bailment etc? Asked 5/04/13, 11:03 am in India Business Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
