Can an MD/CEO Be Removed from Their Position? 🤔
Scenario:
Mr. Shyamlal registers a private limited company and includes a clause in the Articles of Association (AOA) that he will remain a director for lifetime. But later, he is warned that this mi
The Institute of Chartered Accountants of India • 26d
To Alter/Amend any AOA clause, its requires 75% Voting Rights as Default.
0 replies1 like
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Tarun Suthar
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The Institute of Chartered Accountants of India • 28d
Can an MD/CEO Be Removed from Their Position? 🤔
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Mr. Shyamlal registers a private limited company and includes a clause in the Articles of Association (AOA) that he will remain a director for lifetime. But later, he is warned that this mi
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Why no bike company give cool features like this as default?
Why do people have to do illegal customization in india?
What if any new company emerged with cool assesories like this as default?
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Tag Along v/s Drag Along Rights
When drafting agreements, Tag Along and Drag Along Rights are essential clauses that shape how investors and founders navigate ownership changes. Let's break down the impact from both perspectives:
For Investors:
1.
I own a B2B Silver Jewelry Business, its been 6 months and its fine but not doing as well as I expected. I have almost invested everything and anything I can into it until now. I've appointed a sales person and since its b2b somehow my entire sale de