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Shafted over a share issue?
20-10-2007, 11:32 PM
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THE SITUATION;

UK based company, 3 Directors with equal shares. Shares are distributed as 'Ordinary shares' but with NO CERTIFICATES Issued, merely written confirmation of the distribution.I believe that these details were registered with Companies House, mainly because I have a copy of the most recent Form 169 stating that all the shares have now been returned to the company.

THE PROBLEM;

I have chosen to resign as a Director, but have been told by the remaining Directors that all my shares have been returned to the company, despite never signing anything of this nature. They state that due to no certificates actually being issued, no signature is required.

THE QUESTIONS;

1) At what stage are shares actually 'issued'?
2) Can shares be taken from a holder without a signature. Does the issue of certificates change things?
3) If the original shares weren't registered with Companies House, what offences has the accountable manger committed?

Sorry to launch with a tricky subject, but I feel well and truly shafted. the comapany is going great Guns and aftersetting it up over a year, I want my share!! Many thanks for any help or info given.

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