Description

Should your business have multiple owners, additional protection is required for the shareholders of a business.  It is vital to include specific provisions in the MOI which a greater legal effect than (and can replace the need for) a shareholders’ agreement. These provisions include: i) Restrictions on the transferability of shares; ii) Shareholders rights of pre-emption; iii) Dividend Policy; iv) Shareholders’ Meetings; v) Business of the company that will require a Special Resolution to be effected; and vi) Mediation provisions.