Let go of Directorship / shareholder in Sdn Bhd

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asked on Oct 13, 2016 at 20:30
Dear all;

Good day, I have some question regarding directorship and shareholder matter to advice:-

This Sdn Bhd company having 4 director/shareholder with 40%, 20%, 20% and 20% share distribution. I am holding 20% share of this company. due to some circumstances, I which to let go my share. This company start operating since early 2015, last year still fine to break even every month, however starting from this year march 2016 it starting to loose money every month and until now as a shareholder all of us need to pump in funds about 12.5k per month. Starting capital of 30k and including all top up every month is about 50k, I wish to let go my share at 20k. My question is:-

1. If I wish to let go my share, is it possible free or I can get back some funds back from the company?
2. Can I sell my share to other people who are interested?
3. Currently, company is out of funds, if all shareholder asking for top up, can I stop to top up?
4. If I stop top up to company, what will happen?
5. If other shareholder force me to sign new shareholder agreement, can I just ignore without proper both party agreement?

I need to get all this clarify, please advice.

Thank you.
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1 Answers

answered on Oct 13, 2016 at 20:44
All businesses have an element of risk.
Go to the Comsec and Auditor to get accurate answers for your queries.
You need not pump in additional funds, if others top up, it can dilute your shareholdings till you have no more say in the operations of the company.
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