What is Shareholder Agreement
Following is the basic document you are required to sign before company registration :
- F45 ( consent to act as director )
- Company Constitution
Aside from the above 2 documents, MR A been asked to sign shareholder agreement .
WHAT IS SHAREHOLDER AGREEMENT ?
Shareholder Agreement is another internal documents with the additional list of regulation beside company constitution .
And it normally draft out for signature BEFORE company registration to have better clear picture of objective.
Any amendment of this agreement must with the consent of all shareholder .
The preparation of Shareholder Agreement is to protect the shareholder interest instead of company interest .
WHAT IS THE DIFFERENT BETWEEN COMPANY CONSTITUTION AND SHAREHOLDER AGREEMENT ?
Shareholder Agreement is a PRIVATE DOCUMENT and is different from Company Constitution which must registered with ACRA and public can purchase it at any point of time
WHAT IS CONTENT OF SHAREHOLDER AGREEMENT ?
shareholder agreement will consist the following basic provision :
- Dividend Policy
- regulation in allotment and transfer of shares
- shareholder’s list of right
Related article :What is company constitution