I have a pvt ltd company registered in 2012. We are 3 friends who co-founded it.
We collectively decided thaat 17 % of company shares will go to one partner whose idea is all about company and this friend only working full time. Other 2 friends are not working on this project.
And another 17 % share will be reserved for Angel Investor/VC.
Rest 66 % share will be divided as proportional to investing amoount which we all 3 friends will do.
Now I am giving example - suppose we all 3 friends named as PK (whose idea is going on and working full time), AL & AM.
PK invested 40 Lakhs, AL invested 10 Lakhs & AM invested 16 lakhs. Total investment is 1 crore. Authorised capital is 1 crore.
Now PK have total share is 40 +17 = 57 %
AL have share 10%
AM have share 16 %
Reserved share for VC 17 %
Total share = 100 %
Is there any laws by which PK will get 57 % share by investing only 40 lakhs.
Plz elaborate me and guide me. If there is any webpage plz give link so thaat I also go thru it.
CAclubindia
