Simple Shareholders Agreement Template South Africa

THIS ACCORD is made and entered on the date of this ACCORD, after and between _____deren main offices in the ______alle of the company`s shareholders. 4.3. Shareholders take the necessary steps to amend the Memorandum and the Company`s by-law so that they are in accordance with the provisions of this agreement. 1. When a business is managed through a company, there are usually two or more shareholders, all of whom are active in the company, who wish to have a say on the board of .B board and must be protected from certain decisions taken by a majority, such as the change of business, the sale of business relationships, the declaration of dividends, the pawning of assets, the modification of the structure of the company, the guarantee, etc.; (b) in the event that shareholders accept the issuance of additional shares or securities that may be converted into shares, any shareholder has the right to acquire the securities offered at a later date in relation to his respective shares in the company at the time of that offer. We offer a contract area to our customers more than just a shareholder pact model. The shareholders` pact is an important document that must cover all important bases. The use of a model for shareholder agreements is dangerous. Contractzone`s shareholder pact is developed by a team of experienced lawyers. If you need something in particular included in your shareholder contract, our team is at your disposal. The directors of the company may increase the salary of shareholders/employees from time to time, provided that the remuneration paid to each shareholder or employee for his services in a calendar year is equal to the remuneration paid to any other shareholder in that calendar year, unless the shareholders have agreed unanimously or by written consent signed by all the directors of the company and recorded in the company`s minutes. The document also contains provisions relating to the transfer of shares by majority shareholders to several other shareholders who, together, own more than alone.

It minimizes the possibility of a takeover by minority shareholders. 10.1. Shareholders have the power to declare dividends or other payments to shareholders. 2. a) The Company will not carry out any of the following measures without the unanimous agreement of all shareholders:i) issue additional shares of a class or securities 9. If the company reasonably finds that a proposed acquirer cannot be considered a shareholder in a sub-chapter S company or that such a transfer would cause the Corporation to lose its corporate characterization of Sub-Chapter S, the company may inform the shareholder of that decision and therefore prohibit the closing of the assignment. However, there is nothing in this paragraph to interfere with the rights of the company and shareholders under this agreement.