Shareholders Agreement Sample South Africa

10.2. Shareholders expect the company to distribute dividends for each of its fiscal years. 9. If the company reasonably finds that a proposed acquirer cannot be considered a shareholder in a company in Sub-Chapter S 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. 7. (a) Where, under this agreement, the shares of the shareholders are acquired or retired, that shareholder or the legal representative of that shareholder executes all necessary documents that may reasonably be necessary to make a full transfer of those shares for the purpose of the purchase transaction. Some of the aspects that will be addressed in the shareholders` pact should include: 4.2. The provisions of this Agreement prevaltely in any contradiction between the provisions of this Agreement and the Memorandum or Statutes of the Company. No other shareholder agreement for sale on the Internet are provided in plain English or as comprehensive in their coverage of legal issues and explanations of wording and advice provided. Net Lawman`s slogan «Real law, in plain English» applies to this document as to all others.

This document is used for information purposes and only serves to illustrate the diversity of written agreements. Agreement Sample disclaims any responsibility for the content of this document or for the actions or inaction it takes. It should not be used or used for any purpose, does not constitute a recommendation or approval, and does not replace professional legal advice. Reading this document does not involve any professional relationship or is not based on any other professional relationship. You should always seek the advice of your lawyer. 10.3. Dividend payments depend on the company`s directors` belief that the solvency and liquidity requirements required by law have been met and that shareholders are in good faith satisfied with the requirement of prudence with respect to the company. 1.13. Any reference to a party in this agreement, if that party is liquidated or seized, also applies to the liquidator or agent of that party, if that party may be, and engages it with respect to that party.

11.1. The parties choose as their domizililia citandi and executandi for all uses of this Agreement, whether with respect to legal proceedings, notices or other documents or communications of any kind, the following addresses: No action may be issued to all shareholders on that date, except by an offer of proportional rights. If a shareholder does not respect his rights, he is deemed to have renounced the other shareholders who follow their rights in the same proportions as their rights. Shareholders accept that if a shareholder does not have the financial means to follow his rights, the obligation to issue preferential rights does not constitute unjustified, unjust or unjust conduct. A shareholders` pact is used to regulate relations between the different parties as shareholders and often also in their positions as managers of a company. A shareholder pact can be prepared at reasonable prices and will save a considerable amount of legal fees and litigation on the line. Any shareholder who plans to transfer shares first proposes these shares at the purchase value, as defined below by the company for a period of thirty (30) days, and then, to the extent that such an offer is rejected or not accepted by the company within that time, these shares were offered to all other shareholders for a period of ten (ten) days in relation to the number of those shares held in relation to the number of those shares shares held at the purchase value. of them.