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Debt Relief – Insolvency – Bankruptcy Information » Insolvency » can the directors of a company put it into liquidation without informing the shareholders?

can the directors of a company put it into liquidation without informing the shareholders?

10 years ago i was one of 5 people who started a small limited company with 20% shares each. due to relocation i was forced to resign as a director 5 years ago leaving the other four to run the business, however they have recently had a big bust up and are talking about closing the company. as a 20% shareholder do they have to inform me of any decision to liquidate and if they do would i have a right to contact the insolvency practitioners involved

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One Response to "can the directors of a company put it into liquidation without informing the shareholders?"

  1. Michael B says:
    You need to take all of your papers to a lawyer. Depending on how the original agreement was drawn up the answer can be yes or no. It depends on the original contracts and legal agreements.

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