Shareholders??

[css_jay99]

Looks like you have the answers to your questions.

Yes you can be a 100% owner of the company and hence all the shares.

Assuming you have not traded yet you can complete the Stock Transfer Form. The company retains this, it is not sent anywhere.

The G88(2) form is to issue additional shares and this is filed at Companies House.

The first Annual Return from Companies House (sent after the first anniversary) will ask for you to list the shareholders.

To deal with the other point - there can be possible issues with transfers if the company has been trading for a while, and you should speak to your accountant for further advice. Transfers between husband/wife who live together are exempt from Capital Gains Tax.

I hope this helps.

Alan

I have been trading for about 8 months now. but the bi**h Ex wife never paid me for the shares in the first place !.

i cant seem to find the form J(30 ) on the cH website, the site seems to be refering to me buying it from the stationaries . any links please.
I have to get this rolling ASAP as the bi**h is a bloody solicitor. A couple drinks will make her sign the papers !
Cheers

[Ardesco]

In that case they would have been classified as a gift, unfortunatly this doesn't make them any less legally binding.

[Paddy]

of the 100 share in my UK company, 65 shares belong to my IOM company and 35 to a Panama registered company who’s directors are anonymous under Panamanian law. They pee me off because they keep charging my company for consulting and professional fees.

[css_jay99]

I found the companyadmin site.

Well i guess i have to sweeten her up so i she can sign the transfer.

if she does not, do i have the power to increase shares in order to dilute her share of MY company.

http://companyadmin.uk-plc.net/forms/j30.doc

http://companyadmin.uk-plc.net/forms/882.pdf


css_jay99

[Ardesco]

I think you will have to make a token payment for the shares (e.g. £1 each) but as far as i'm aware there is no reason you can't do this. Best to talk to somebody who knows the in's and out's of it all though as there may be some hoops you need to jump through.

However if she refuses point blank to part with them and it is becoming a problem just close down the company and start a new one. You could also take it as an opportunity to switch accountants (because your's doesn't seem to be telling you much) and as stated on the boards here some companies will set up a new LTD for free, or the cost of a new LTD + Fees with the new accountant may well work out cheaper in the long run anyway.

[Nixon Williams]

I found the companyadmin site.

Well i guess i have to sweeten her up so i she can sign the transfer.

if she does not, do i have the power to increase shares in order to dilute her share of MY company.

http://companyadmin.uk-plc.net/forms/j30.doc

http://companyadmin.uk-plc.net/forms/882.pdf


css_jay99

I am afraid she has legal rights and she could take action to prevent you from issuing more shares just to reduce her holding. The easy way (on paper at least) is for her to sign the transfer form, failing that you could close the company and start again!

Alan

[css_jay99]

I am going home tomorrow, so i'll know one way or the other if she is going to sign or not.

cheers guys

[css_jay99]

hey people that have filled out the J30.

there is a last bit of the form Titled - FORM OF CERT REQIRED WHERE TRANSFER IS NOT LIABLE TO STAMP DUTY

It says :- set out concisely tha facts explaining the transaction, adjudication may be required.

What goes in here ?

cheers

[css_jay99]

Actually I have just had a look at the second page of the J30.

there are actually two parts to it.
mamely

1) Form of certificate required where transfer is not liable to stamp duty
2) form of certificate required where transfer is not liable to Ad valorem stamp duty


I presume I only have to fill out section (1), right ?

css_jay99

[ratewhore]

Actually I have a question along these lines as well sorry to hijack this thread.

I had my Ltd company set up with 10 Ord shares of £1 each me and bi**h Ex wife took 5 shares each.

I have already fired her as company secretary

questions are :-

1) As orig poster, Can i become the only share holder owning all 100% ?
2) If possible, what papers do I need to fill out to reflect this ?

3) How the heck do i pay myself dividends and document the necessary paperworks ?


css_jay99

You're fucked mate!! Kiss goodbye to half of whats in there, if not more...