We just registered new company, of three member, I as director & 450% shareholder AND two shareholders of 200% and 350% respectively. the shareholder with 350% has just resigned due to his personal reasons, we are confused, what should happen to his 350% shares in the business? especially that the company is new, not yet in operation, he just resigned few hours before the CIPC complete the registration, now that the documents & shareholders certificates got delivered to us today, what must we do? is he supposed to have his certificate even if he is no longer the shareholder? or is it possible to reverse the registration so that he can be removed as the shareholder? somebody help.
Type of Business: (Pty) Ltd
No of Shareholders: 3, (450%, 350% and 200% shares each)
Resigned Shareholder: 350%.