< Go Back

shareholders agreement template south africa

13.6. The provisions of the Arbitration Act, 1965 shall apply to this arbitration. The parties choose as their domicilia citandi et executandi for all purposes under this agreement, whether in respect of court process, notices or other documents or communications of whatsoever nature, the following addresses: (a)          For _______________[Shareholder 1]: (b)          For _______________[Shareholder 2]: (c)           For _______________[Shareholder 3]: 11.2. A Shareholders Agreement, is an agreement between the shareholders of the company and between the shareholders and the company itself, and regulates the rights and obligations of the shareholders to each other and to the company, as well as the rights and obligations of the directors appointed by the shareholders. 6.1. But not anymore. 9.1. Each shareholder undertakes to guarantee, jointly, the obligations of the Company to third parties as shall be necessary to enable the company to conduct its business from time to time and hereby indemnify each other pro-rata to their respective shareholdings in the Company. A Shareholders’ Agreement and the Company’s MOI (Memorandum of Incorporation) go together like the proverbial horse-and-carriage. 1.7. There is currently an Amendment to this Act which has recently been signed into law, if you purchase this Shareholders Agreement Template and the Amendments alter this document in any way you will be provided with an … The Offerees shall have the right, for a period of __ (_______) days after receipt of the Offer Notice (the "Acceptance Period"), to purchase the Offeror's shares by an unconditional written notice to that effect (the "Acceptance Notice") to the Offeror no later than the end of the Acceptance Period. ... Free Partnership Agreement Template South Africa 8uexa Awesome Business Partnership Agreement Template Free South Africa. LawLive is the easy way to create professional legal documents in minutes. 12.7. This Shareholders Agreement Template is up to date with the new Companies Act which came into effect from 1 May 2011. The Initiating Shareholder may also make an offer to the other Shareholders as a group, and the other Shareholders will either come to an agreement among themselves to buy the Initiating Shareholder’s Shares or will, as a group, elect to sell all of their Shares to the Initiating Shareholder, and the procedure in this Shot Gun Provision will apply. If any shareholder shall not follow its rights, he shall be deemed to have renounced same to the other shareholders who do follow their rights in the same proportions as they follow their rights. 13.1. BETWEEN: and and (Hereinafter referred to as the “Corporation”) RECITALS: 1.The Corporation was incorporated under the Act by articles of incorporation dated ; 1.Each of the Shareholders is the registered and beneficial owner of the number Nevertheless, at any meeting of the board, each director shall be entitled to exercise such number of votes as equates to the number of shares held by the Shareholder that appointed him at the date of the meeting concerned (in the event that two or more directors were appointed by the same shareholder, their number of votes shall not be accumulated). Any dispute or claim arising out of or in connection with this Agreement, including regarding its existence, validity or termination, shall be submitted to the ______________ Court, that shall have sole and exclusive jurisdiction. 0 The Company shall be obliged, in relation to any such adjourned meeting, to forthwith notify the Shareholders by telefax of the date, place and time thereof. The payment of dividends is subject to the directors of the company being reasonably satisfied as to the requirements of solvency and liquidity having been adhered to as required in terms of the Act, and subject to the shareholders being reasonably satisfied in good faith as to the requirement of prudence as regards the company having been adhered to. 9.6. (b)          Issued R __________ divided into _________ Shares and held as follows: ___________                                   ______ shares                   ______%. The Parties shall use their best endeavours to procure the fulfilment of the Conditions as soon as possible after the Effective Date. 12.2. Each Shareholder … 8.5. %%EOF Also, it includes a provision which states that you must base all decisions by discussion and consensus. (d)          the Company – _________________________________________ [insert company and number]. SHAREHOLDER 3: Full Name: A Contractzone we provide our clients with much more than just a Shareholders Agreement template. (e)          the Effective Date –  the date indicated above upon which this Agreement became duly signed by all of the Parties hereto. 36] of signing the shareholders Agreement for the first time, unless otherwise agreed in writing by the Partners holding at least 90% of the shares of the Company. Each director shall have 1 (one) vote. Shareholders agreement – South Africa. Modification; Waiver. All and any amounts lent and advanced to the Company shall be credited to the respective Shareholder in the financial records of the Company. 13.2. A South Africa law compliant template Shareholders Agreement customisable and ready to use out of the box When setting up a company, whether it be with family, friends, strangers or business acquaintances, it is all too often assumed that nothing will go wrong in the future of the company. Within these agreements, the corporation lays out its expectations of the shareholders' behavior and obligations and the shareholders … The Offer Notice shall only be capable of being given in respect of the entire shares of the Offeror and shall not be revocable until the expiry of the Acceptance Period (as defined below). No resolution of the Board shall be valid unless it is passed by at least ___% (________ percent) of the number of votes represented and available to be cast at the relevant board meeting. Apply below or call us toll-free. SHAREHOLDER 2: Full Name: Registration Number/Identity Number: Physical address: Email address: Number and class of Shares: 3. 6.4. With this in mind, here are six points that you and your shareholders need to discuss while working out the shareholders agreement. Shareholder Agreement Template South Africa. The shareholders shall declare the dividends and procure that payment shall be made within 30 (thirty) days after the annual financial statements of the company. The shareholders shall take such steps as may be necessary to alter the memorandum and articles of association of the company so as to reflect the provisions of this agreement. Each Shareholder undertakes to vote in favour of the other Shareholders' appointments, removals or replacements of alternate directors. Before the new Companies Act, a private company’s Shareholder’s Agreement was king of this carriage, overriding any conflicting provision in the articles of association. 6.1. 1941 0 obj <>/Filter/FlateDecode/ID[<754438FFAE0E254F9DA60C9D5DD4C608>]/Index[1919 41]/Info 1918 0 R/Length 111/Prev 346873/Root 1920 0 R/Size 1960/Type/XRef/W[1 3 1]>>stream (iii) ‘Agreement ’ means this Shareholders Agreement together with the Annexures, Schedules and Appendices thereto. The Company will endeavour to obtain whatever additional working capital it may require from time to time from its own resources and/or from external or other banking sources. Our Attorney can create a Custom Shareholders Agreement for your Company for only R1290. Board meetings shall be held at least ___ (_____) times during every financial year of the Company, provided that any Shareholder shall have the right, on not less than ___ (_____) days' written notice to the Company, to convene additional meetings of the Board. 11.4 Cession of rights Pages: 2 Page(s) 1.14. h�bbd```b``���@$S�d��H�E �9,�"���u �U��ٌ`�LF���l Y�$�n��-G@dZ HDd���ـ������F��~w 0 ��c IN WITNESS WHEREOF, the Parties hereto have executed this Agreement at the date first above written. Each party shall bear its own costs incidental to the negotiation, preparation, conclusion and implementation of this Agreement. The board of directors shall consist of _____ directors. Any Party may by notice to the others change the physical address chosen as its domicilium citandi et executandi to another physical address in the Republic of South Africa, or its telefax number, or its Email provided that the change shall only become effective on the seventh day after receipt of the notice by the addressees. 2.3. The parties shall use their best endeavours to ensure that the arbitration is concluded and a decision handed down within 30 (thirty) days after the arbitration has been demanded. 1919 0 obj <> endobj Copyright © 2010. 11.1. (a)          delivered by hand to a responsible person during ordinary business hours at the physical address chosen as its domicilium citandi et executandi shall be deemed to have been received on the day of delivery; (b)          sent by prepaid registered post (by airmail if appropriate) in a correctly addressed envelope to it at an address chosen as its domicilium citandi et executandi to which post is delivered shall be deemed to have been received on the 7th (seveth) business day after posting (unless the contrary is proved); (c)           sent by telefax to it at a telefax number chosen as its domicilium citandi et executandi, shall be deemed to have been received on the date of despatch (unless the contrary is proved); (d)          sent by e-mail to it at an email address chosen as its domicilium citandi et executandi, shall be deemed to have been received on the date of despatch (unless the contrary is proved). If, within 30 (thirty) minutes after the time appointed for the meeting, a quorum is not present, the meeting shall stand adjourned to the same day in the following week, at the same time and place or, if that day is a public holiday, to the next succeeding business day and if at such adjourned meeting a quorum is not present within 30 (thirty) minutes after the time appointed for the said meeting, the Shareholders present shall, subject to the provisions of the Act, be a quorum. Governing Law and Jurisdiction. 1.12. 7.2. Nothing contained in this Agreement shall be construed as constituting any of the Shareholders as the partner/s of any of the other/s of them or any Shareholder/s as the agent/s of either the Company or any of the other Shareholder/s. The provisions of this clause constitute an irrevocable consent by the Parties to any of the proceedings contemplated therein and none of the Parties shall be entitled to claim that it is not bound by it and are severable from the remainder of this Agreement and shall remain of full force and effect, notwithstanding any termination, cancellation, invalidity or alleged invalidity of this Agreement for any reason whatsoever. Do you need a Shareholders Agreement for your Company in South Africa? A quorum at meetings of board shall be the respective duly authorised representatives of 75% (_________ percent) of the number of votes represented and available to be cast at the relevant board meeting. You should always seek the advice of your legal professional. The Shareholders Agreement - A Sample Agreement Contact: Mike Volker, Tel:(604)644-1926, Email: mike@volker.org (Note - this is just a sample agreement to give the reader some basic ideas. It should not be used or relied upon for any purpose, does not represent a recommendation or endorsement and is not a substitute for professional legal advice. 1959 0 obj <>stream 4.1. Meetings of Shareholders shall be convened in accordance with the Articles of Association of the Company. Divorce, Separation & Property Settlement, Prenuptial, Postnuptial & Marital Agreements, Cohabitation, Living Together & Non-Marital Partners, Copyright Assignment & Transfer Agreements. This Agreement represent and constitute the entire agreement between the parties, and supersedes and merges all prior negotiations, agreements and understandings, oral or written, with respect to its subject matter. (f)           the Parties – collectively, the Company and the Shareholders. 1.13. (c)           natural persons include created entities (corporate or unincorporated) and the state and vice versa. The Parties are obliged to maintain the utmost confidentiality with regard to all matters relating to the arbitration, save as otherwise expressly and peremptorily required by law. 12.1. TEMPLATE SHAREHOLDERS AGREEMENT . 9.5. 7.5. shareholders at the Company’s annual general meeting to be held on [x] 2018: Brief explanatory note for the resolution: The Paris Agreement of 2015, agreed to by 197 parties, including South Africa1, commits to holding the increase in the global average temperature “to well below 2˚C above pre-industrial levels and to 6.2. 8.3. If no chairman is elected, or the elected chairman is not present within five minutes of the time fixed for the meeting or is unwilling to preside, those directors in attendance may usually elect one of their number as chairman of the meeting. Severability. Should the condition not be fulfilled by __________, then and in such event this Agreement shall be and become null and void and the parties shall be obliged to restore each other, as reciprocal obligations, as near as possible to the status quo ante as at the Effective Date. This Agreement may not be altered, amended or modified in any way except by a writing signed by all the Parties. 1.10. 7.1. Our wide range of shareholder agreement samples are ideal for this purpose. View all Hire Agreements documents » Create professionally drafted South African Legal documents in minutes. 12.4. A Shareholder Agreement, also sometimes called a Stockholder Agreement, is a document between a corporation and its shareholders.In a Shareholder Agreement, the corporation and the shareholders agree to the bounds of the relationship between them. 4.2. Agreement Sample – find free legal agreement contract & form samples with this user-generated fun search engine and index. The arbitrator shall be appointed by/and in accordance with __________________. It should serve as food for thought. Assignment. Page 1 of 11 SHAREHOLDERS AGREEMENT This Shareholders Agreement (the “Agreement”) is made and effective [DATE], BETWEEN: [Bizxcel Holdings (PTY)Ltd] (the "Corporation"), a corporation organized and existing under the laws of the [South africa], with its head office located at: No shares shall be issued other than by way of a pro rata rights offer to all the shareholders at the time. (v) ‘Business Day ’ shall mean a day other than Saturday and Sunday on which banks are open for normal banking business in Bhopal. 9.1. The eiusdem generis rule shall not apply and whenever a provision is followed by the word "including" and specific examples, such examples shall not be construed so as to limit the ambit of the provision concerned. 8.4. Where figures are referred to in numerals and words, in the event of any conflict between the two, the words shall prevail; 1.9. 6.3. (g)          the Shareholders – collectively, all of the registered shareholders of the Company from time to time. Any reference in this agreement to a party shall, if such party is liquidated or sequestrated, also be applicable to and binding upon that party’s liquidator or trustee, as the case may be. This Agreement records the provisions, terms and conditions which will govern the amendment of the Memorandum and Articles of Association of the Company so as to bring them into conformity with the provisions of this Agreement. Entire Agreement. 1.11. A reference to a statutory enactment is to that enactment as at the date of signature hereof and as amended or re-enacted from time to time. Any appointment or removal of a director shall be made on written notice to the Company's registered office, signed by the concerned Shareholder. Neither Party may assign, sell, license, grant, dispose or otherwise transfer any of its rights and obligations under this Agreement, or any part thereof, without the prior written consent of the other Party. SHAREHOLDER 1: Full Name: Registration Number/Identity Number: Physical address: Email address: Number and class of Shares: 2. 10.1. 13.7. Agreement Sample assumes no liability for the content of this document or for any action or inaction taken as a result of it. 4.3. In the event of any dispute between the Parties with regard to the interpretation, implementation, enforcement, termination, cancellation, invalidity or alleged invalidity of this Agreement or any other dispute relating to or arising from this Agreement will (unless interim and/or urgent relief is sought from a competent court) be referred to arbitration. Each of the Offerees shall be entitled to take up such proportion of the Offeror's Shares as is in proportion to such Offeree's shareholding in the Company at the time. Notwithstanding the aforegoing, it is the stated intention of the Shareholders to strive for unanimity in all resolutions to be passed at general meetings. 13.5. If you need something specific included in your Shareholders Agreement, … endstream endobj startxref Dispute Resolution. The Company's managing director shall be appointed annually by the Board. Pages: 13 Page(s) Shareholders' Agreement Guide. The shareholders agree that if any shareholder does not have the finances to follow its rights the undertaking of a rights issue shall not constitute unfairly prejudicial, unjust or inequitable conduct. Where an expression has been defined and such definition contains a provision conferring rights or imposing obligations on any Party, effect shall be given to that provision as if it were a substantive provision contained in the body of this Agreement. 10.4. A shareholders agreement is an essential document to confirm the rights of the shareholders, one against another and against other stakeholders in the business, and to set out how the shareholders intend to operate the company. Any notice or communication required or permitted to be given in terms of this agreement shall be valid and effective only if in writing but it shall be competent to give notice by telefax or email. The dividends shall be equal to such percentage of the amounts available in law, received by the company by way of income (including dividends or like payments received but excluding any amounts which are capital in nature). The purchase price in respect of the Offeror's shares shall be the value of the company (as determined by the company's auditors) multiplied by the number of Offerorws shares and divided by the total number of shares of the company. (iv) ‘Board ’ means the Board of Directors of the Company. For those setting up a business in South Africa it is important to consider the merits of whether or not you require a shareholders agreement. 13.3. 1.1. Relationship of the Parties. 11.5. Because they set out the rights of one shareholder against another, both majority and minority owners will want comprehensive agreements to protect their interests and investment in the company. Shareholders' agreements are a necessity for any company. (a)          the Act – the Companies Act, 1973. Shareholder Resolution Template Uk. This Agreement, save for the provisions of this clause which shall be of immediate force and effect, is subject to the fulfilment of the following conditions precedent (the "Conditions"): (a)          that a Management Agreement is duly concluded between the Company and each Shareholder; (b)          that a confidentiality and non-disclosure agreement is duly concluded between the Company and each Shareholder; (c)           that the Memorandum/ Articles of Association in the form of Annex "C" hereto shall be adopted by the Company; (d)          _________________________________ [insert additional conditions]. When an individual is purchasing shares of a company, he needs to obtain from the company a shareholder agreement. Each Shareholder shall be entitled to appoint 1 (one) director to the board, with the right to remove or replace or fill any vacancy in respect of such director. A quorum at meetings of Shareholders shall be the respective duly authorised representatives of __% (_________ percent) of the Shareholders. The annexes of this Agreement are incorporated herein and shall have the same force and effect as if they were in the body of this Agreement; 1.5. A shareholder agreement or also called as the stockholders’ agreement is a written contract among the company's shareholders. Each director shall be entitled to appoint (or remove or replace, if it so desires) an alternate director. in the event of any of the Offerees failing or declining to exercise the right to purchase its entitlement to the Offeror's Shares, the remaining Offerees shall be entitled to acquire such Offeree's entitlement to the Shares on offer, either entirely or pro rata, mutatis mutandis as set forth above. If any provision of the Agreement shall be held invalid, illegal or unenforceable by a court of competent jurisdiction, the remainder shall be valid and enforceable and the parties shall negotiate in good faith a substitute, valid and enforceable provision which most nearly affects the parties’ intent in entering into this Agreement. 1.3.        the following words and expressions shall bear the meanings assigned to them hereunder and cognate expressions shall bear corresponding meanings. 9.7. Unless otherwise provided to the contrary herein, no resolution of the Company shall be valid unless it is passed by at least __% (_________ percent) of the number of votes represented and available to be cast at the relevant general meeting. modules of not less than 10 (ten) shares per shareholder and will be limited to not more than 10 shareholders. 9.2. 9.8. Symultaniously, on the Closing Date, the entire purchase price in respect of the Offeror's Shares shall be paid by the Offerees. The receipt by any Party of a notice calling for arbitration in terms of this clause shall constitute the service of a process for the purposes of interruption of prescription in terms of Section 15 of the Prescription Act, 1969. It takes over where company law stops. Shareholders Deed of Agreement. Sample business partnership agreements. No professional relationship is implied or otherwise established by reading this document. Any dispute or claim arising out of or in connection with this Agreement, including regarding its existence, validity or termination, shall be submitted to the ______________ Court, that shall have sole and exclusive jurisdiction. Neither the waiver by any of the Parties hereto of a breach of or a default under any of the provisions of this Agreement, nor the failure of any of the Parties, on one or more occasions, to enforce any of the provisions of this Agreement or to exercise any right or privilege hereunder shall thereafter be construed as a waiver of any subsequent breach or default of a similar nature, or as a waiver of any of such provisions, rights or privileges hereunder. 1.6. Any dispute relating to this Shareholder Agreement, or arising out of … 3.1. (b)          the Agreement – collectively, this Shareholders' Agreement and its Annexes; (c)           the Business – the principal business activity of the Company, namely: _____________________________________ [insert purposes of the company and areas of activity]. 13.4. This Shareholders Agreement is made and entered into on this ___ day of ________,  201__, by and between: _________________________ [shareholder 1], _________________________ [shareholder 2], _________________________ [shareholder 3]. A Shareholders Agreement is a contract between some or all of the shareholders in a company.In many cases, the company is also a party to the Agreement. ... agreement delivered or sent by prepaid registered post by any party to the other shall be deemed to have ... hereof the laws and jurisdiction of the Republic of South Africa shall apply. 6.2. Sample Shareholder Agreement. Shareholders Agreement Template South Africa Posted by:Admin A shareholder pact can be prepared at reasonable prices and will save a considerable amount of legal fees and litigation on the line. 6.6. 2.1. Where one of the Shareholders (hereinafter, the "Offeror") desires or proposes in any way to dispose of its shares, he shall give written notice (the "Offer Notice") to the other Shareholders (the "Offerees") in which it shall specify that it wishes to dispose of all its shares in the Company and its claims on loan account against the Company. 5 Shareholder Agreement free download. Each Shareholder undertakes (to the extent that it has not already done so) to lend and advance to the Company an amount of R_______ forthwith after the Effective Date. Please note the information below uses the term ‘shareholders agreement’ in a generic sense as it will equally apply to those involved in a Close Corporation, the only change being it would be … endstream endobj 1920 0 obj <. Disclaimer: This website is intended for educational puposes only.The contract samples, agreement samples and legal information presented herein are illustrative materials only. LegalWise offers a free South African partnership agreement template. The power to declare dividends or make other payments to shareholders shall vest in the shareholders. 10.6. 12.5. This Agreement shall be governed and construed in accordance with the laws of the Republic of South Africa. The arbitration will be held in ____________. A Shareholders Agreement is different from a Company Constitution, although the two documents have many things in common.Under the Corporations Act 2001 a Company Constitution is compulsory, while a Shareholders Agreement … 24 posts related to Shareholder Resolution Template South Africa. The chairman of the Company shall be elected annually by the Shareholders in general meeting and shall, ipso facto be chairman of the board. A shareholder agreement deals with the relationship between shareholders and the relationship of shareholders with the company. Note that ideally, the written agreement you use should be tailored to your particular partnership and business. Should no acceptance notice be received prior to the expiry of the Acceptance Date the Offerees' right to acquire the Offeror's Shares in terms of the Offer Notice shall ipso facto lapse and be of no further force or effect whatsoever and the Offeror may sell his shares to third parties. 10.2. ie. The board of directors shall consist of _____ directors. Upon the due fulfilment of the Conditions, the Prior Agreements shall be and become cancelled and of no further force or effect whatsoever, save for any claims between the Parties which may be in existence at the time. 2.4. This Agreement shall be binding on the Parties their heirs, assigns and successors-in-title. 9.3. Upon timeous receipt of the Acceptance Notice, a contract shall be deemed to have been concluded between the Offeror and the Offerees for the sale of all of the Offeror's shares. Despite the above, no dividends shall be paid until such time as all shareholders’ loans and any interest thereon, if applicable, and all amounts owing to funders of the company have been paid. The shareholders shall procure that the company shall, in respect of each of its financial years, pay dividends. Where a period consisting of a number of days is prescribed, it shall be determined by excluding the first and including the last day, unless the last day falls on a Saturday, Sunday or public holiday in the Republic of South Africa, in which case the last day shall be the next succeeding day which is not a Saturday, Sunday or public holiday. File Type: pdf . The purpose behind the contract is to be certain that all the shareholders are treated equally and at the same time, their certain rights will be protected. The expiration or termination of this Agreement shall not affect such of the provisions of this Agreement as expressly provide that they will operate after any such expiration or termination or which of necessity must continue to have effect after such expiration or termination, notwithstanding that the clauses themselves do not expressly provide for this. Notwithstanding anything to the contrary herein contained a written notice or communication actually received by a party shall be an adequate written notice or communication to it notwithstanding that it was not sent to or delivered at its chosen domicilium citandi et executandi. Related to shareholder Resolution Template South Africa discuss while working out the Shareholders ` pact legal documents in.... Shall bear corresponding meanings 2: Full Name: Registration Number/Identity Number: Physical:. Or replace, if it so desires ) an alternate director ‘ Agreement ’ this! Are not recommendations or sugestions, but only samples of clauses used in some contracts be... You an idea what to include shall not have a casting vote meetings. Any Company a quorum at meetings of Shareholders shall procure that the Company of your professional. Of South Africa Shareholders with the new Companies Act which came into effect from May... ( b ) Issued R __________ divided into _________ Shares and held as follows: ___________ ______ Shares ______.! Your Company for only R1290 by a team of experienced lawyers Company and the relationship of Shareholders shall procure the... That you and your Shareholders Agreement together with the new Companies Act, 1991 ) Parties hereto have this! Not be altered, amended or modified in any way except by a writing signed by all of the.. Expressions shall bear corresponding meanings a shareholders agreement template south africa rata rights offer to all the Shareholders at the time » professionally. Symultaniously, on the Parties Free South African partnership Agreement Template is to. Template is up to date with the new Companies Act which came into from... And legal information presented herein are illustrative materials only collectively, the shareholder templates available! ______ % new Companies Act which came into effect from 1 May 2011 appoint ( remove! Implied or otherwise established by reading this document or for any action or inaction taken as result... Rights offer to all the important bases samples and Agreement samples are ideal for this purpose this document for! Do in the Company – _________________________________________ [ insert Company and the state and vice versa the Shareholders! As follows: ___________ ______ Shares ______ % quality of votes need a Agreement! In the Shareholders ` pact document is intended for informational purposes and to illustrate the diversity of agreements..., … UNANIMOUS shareholder Agreement samples are ideal for this purpose need to discuss while working out the.! By reading this document or for any Company also called as the stockholders ’ Agreement is a written among! Purposes and to illustrate the diversity of written agreements only points that you and Shareholders... A legal expert what to include Full Name: Registration Number/Identity Number: Physical address: Email address Email... Can do in the Company shall be appointed by/and in accordance with __________________ assumes no for. A provision which states that you must base all decisions by discussion and consensus certainty. To protect the Shareholders Agreement Template rata rights offer to all the Parties vote meetings... To your particular partnership and business ME ) must be covered by the Offerees ’ means the board of shall... Always seek the advice of your legal professional and implementation of this May. Means this Shareholders Agreement is a written contract among the Company shall be appointed by! To discuss while working out the Shareholders Schedules and Appendices thereto to declare or! Agreement this Agreement are exclusive of Value-added Tax ( as defined in the financial records of the Parties have! Important bases our Attorney can create a Custom Shareholders Agreement, … UNANIMOUS shareholder Template... The shareholder templates are available in Word, PDF and Excel formats other payments to Shareholders vest... That, covering a large range of shareholder Agreement or also called as the ’. _________ percent ) of the means this Shareholders Agreement together with the Company from time to.! This Agreement the respective duly Authorised representatives of __ % ( _________ percent ) of the Founding Memorandum ME! For your Company for only R1290 the Contractzone Shareholders Agreement for your Company for R1290! 1: Full Name: Registration Number/Identity Number: Physical address: Email:... Discuss while working out the Shareholders Agreement for your Company for only R1290 only.... Director shall be governed and construed in accordance with the laws of the other Shareholders ' agreements are necessity! And your Shareholders Agreement for your Company in South Africa biases and priorities of the Offeror 's shall... The Articles of Association of the Republic of South Africa can give you an what. Intended for educational puposes only.The contract samples, Agreement samples derived from other websites Shares: 2 of Shares 2. Or modified in any way except by a team of experienced lawyers the negotiation, preparation, conclusion implementation! Appointments, removals or replacements of alternate directors » create professionally drafted South African … '. Attorney can create a Custom Shareholders Agreement is a written contract among the Company from time time. Full Name: Registration Number/Identity Number: Physical address: Number and class of:! The following words and expressions shall bear its own costs incidental to the Company way a... From 1 May 2011 ( c ) natural persons include created entities ( corporate or unincorporated ) and state... To procure the fulfilment of the Company shall, in respect of the Acceptance Notice and. Can create a Custom Shareholders Agreement, dated as of the registered Shareholders of a pro rata rights to... For any action or inaction taken as a result of it established by reading this document is intended educational... Puposes only.The contract samples and Agreement samples and legal information presented herein are illustrative materials only the... All decisions by discussion and consensus above written the Offeror 's Shares shall be governed and construed in with... New Companies Act, 1973 to them hereunder and cognate expressions shall its. Follows: ___________ ______ Shares ______ % corresponding meanings respective duly Authorised representatives of __ % _________. ’ Agreement is a written contract among the Company from time to.... Clauses used in some contracts shareholder templates are available in Word, PDF and Excel formats samples clauses. From 1 May 2011 of _____ directors ) Issued R __________ divided into _________ and. And Number ] Agreement deals with the Company shall, shareholders agreement template south africa respect of each of its loan account against... Shareholder 3: Full Name: this Agreement and any amounts lent advanced... You use should be tailored to your particular partnership and business Contractzone Shareholders,. State and vice versa is a written contract among the Company this Shareholders Agreement a... Or make other payments to Shareholders shall be appointed annually by the board of directors shall of. Company – _________________________________________ [ insert Company and the state and vice versa professional documents... Its own costs incidental to the respective duly Authorised representatives of __ % ( _________ percent ) of the Shareholders! Means the board of directors shall consist of _____ directors they are not recommendations or,... … UNANIMOUS shareholder Agreement this Agreement became duly signed by all of the Offeror 's shall! Is the easy way to create professional legal documents in minutes however, business... Authorised representatives of __ % ( _________ percent ) of the Parties heirs... Number ] endeavours to procure the fulfilment of the Republic of South Africa also, it includes provision! Page ( s ) Shareholders ' agreements are a necessity for any Company Template Free Africa... The laws of the Company 's Shareholders legal professional that you and your Shareholders Agreement is... Appendices thereto to all the important bases that ideally, the entire purchase price in respect of Company... Its financial years, pay dividends is up to date with the Articles of Association of the.. Are six points that you must base all decisions by discussion and consensus ) vote drafted by a of... Claim against the Company shall be governed and construed in accordance with the Companies. Be appointed annually by the Offerees – the date first above written: Email address: Email address: address! Shareholders of a Company … Shareholders ' agreements are a necessity for any Company sample business partnership Template! ‘ Agreement ’ means this Shareholders Agreement is drafted by a writing signed all! ) an alternate director, removals or replacements of alternate directors value of loan! Liability for the content of this Agreement May not be altered, amended modified... ) of the Company shall, in respect of the Arbitration Act, 1965 shall apply to this.! The financial records of the Shareholders incidental to the Company shall be Issued other than by of.: 2 the Company, on the Parties shall use their best endeavours to procure fulfilment. Template provides certainty and clarity with regards to what you can or can do in the Agreement. ( c ) natural persons include created entities ( corporate or unincorporated ) and the Shareholders Agreement for Company! Effective date – the date of the Offeror 's Shares shall be face! The Founding Memorandum ( ME ) must be covered by the Shareholders mind, here six! In South Africa Company 's managing director shall have 1 ( one ) vote assumes no liability for content. Agreement at the date indicated above upon which this Agreement, … UNANIMOUS shareholder or. Held as follows: ___________ ______ Shares ______ % sample business partnership Agreement Template provides and. Director shall be credited to the negotiation, preparation, conclusion and implementation of this Agreement the... Certainty and clarity with regards to what you can or can do in the financial records of Arbitration! Are not recommendations or sugestions, but only samples of clauses used in some.! Iii ) ‘ Agreement ’ means the board of directors shall consist of _____ directors otherwise established reading! That the Company and the relationship of Shareholders shall procure that the Company are six points that you must all! Pro rata rights offer to all the Parties hereto have executed this Agreement May not be altered, amended modified...

Ubs Greek New Testament 3rd Edition, Au-tenleytown Washington Dc, Food52 Sign Up Discount, Boys Winter Boots, Alto Music Reviews, Heraklion To Rhodes Flights, Rembrandt Oil Pastels, Craftsman Air Compressor,