Agreement

Sushil Kumar Sharma (Querist) 27 October 2012 This query is : Resolved
Dear All Experts,

A pvt ltd. com wants to enter in to an agreement with another person for participation in business. The company wants that
1. The another person will contribute Rs.5 Lac in the working capital of the Company and Rs. 25 Lac in the assests of the company in consideration he wants 50% shares in the net profits of the Company.

Please advice me that how the directors of the company can implement this.

Thanks in Advance

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R.K Nanda (Expert) 27 October 2012
take help of local lawyer.

Devajyoti Barman (Expert) 27 October 2012
Commercial query, engage an advocate.

Guest (Expert) 27 October 2012
You are an assistant to a company secretary and a company secretary is a legal person of a company. You may better take the help from your boss. Moreover, your company can well afford the cost of hiring a lawyer, ask your boss to hire services of some local lawyer to help you, if he does not provide you any legal guidance.

ajay sethi (Expert) 27 October 2012
sahrmaji

the company can afford legal fees . if we start replying to commercial queries then who will brief the lawyers ?

Rajeev Kumar (Expert) 27 October 2012
I agrree with our experts so hire a good lawyer.

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