Memorandum and Articles of Association

[Tony427]

If a Company interprets its Articles of Association in a manner which severely disadvantages some of its shareholders is it a civil matter or a criminal matter?

Whats happening re some shares my colleagues and I owne is so close to fraud that I think it must be a criminal matter. ( Forced sale of shareholding back the company at a nominal share value rather than a true value)

Should I go to the police and would they be interested?

Cheers,

Tony

[Tony427]

We've requested an external independent valuation, as is stated should happen in the memorandum/ articles, but company has refused and has instead sent us a cheque for 0.0004% of the true value of the shares!! Needless to say we wont be cashing the cheques.

Incidentally the Company Secretary who is also the Financial Director and Chartered Accountant has hugely misrepresented the value of the company ( in writing) in a bid to reduce the value of the shares he wants to purchase. Isn't this a bit naughty?

Cheers,

Tony