Questions and answers about Corporate Law
What happens if my company misses the audited accounts filing deadline? 1 answer
1 answerOur company in Malta is a bit behind on preparing audited financial statements for the last financial year, mostly due to delays on the accountant’s side. I’m worried about what penalties we might be facing and whether this could escalate into something more serious for the company or for me as a director.
What’s the difference between a voluntary winding up and being struck off? 1 answer
1 answerMy company in Malta has finished its purpose and I want to close it down properly rather than just letting it go dormant and risk penalties. I’ve seen references to both ‘winding up’ and being ‘struck off’ and I’m not sure which applies to my situation or what the actual difference is.
Can two directors sign an important contract without a board resolution? 1 answer
1 answerOur company in Malta has three directors, and two of them recently signed a significant supply agreement on the company’s behalf without holding any formal board meeting or passing a resolution. The third director, who wasn’t consulted, is now questioning whether the contract is even valid. What does Maltese company law say about this?
I’m a director and minority shareholder of a company in Malta, and the other shareholders, who together hold a majority, are now threatening to remove me from my director position after a disagreement over business strategy. Can they actually do this without my agreement?
I’m a director of a small limited company in Malta that has been struggling financially and is now behind on payments to a supplier. The supplier is threatening to come after me personally rather than just the company. I thought the whole point of a limited company was that my personal assets were protected. Is that not always true?
A private investor wants to put money into my company in Malta in exchange for a 20 percent equity stake through newly issued shares, rather than buying existing shares from me directly. What is the correct legal process to issue new shares properly so this is valid and reflected correctly on the register?
My Maltese company entered into a supply contract with a business based in another EU country, and the contract itself is silent on which country’s courts would handle disputes. They are now threatening to sue us in their home country instead of Malta. Can they actually do that?
My co-director resigned but is still listed on the public company register 1 answer
1 answerA fellow director of our company in Malta formally resigned in writing over a month ago, but when I checked the public register recently, his name is still listed as an active director. Does this create any legal risk, and whose responsibility is it to fix this?
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