Questions and answers about Corporate Law
Minority shareholder demands to see our financial records. Must I comply? 1 answer
1 answerI’m the majority shareholder and managing director of a company in Malta. A minority shareholder who owns about 15 percent and has never been involved in running the business is now demanding to inspect detailed financial records and correspondence. I feel like this is just an attempt to interfere. Am I obligated to give this access?
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.
I’ve just been appointed company secretary of a small private company in Malta, mostly as a formality since I’m also a shareholder. I don’t have a clear picture of what this role actually legally requires of me day to day, beyond just being a named position on paper.
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.
Is a verbal agreement between business partners in Malta legally binding? 1 answer
1 answerMy business partner and I agreed verbally, before we even registered the company, on how profits would be split and who would handle which responsibilities. We never put it in writing. Now that the company has grown, he’s disputing what we originally agreed. Does a verbal agreement like this actually count for anything?
Shareholder is blocking every decision even though he owns a minority stake 1 answer
1 answerMy business partner and I set up a company together in Malta where I hold 70 percent of the shares and he holds 30 percent, but under the articles of association certain decisions need unanimous shareholder approval. He is now refusing to approve anything, including basic operational matters, seemingly out of spite after a personal disagreement. Can I do anything 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 want to set up a private limited company in Malta for a small consulting business, just myself as the sole shareholder and director. I’ve heard registration can be quick but I keep getting conflicting timelines from different sources online. What is the realistic process and timeframe through the official registry?
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