
Questions and answers about Corporate Law
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?
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?
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.
Do I have to disclose who owns my company on the beneficial ownership register? 1 answer
1 answerI’m setting up a private company in Malta and I’ve heard I need to register something called beneficial ownership information. I’d prefer to keep my ownership relatively private if possible. What exactly has to be disclosed and to whom?
I want to start a small business in Malta helping foreign entrepreneurs set up local companies, essentially preparing documents and liaising with the registry on their behalf. Someone mentioned I might need a licence for this. Is that actually the case, or is this just general business consultancy?
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?
Do I need to file an annual return even if my company had no activity? 1 answer
1 answerI registered a company in Malta two years ago but it has been completely dormant, no income, no expenses, nothing. I assumed I didn’t need to file anything since there was nothing to report. I recently got a letter mentioning penalties. Was I supposed to file something anyway?
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?
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