May I be a share holder to Y company, being an employee of X company???

nwint
By nwint

Dear All,

Please advice me..

I am working in a private company and I want to invest to another company (newly forming).

Is it legally possible to invest to another party to being under my present employer's sponsorship?

Thanks
Shan

By nwint• 12 Dec 2012 16:34
nwint

Thanks buddy...

In the event that my present employer does not give me NOC or release,is it possible to me to move immediately from my present employer to new company where I have invested?

I think I need a legal advice on this matter.

Rgds,

Shan

By stranger at home• 11 Dec 2012 21:49
Rating: 5/5
stranger at home

I am taking a business law class and as I have studied,

you will have no problem as long as you don't take chances from your employer to benefit the company you have shares in.

and as long as you are honest about it and still work for the best of your company "the one you work for" you will have no problem.

By nwint• 11 Dec 2012 17:07
nwint

Thanks buddies,

Let me make my question more clear...

Once I invest to another company to become a share holding partner, my name and ID no will be reflected on the company's CR & Computer card as well.

Here... Will I be facing any legal problems ? Does my present employer have the right to take any legal action against me?

Please kindly advice...

Shan

By kylie0505• 11 Dec 2012 13:57
Rating: 5/5
kylie0505

yes

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