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eduardolm
eduardolm, Licenciatura
Categoría: Legal
Clientes satisfechos: 1959
Experiencia:  Licenciado en Derecho por la UDC.Diploma en Escuela de Práctica Jurídica por A Coruña.
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I have 34% shares in a spanish S.L company... having lots of

Pregunta del cliente:

I have 34% shares in a spanish S.L company... having lots of problems with the major shareholder..... long story....

Can i request to liquidate the company?

what if the major shareholder doesnt want to ? the company has properties...

I have not approved the company accounts for over 5 years...long story

can the major shareholder take me out of the company?

if this is so what legal action can i take?

how can i find out if i still have shares in the company?
Enviada: hace 4 año.
Categoría: Legal
Experto:  eduardolm escribió hace 4 año.

In relation to your question, dear customer, I answer:

First, you can not request the liquidation of the company because you do not have a majority stake.

However, there is a cause which would have legislation to liquidate this company. If there is one of these circumstances, you can apply for settlement:

The capital company shall be dissolved:

a) By the termination of the exercise of the activity or activities that constitute the corporate purpose. In particular, it is understood that the termination occurred after a period of inactivity exceeding one year.
b) At the conclusion of the company that is its subject.
c) the manifest impossibility of achieving social order.
d) the suspension of the corporate bodies so that their operation impossible.
e) For losses that reduce the equity to an amount less than half of the share capital, unless it is increased or reduced to a sufficient extent, and provided it is not appropriate to request the declaration of bankruptcy.
f) reduce capital below the legal minimum, which is not the result of compliance with a law.
g) For the nominal value of the shares without voting or non-voting shares exceeds half of the share capital and the share is not restored within two years.
h) any other reason stated in the Bylaws.


If society is not involved in a case of liquidation, you can not file for liquidation. Should proceed with the sale of its shares.

For whatever action is in force, should be directed to the Registry, and request such information.

The majority shareholder has no right to remove him from society. For this, you should not worry. However, if you are unhappy in society, the way that you have two. Summarizing, 1st. investigate whether there is a cause of dissolution, 2nd Study the sale of the shares.

Excuse my English incorrect.

Best regards,
Cliente: escribió hace 4 año.

HI, but i have god reason to believe i have been removed from the SL, if this is so , what legal action can i take?


also the major shareholder does not want to liquidate the company.


I have not approved any accounts for over 5 years isnt this fraud?


as i thought i had to sign for that?

Experto:  eduardolm escribió hace 4 año.
Hello again,

In relation to your question.


but i have reason to believe god i have been removed from the SL, if this is so, what can i take legal action?

If you are cast out of society, you must sue in Spanish courts to be returned to your Membership and actions. Face need to hire a lawyer.


Also the major shareholder does not want to liquidate the company.
I have not approved any accounts for over 5 years is not this fraud?

The response is similar to the above. If the company is in liquidation because (it can be argued that there is a cause of liquidation because the company has failed to fulfill their obligations to file accounts in the registry) If the majority shareholder does not want to liquidate the company and settlement cause exists, we must sue a commercial court.

Ask me any questions you have.

Eduardo,
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