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FAQs

I am a minority shareholder. What steps can I take against the majority shareholder, who I suspect of misappropriating company funds, and refuses to provide me with the company records that a minority shareholder is entitled to at law?

While a number of remedies may be available, one course of action would be for the minority shareholder to apply to the courts for various relief, such as the production of accounting records or requiring the rogue shareholder/director to relinquish control of the company records and/or bank accounts. Where appropriate, the minority shareholder might seek the appointment of a “manager” to operate the company and ensure that there is no financial misappropriation.

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Telephone: 905.451.3040 Fax: 905.451.5058 Email: lls@lawrences.com

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