Business & Commercial Law FAQ - Money was subscribed to a company on the basis that I would be a shareholder?
Date: March 03, 2011
Q. Money was subscribed to a company on the basis that I would be a shareholder. Yet a check with ASIC indicates that this has not occurred?
A. Basically you will need to prove intention at the time the money was directed to the company and the best way to do this is if there is something in writing which supports this contention. Alternatively if this cannot be done your status will either be that of investor or lender.
