i am running a pvt ltd company with 51 % share and i have one more director who is having 49% share.
the other director who is having 49 % share is 85 yrs old and want to retire. our company has business and land owned. now he is requesting me to give the land and asking me to take business and with portion of land for running the business. (land is in the name of company).
can somebody help me out in how to settle him out as i dont have enough money to buy his shares.
as it is urgent because he is not allowing me to do the day to day business activities and asking to settle him.
please help me out on how to go on