LegalIndiaStandard Verified Compliance Template

Free Shareholder Agreement Template

Free Shareholder Agreement template for India. Govern shareholder rights, obligations, and dispute resolution. Pro-grade boilerplate vetted by certified domain experts. Use it as a raw document, or automate it in Glomiq to eliminate manual copy-pasting.

Verified Compliance Document

Vetted by: Ashay Shah

GLOMIQ DRAFT

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SHAREHOLDER AGREEMENT

This Shareholder Agreement ("Agreement") is entered into on [DATE] by and between:

1. [SHAREHOLDER_1_NAME], holding [SHARES_1] equity shares (representing [PERCENTAGE_1]%), residing at [ADDRESS_1]; and

2. [SHAREHOLDER_2_NAME], holding [SHARES_2] equity shares (representing [PERCENTAGE_2]%), residing at [ADDRESS_2];

(collectively referred to as the "Shareholders").

WHEREAS the Shareholders are holders of equity shares in [COMPANY_NAME], a company incorporated under the Companies Act, 2013; and

WHEREAS the Shareholders desire to regulate their conduct, mutual relations, and the management of the Company.

NOW, THEREFORE, the parties agree as follows:

1. Share Ownership. The shareholding pattern of the Company shall be as follows:

[SHAREHOLDER_1_NAME]: [PERCENTAGE_1]%

[SHAREHOLDER_2_NAME]: [PERCENTAGE_2]%

2. Board Representation. Each Shareholder shall have the right to nominate [NUMBER_OF_DIRECTORS] director(s) to the Board of Directors.

3. Transfer of Shares. No Shareholder shall transfer their shares to any third party without the prior written consent of the other Shareholders. The transferring Shareholder must first offer shares to existing Shareholders at fair market value.

4. Right of First Refusal. If any Shareholder wishes to sell their shares, they must offer them to the other Shareholders at the same price before offering to external parties.

5. Drag-Along Rights. If the majority Shareholder wishes to sell the Company, they may compel minority Shareholders to sell their shares at the same price and terms.

6. Tag-Along Rights. If the majority Shareholder sells their shares, the minority Shareholders have the right to participate in the sale at the same price and terms.

7. Deadlock Resolution. In the event of a deadlock on major decisions, [MECHANISM: voting, arbitration, third-party decision].

8. Dividend Policy. Dividends shall be declared and paid as determined by the Board, subject to compliance with the Companies Act, 2013.

9. Anti-Dilution. In case of future equity raises, existing Shareholders shall have pre-emptive rights proportional to their current shareholding.

[SHAREHOLDER_1_NAME]

Signature: ______________________

[SHAREHOLDER_2_NAME]

Signature: ______________________

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Expert Drafting Guide & Clause Commentary

Compiled by Ashay Shah. Critical checkpoints before finalizing this document.

1Standard Terms and Definitions▼

Clause Context:

Defines the main terms used throughout the document.

Negotiating Tip:

Ensure definitions are consistently used across all sections to avoid conflicting interpretations.

2Governing Law and Jurisdiction▼

Clause Context:

Determines which courts will settle disputes.

Negotiating Tip:

Set the governing law to your local jurisdiction to minimize travel and legal overhead in the event of a dispute.

Compliance Watchouts

Review all placeholders carefully before signing.
Consult a professional advisor if editing core clauses.

Ashay Shah (Founder, Glomiq)

Ashay is the founder of Glomiq. He is passionate about reducing administrative overhead for Indian professionals. Prior to Glomiq, Ashay spent 6 years leading engineering and product teams building automated document infrastructure and SaaS systems.

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