Immigrationboards.com

First of all I am very thankful for this website and the users for providing useful information regarding immigration matters.

I am due for my ILR in September, but I have come across a slight problem. I have been working for the same company for last 5 years. My company has three share holders (A,B & C). A is 45% share holder, B is 45% share holder & C is 10% share holder. Share holder C is selling his 10% share to owners A & B. Share holders A and B will be 50/50% share holders from September. Please note share holders A & B live in France.

Share holder C is also a director of the company. A new director will be taking over in September but he is not a share holder.

My questions are as follows:

1. Change of director (Not a share holder): Notify through SMS, get him Authorising and Level 1 user.
2. Change of shareholder: Notify UKVI is enough or does the company needs to apply new sponsor licence ?

I think as there is no significance change in shares it will not matter, but I want expert advise. Secondly if the company needs to apply for new license, how long it will take them to get a new license.

I will be really grateful if someone can get back to me on urgent basis, as I will be submitting my ILR application next month.

Multiple usernames are strictly not permitted on the forum!!

https://www.immigrationboards.com/member/mirzatkhalid/

https://www.immigrationboards.com/member/Ali2008/

https://www.immigrationboards.com/annou ... 11811.html

Administrator wrote: ↑

Fri Dec 01, 2006 2:46 pm

.

This is forbidden activity.

You may have one member ID here and only one. We make exceptions only under specific cases, and only when we can monitor all such activity.

Members activating and/or posting from multiple ID's (without specific, written previous arrangements) will be banned from the forum.

The Admin

I am sorry if I had to email from a different email address. Unfortunately I cannot access to my mirzatkhalid account. I am more than happy to log in from other account, but I cannot reset the password.

I will be really helpful, if someone can get back to me on changes in share holders.

Tamoor wrote: ↑

Tue Aug 11, 2020 5:43 pm

I will be really helpful, if someone can get back to me on changes in share holders.

Your sponsor needs to comply with their duties as per the UKVI guide: https://assets.publishing.service.gov.u ... 0_v1.0.pdf

Change in shares should not affect the license (unlike change in total ownership). I suggest to let your sponsor deal with its duties/compliance

Many thanks for your reply.