My employer a Ltd Co. has negative retained earnings and needs assistance with 2 points below;-
1. Shareholder A has retired and and now wants to sell his shares for £5000 (£1 per share x 5000) by either selling them back to the company or to another person. However, as the company has Negative retained earnings what is the best options available to enable Shareholder A to get his money?
2. Shareholder B deceased and the company is wanting to buy back those shares from the estate (i.e. Share buy back) via the Capital Redemption Reserve and Bank Account! Can this still be done even though they have negative retained earnings?