Web7 Sep 2016 · If a listed company merges with an unlisted company under the Act, then unlisted will by default not become listed. The option is given to the transferee company to remain unlisted till it is listed or applies for listing, provided the shareholders of the merged listed company are given an exit opportunity. Web25 Oct 2024 · Therefore, under Section 235 it is made mandatory for the shareholders to notify the company regarding their intention of buying the remaining equity shares or by a group of persons holding 90% consent of the registered holder of the company.
Interpretation of ‘Section 235’ of Companies Act, 2013 - TaxGuru
A takeover refers to the acquisition of control over the management of the target company. In layman’s language, the company taking over … See more Section 235 of the Companies Act, 2013provides in the Indian context, a provision to acquire the shares of the dissenting … See more After analysing the provision, it can be said that Section 235 is indeed an exception to the rule that a member cannot be expelled. The court went on to unearth another question that was … See more Web235. (1) Subject to the provisions of this section, the following provision shall be void, namely, any provision: (a) purporting to exempt any officer of a company from; or. (b) … book stores in scarborough ontario
A Complete Analysis of Section 235 of the Companies Act, 2013
Web10 Apr 2024 · Companies Act 2013 has defined company as any entity which has come into existence under this act or any other company Act. The main types of company that has … WebThe purpose or effect of the arrangements must be to enable the persons taking part in them to participate in or receive profits or income arising from the acquisition, holding, management or disposal of the property or sums paid out of such profits or income. Web12 Apr 2024 · Explanation.—. For the purposes of this section,—. ( i) in a scheme involving a merger, where under the scheme the undertaking, property and liabilities of one or more … bookstores in san fernando trinidad