Author : Anonymous
( Author )
26 June 2012
my question is that :
A company want to issue share to 1000 share holder with the intent to buy back the same share after 3 year, so that there equity will not dilute, here company want to appoint trustee who hold share on behalf of all the shareholder as a trustee, so that in the share holder register only name of the shareholder trustee will appear and on the time of buy back company can buy back all the share from the shareholder trustee.
is this possible that at the time of issue of share, restriction of compulsory buy back can be impose as per Company Act.
or one person can hold share on behalf off all the shareholder, and only his name shown in the shareholder registered.