Acquisition of 100 percent shares of private company
This query is : Resolved
Nandini Sarraf
(Querist)
08 April 2020
A listed company wants to acquire 100 percent shares of a private company thus making it a wholly owned subsidiary. What is procedure involved in filling forms with Roc and is any AGM/EGM is required in acquirer as well as acquiree company.
CA SANKET GARG
(Expert)
08 April 2020
It has to buy the shares by passing Board Resolution, filing form PAS-3 and issuing shares certificate SH-4
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