Acquisition of 100% shares of public ltd. unlisted co.
This query is : Resolved
25 January 2013
Dear Friends,
I had a following query-
A Ltd. (public unlisted co ) wishes to acquire 100% shares of B Ltd. (unlisted co.).
Kindly confirm that -
1- whether A Ltd. can acquire 100% shares of B Ltd. or there have to be min. 7 members of B Ltd.?
2- whether the main objects of B Ltd. (proposed 100% subsidiary of A Ltd.) have to be commensurate with the objects of A Ltd.?
3- whether the said acquisition can take place by just transfer of shares by individual shareholders of B Ltd. in favour of A Ltd. and no other formalities required?
I had a following query-
A Ltd. (public unlisted co ) wishes to acquire 100% shares of B Ltd. (unlisted co.).
Kindly confirm that -
1- whether A Ltd. can acquire 100% shares of B Ltd. or there have to be min. 7 members of B Ltd.?
2- whether the main objects of B Ltd. (proposed 100% subsidiary of A Ltd.) have to be commensurate with the objects of A Ltd.?
3- whether the said acquisition can take place by just transfer of shares by individual shareholders of B Ltd. in favour of A Ltd. and no other formalities required?
25 January 2013
1- it MAY BE A MERGER OR ACQUISITION DEPENDS
2 - yes
3- this is also possible.in this case no formalities required on co. side.
2 - yes
3- this is also possible.in this case no formalities required on co. side.
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