Aquire stake
This query is : Resolved
CA Vinay Agarwal
(Querist)
22 June 2009
how much shares should be acquire for control the another company and for stop the special & ordinary Resolution?
CS Vivek Hegde
(Expert)
23 June 2009
Mr. Vinay
Ordinary resolution requires 51% majority.
Speccial Resolution requires 75% majority.
So if u aquire 50% of shares u can stop ordinary resolution and if u aquire 26% u can stop special resolution
rgs
Vivek
Ordinary resolution requires 51% majority.
Speccial Resolution requires 75% majority.
So if u aquire 50% of shares u can stop ordinary resolution and if u aquire 26% u can stop special resolution
rgs
Vivek
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