Hi,
Can someone pls send me the board resolution giving authority to director on behalf of the company for doing the following :
1. PURCHASE OF EQUITY SHARES OF A PRIVATE COMPANY BY ANOTHER PRIVATE COMPANY IN CASE OF ALLOTMENT BY FIRST COMPANY
2. SALE OF EQUITY SHARE BY ONE COMPANY TO AMOTHER COMPANY
3. PURCHASE OF EQUITY SHARES OF A PRIVATE COMPANY FROM ONE OF THE SHAREHOLDER OF ANOTHER COMPANY. (I.E. THE CASE OF TRANSFER OF SHARES)
Thanking you in advance.
With Regards
Neha Jain
nehajaincs@gmail.com
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Hi
i have a question.
A Company was in dire need of further capital. The majority representing 98% of the shares were willing to provide the capital if they could buy-up the 2% minority shares. The majority passed a resolution altering the articles and enabling them to purchase the minority shares. The minority shareholders refused to surrender their shares and challenged the validity of the majority resolution.
what section needs to be seen for the above? and can the minority do anything abt it?
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
BOARD RESOLUTION FOR SALE AND PURCHSAE OF SHARES