complusury acquisition of shares.
This query is : Resolved
Rohit Mishra
(Querist)
26 December 2007
is there any way by which a company can acquish(take) the shares from its sharesholders without the shareholders wish ? the applicable section and the treatment regarding this is bonafide act in the view of law and as well as companies shareholders ?
S.Srinivasaraghavan
(Expert)
27 December 2007
It is not possible to take away one's property without the owner's wish, unless it is a pledged property (as security for finance)by the owner and the pledgee takes it over in accordance with law when the borrower fails to repay the debt.
Rohit Mishra
(Querist)
27 November 2008
no this can be done.
Taranjit Singh
(Expert)
03 April 2009
Please send me a Pm if you still have any doubt regarding this query.
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