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complusury acquisition of shares.

This query is : Resolved 
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(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 ?
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S.Srinivasaraghavan

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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.
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Rohit Mishra

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Rohit Mishra (Querist)
27 November 2008 no this can be done.
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Taranjit Singh

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Taranjit Singh (Expert)
03 April 2009 Please send me a Pm if you still have any doubt regarding this query.
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