Takeover
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 October 2013
Can a company (pvt or pub) takeover a section 25 company? is it legally allowed?
If yes can the loss of section 25 company be set off in the takenover company?
If yes can the loss of section 25 company be set off in the takenover company?
10 October 2013
Yes. shares can be transferred. But it should not result in changes which may result in revocation of the license.
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