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articles of association
Semon Ltd a strategic investor was introduced in Raybon pvt ltd. to bring a new tech. or investment. Tge investor wishes to protect its interests in the company through articles of association. My qs is how can it be done?? plz reply nyone
Replies (12)
Your question is not so clear. Please re-write. If you are copying this question from somewhere please type it here as it is. Use comma, right words.
But I'm sure. I definitely give solution to your query
But I'm sure. I definitely give solution to your query
Semon Ltd., a strategic investor was introduced in Raybon Pvt.Ltd. to bring a new technology or investment. Such strategic investor wishes to protect its interests in the company. Advise how he can safeguard its interests through Articles of Association of the company.
You want to safeguard the interest of shareholders of Semon ltd or semon limited itself?
There is provision under section 5, regarding Entrenchment of Articles to protect the interest of shareholders or promotors of the company by incorporating strict procedures in AOA regarding some business transactions.
ok dat means entrenchment clause will onlybe applicable here?
Yeah. Refer sec 5 for that matter. As far as protection of interest of shareholders, it is one of the way as I knew.
yeah because it is more stricter than special resolution as per sec 5(3)
For private companies,
To entrench articles, it requires Consent of all shareholders (Unanimous resolution by SHs)
To entrench articles, it requires Consent of all shareholders (Unanimous resolution by SHs)
hmm i m correct den
I m correct den? I m nt getting ur ans
amend articles and add on entrechment clause.
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