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Buy Back of Shares
Can a shareholder or shareholders refuse to surrender his or their share(s) when the Company wants to buy back its shares?
Replies (4)
Quick Summary
If there is restriction in Articles of association in case of private Limited Company by puting the rider that special resolution needs to be passed in the general meeting of shareholders as prior approval of shareholder is required before buy back of shares, Company may buy back only after the prior approval of shareholders.
If there is no restriction then a shareholder can refuse or not?
One more source, company can buy back through stock exchanges also
Yes of he finds that company is in strong position he may refuse to sale his share in buy back it's totally upto the wish of shareholder.
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