section 236 of the companies act 2013 enables a shareholder holding 90% shares to acquire the shares of minority shareholders. if a company has only 2 members (mr. A holding 10% shares and Mr.B holding 10% shares.) whether by virtue of section 236, if Mr. A purchases shares of Mr. B will the company become a one person company?
2 Replies
P C Agrawal
(Registered independent director Past Ch)
(8229 Points)
Replied 27 February 2014
Sec.236 of CA 2013 will be applicable only to listed companies. Refer Explanation below sub-section (8) for definition of acquirer and 'person acting in concert'.
pooja mishra
(xx)
(28 Points)
Replied 16 February 2016
hello Sir,
An unlisted public limited company wants to acquire 8% shares of those members who are holding less than 1% shares in the Company.
is the same is allowed, if yes unedr which provision.
I guess Section 236 provides the same.
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