Director “A” is holding 6000 shares and Director “B” is holding 4000 shares in a private limited company XYZ Pvt. Limited. Now a public limited company PQR Limited purchases the entire share holding of 6000 shares and 4000 shares from A and B. Now:
- How to deal this, if PQR limited holds entire 10,000 shares then won’t it be a default as there should be atleast 2 holders in private company
- If PQR Limited holds 9999 shares and one share is jointly allotted to PQR Limited and Mr GHI, what about the benefits attached with one share? Is there any procedure by which all the benefits attached are received to PQR Limited only and Mr GHI is just a holder without any receiving any benefits
Please advice, its urgent
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