Takeover of Private Limited Company

Dear Neha

Yes company can do so and no need to follow the procedure of Takeover.

Please check the rules of FDI (foreign direct investment) is it required for approval under FEMA Act & RBI.

Its depend on nature of business.

for further any query pls write

Regards

Simply if company is  private  ltd  than :

First make Takeover Agreement.

and  Share transfer Agreement and transfer all shares as per valued priced .

and Appoint new director and resign present director.

and follow FDI procedure parally.

others views are welcome to discussed in details.

Regards.

Simply if company is  private  ltd  than :

First make Takeover Agreement.

and  Share transfer Agreement and transfer all shares as per valued priced .

and Appoint new director and resign present director.

and follow FDI procedure parally.

others views are welcome to discussed in details.

Yogeshbhai, is it compulsion under applicable acts to resign present director and appoint new directors?

its depend on agreement if company is takeover by other person - they prefere to appoint their own person on board.

Regards.

Please Help me.

We have 6 companies in our group. now we want to megred two , both the shareholders and directores of company is common .What is simpliest procedure ?is it u/s 395 of companies Act.

PLEASE HELP ME.

h both our companies are pvt.ltd. and unlisted .