Wholly owned subsidiary

Hello, friends

I have  aquery regarding WOS 

My company is public limited company and wants to purchase the 100 % share of an existing public limited company who became our WOS . Now what is the procedure to do so ......

 

Replies (5)

Pls sove my query..........its urgent

 

thanks in advance

 

There is no bar on transfer of shares by a Public Limited company. Please refer procedure and legal requirement under Companies Act. If the company is unlisted Public Limited, you has to get transfer deed and get it registered/filed with concerned ROC. And in case of listed company, you has to obey provisions of Exchange and Other Rugulations.

 

Please consul with your CA/CS dealing with takeover of the company.

 

 

Thanks for ur reply....

yes its unlisted public company and how we can registered the transfer deed in roc..

and there is req. the declaration of the 2 subcriber & nominee in form-22B ROC & how

 

thank you sir actual there is no proffesional who give accurate information and i m not aware and known regarding this.......so support me

 

thanks

 

Dear follow this link m=u may get ur usefull information .

 

/articles/transfer-of-shares-procedural-analysis-4692.asp

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