Tag Archives: dissenting shareholder

OTHER ISSUES IN COMPROMISE, ARRANGEMENT, MERGER AND AMALGAMATION


These schemes of corporate reconstruction have many inbuilt complex issues. The law has to care about all these complexities.

SHARES OF DISSENTING SHAREHOLDERS (SECTION 235):

Where a scheme or contract involving the transfer of shares or any class of shares in a transferor company to a transferee company has been approved by the shareholders or class of shareholders, the transferee company may give notice to any dissenting shareholder that it desires to acquire his share. The conditions are –

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