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COMPROMISES ARRANGEMENTS AND AMALGAMATIONS - Proposed Amendments in the Companies Act 2013

News and Press Release - Dated:- 2-2-2016 - Purchase of Minority Shareholding 15.1 Section 236 of the Act deals with the purchase of minority shareholding. This provision refers to the acquisition of shares of a company and contemplates a situation where an acquirer, or a person acting in concert with such an acquirer, becomes a registered holder of ninety percent or more of the issued equity share capital of a company. This provision prescribes that such an acquirer shall notify the company of .....

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