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You cannot. Shares are the personal property of an individual. There is no provision in the Companies act to eliminate the minority shareholders. On the contrary, it empowers them by giving them certain rights. If the company acts in a manner which does not honor those rights, the minority shareholder can approach National Companies Law Tribunal (NCLT...
Wazzeer Professional Network
ProfessionalHow to eliminate minority equity shareholders stake in the Company?
-
Wazzeer Professional Network
ProfessionalYou cannot. Shares are the personal property of an individual. There is no provision in the Companies act to eliminate the minority shareholders. On the contrary, it empowers them by giving them certain rights. If the company acts in a manner which does not honor those rights, the minority shareholder can approach National Companies Law Tribunal (NCLT) and claim oppression and mismanagement by the company.
In case you need any assistance in legal or accounting or secretarial matters, things can be consulted and delivered seamlessly on Wazzeer platform -> "Get Started!"
almost 5 years ago
View answer
How to eliminate minority equity shareholders stake in the Company?
-
Wazzeer Professional Network
ProfessionalYou cannot. Shares are the personal property of an individual. There is no provision in the Companies act to eliminate the minority shareholders. On the contrary, it empowers them by giving them certain rights. If the company acts in a manner which does not honor those rights, the minority shareholder can approach National Companies Law Tribunal (NCLT) and claim oppression and mismanagement by the company.
In case you need any assistance in legal or accounting or secretarial matters, things can be consulted and delivered seamlessly on Wazzeer platform -> "Get Started!"
almost 5 years ago
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