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We are 2 Directors of a Pvt Ltd Company. We opened up the company with a Paid-up Capital of 100000 Rs and the share was split as 70:30 and the money were also pooled in accordingly from personal accounts in the company account. After that, the Director which has 70% of the share started investing money and the Director with minority share started running the business. Today after almost 1 Year and 9 months the company has got a proposal to be acquired. I want to check with you on the following Questions assuming the situation wherein the Company is getting acquired at 3 crores.

No, the majority shareholder cannot take the entire money without giving anything to the minority shareholder because the business is started by both the Directors and run by both of them so both of them have right to enjoy the fruit at the end also. In case of acquisition of the company, the acquirer company can acquire the acquiree after the consent...

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