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V.S. Datey on Companies Act, 2013
  • Consideration for minority shareholding

    by nimish vayawala on Thursday, August 29, 2019 at 05:31 PM

    After following thwe procedure as per section 236 MR A was entitled to get 500 shares of B The consideration was given to company and kept in separate account After the last day of the period the act provides that the company will itself transfer the shares acting as agent The company tendered the consideration but shareholder did not en cash . Where the company will deposit this fund . is there any requirement like that in case of unpaid dividend All the other formalities are complete

    Replied byV.S. Datey Friday, August 30, 2019 at 11:19 AM

    no specific provision - once u offer money, your liability is over V S Datey

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