Can Shareholder Tender Additional Shares Than Its Eligible Offer Made by Company under Buyback offer?
If yes, then Under Which section or Rule it is given under companies act?
as per Rule 17(6) States That " In case the number of shares or other specified securities offered by the shareholders or security holders is more than the total number of shares or securities to be bought back by the company, the acceptance per shareholder shall be on proportionate basis out of the total shares offered for being bought back."
It Says about Proportion but I want to know additional shares in case other members not tendering and remaining shares to offered to other member.
buyback
private
company
shareholders
eligible
shares
tendered
additional
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director
shareholder
loan
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company
shareholders
liability
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director
shareholder
loan
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fema
issues
became
recently
shareholder
individual
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private
company
shareholder
loan
case
complaince
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shareholders
loan
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shareholder
nominee
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shareholder
nominee
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Dear All,
Can a private company take loan from Trust which is also a shareholder of the company (Through its Trustee)?
shareholder
trust
loan
