04-20-2010, 03:12 PM
Dears,
It is clear from the initial threads that the word company in referred Rule does not include private company as its definition restricts to offer the share to public.
Discussable problem was only whether or not Rule 9 would be applicable on the person holding 65% shareholding in listed company..!!!
If a person holds the same shareholding 65% in a private company & wants to disinvest it. Other members do not have sufficient personal resources what would be the way out?
Regards,
*
It is clear from the initial threads that the word company in referred Rule does not include private company as its definition restricts to offer the share to public.
Discussable problem was only whether or not Rule 9 would be applicable on the person holding 65% shareholding in listed company..!!!
If a person holds the same shareholding 65% in a private company & wants to disinvest it. Other members do not have sufficient personal resources what would be the way out?
Regards,
*
