Company takeover.

This query is : Resolved

CA.Yogesh Patel (Querist)
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21 March 2012 If two persons want to purchase the business of a Pvt. Ltd. Co, Can they simply acquire the business by taking all the shares from the previous share holders or is there any method?

Kindly elaborate in detail.

Thanks.

CS Priyanka Jaiswal

CS Priyanka Jaiswal (Expert)
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22 March 2012 Yes, you can actually purchase the shares of the company and get them transferred in your name....get resignation from the current directors and appoint yourself instead and the company is yours.....This is cent percent correct as i have acquired 2 pvt. ltd. companies in the same way...