05 April 2010
respected experts and professionals,
can you please provide me the time-frames, procedures, and other details with regard to the following restructuring matters:
closure of Private Company and Public Company merger of Private Co with public Company merger of Public Company with Public Company
also advice on liquidation of one private company where its Directors are Hostile but shareholders are on our side, i mean, liquidation without Board Metting is possible?
06 April 2010
The time lines and procedure for closure of public or private co. would depend on the way in which you plan to close them. I have given one article on this site for winding up under court order. Please follow the link:
For merger, the procedure will not change for private or public company. I have submitted a file and one article on this site for the same. Please follow the links given below:
For liquidation of the Company where Board Meeting is not possible, file a case for oppresion and mismanagement or remove all the directors and have a new set of directors in place. But again this would depend on the shareholding structure. If you can share more details, I can try work out something.
CAclubindia
