82 members - for a pvt co - max 50

Dipjyoti Majumdar (CA in service & CS. dipmaj@ rediffmail.com )   (3468 Points)

29 September 2011  

There are 82 shareholders in a unlisted public company. The company wants to be converted to a private company. What are the options left as to reduction of number of members from 82 to a maximum of 50.

Apart from transfer of shares, anything else like buy back ?

Regards,