Buy Back of Shares
AMIT DAS (8 Points)
02 March 2020
Can a shareholder or shareholders refuse to surrender his or their share(s) when the Company wants to buy back its shares?
4 Replies
Jatin Bajaj
(CS)
(2930 Points)
Replied 02 March 2020
If there is restriction in Articles of association in case of private Limited Company by puting the rider that special resolution needs to be passed in the general meeting of shareholders as prior approval of shareholder is required before buy back of shares, Company may buy back only after the prior approval of shareholders.
AMIT DAS
(8 Points)
Replied 02 March 2020
If there is no restriction then a shareholder can refuse or not?
satish
(teaching)
(2046 Points)
Replied 02 March 2020
One more source, company can buy back through stock exchanges also
pratik jain
(Student CS)
(28 Points)
Replied 02 March 2020
Yes of he finds that company is in strong position he may refuse to sale his share in buy back it's totally upto the wish of shareholder.
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