Shares

Others 670 views 3 replies

Director “A” is holding 6000 shares and Director “B” is holding 4000 shares in a private limited company XYZ Pvt. Limited. Now a public limited company PQR Limited purchases the entire share holding of 6000 shares and 4000 shares from A and B. Now:

 

 

  1. How to deal this, if PQR limited holds entire 10,000 shares then won’t it be a default as there should be atleast 2 holders in private company

 

  1. If PQR Limited holds 9999 shares and one share is jointly allotted to PQR Limited and Mr GHI, what about the benefits attached with one share? Is there any procedure by which all the benefits attached are received to PQR Limited only and Mr GHI is just a holder without any receiving any benefits

 

Please advice, its urgent

Replies (3)

If PQR ltd purchases all 6000 Eq. Shares, then, XYZ (P) ltd will be termed as subsidiary company of PQR Ltd and there would be no default

Yes you are correct, a company incorporated under Companies Act, 1956 should have atleast 2 members in case of private limited company and 5 in case of public limited company.

You can show the shareholding as 9999 shares held by PQR ltd

and one share held by a nominee of PQR ltd.

Originally posted by : jeets

Yes you are correct, a company incorporated under Companies Act, 1956 should have atleast 2 members in case of private limited company and 5 in case of public limited company.

You can show the shareholding as 9999 shares held by PQR ltd

and one share held by a nominee of PQR ltd.

thanks for your reply but what abt the benefits attached with that One share?


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