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of <h1>Section 236: Rules for Acquiring Minority Shares When Holding 90%+ of Company Equity Explained</h1> Section 236 of the Companies Act, 2013, addresses the process for acquiring minority shareholdings when an acquirer or a group holds 90% or more of a company's equity share capital. The acquirer must notify the company of their intent to buy remaining shares and offer a purchase price determined by a registered valuer. Minority shareholders can also propose a sale to the majority. The majority must deposit the share value in a separate account for disbursement within 60 days. The company acts as a transfer agent, and if shares aren't delivered, they are deemed canceled. Additional compensation from higher negotiated prices must be shared with minority shareholders. If full acquisition isn't achieved, the section's provisions remain applicable.
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