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AI Drafter ✕ Generate professional replies to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.
Step 1 – Issue Identification & Review
The AI analyses your query, notice, order, or uploaded documents and identifies the key issues involved.
• Review the issues identified by the AI
• Add, edit, remove, or refine issues as required
Step 2 – Draft Generation
Once you approve the issues, the AI performs issue-wise legal research and prepares a structured draft response.
• Relevant statutory provisions
• Judicial precedents and Supreme Court, High Court and other citations
• Issue-wise legal analysis
• Practical arguments and supporting content
• Professionally structured draft ready for further review. 
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A Pvt. Ltd. Co. has six shareholders out of which four shareholders holds 70 percent of total shares while other two shareholders holds remaining 30 percent . Shareholders who holds 70 percent shares want to remove shareholders show holds 30 percent . Please tell whether this is possible. If so, what is the procedure.
If this is not possible, is there any means that value of shareholding of shareholders who holds 30 percent shares can be brought to 2 percent or 3 percent .
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There is no provision in the Companies Act to remove the shareholders. Their shares may be bought. If they are not willing to sell their shares further shares may be issued as to reduce the percentage of them.
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