However, proviso to section 58(2) provides that any contract or arrangement between two or more persons in respect of transfer of securities shall be enforceable as a contract. It is now possible to contractually agree on terms such as right of first refusal, right of first offer, tag along, call option, put option, etc.
In this para, agreement could be made on any 5 of these terms, may someone help me in getting a clear idea of what they mean and how do they differ?
Exploring Key Contractual Terms: Right of First Refusal, Tag Along, Call & Put Options under Section 58(2) Companies Law. A discussion on a forum was initiated regarding the meaning of certain terms used in contractual agreements, particularly in the context of corporate laws, SEBI, and LLP. The query focused on understanding terms such as the right of first refusal, right of first offer, tag along, call option, and put option, which are enforceable under section 58(2) of the Companies Law. A response was provided, indicating that further information could be found on the TAX GURU website, but the specific explanations of the terms were not detailed in the provided text. (AI Summary)
TaxTMI 
TaxTMI 
TaxTMI 
.jpg){kind=small}