Procedure - company disposes the acquired shares

[Adoni Raghavendra]

Please Let me know about the steps to be taken when company disposes the acquired shares of the other company as per the company act 1956. Is it necessary to call shareholders/members meeting in this regard.If so, Please send me the formats of the documents to be prepared for the same. And also stampduty chart for paying the stamp duty for share transfer/brought.

[Rama Krishana]

Your query is required to be more elaborated. You are also requested to state your own understanding of the issue.

AI Summary

Guidance Sought on Disposing Acquired Shares Under Companies Act 1956; Clarification on Shareholders' Meeting and Documentation Needed A user inquired about the procedural steps a company must follow when disposing of acquired shares under the Companies Act of 1956, specifically questioning the necessity of calling a shareholders' meeting and requesting document formats and a stamp duty chart. The response suggested the query needed further elaboration and asked the user to share their understanding of the issue.