REMOVAL OF SHAREHOLDERS

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....EMOVAL OF SHAREHOLDERS<br> Query (Issue) Started By: - S.C. WADHWA Dated:- 7-4-2014 Last Reply Date:- 31-1-2015 Corporate Laws / SEBI / LLP<br>Got 1 Reply<br>Companies Law<br>A Pvt. Ltd. Co. has six s....

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....hareholders 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 shareholde....

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....rs 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 perc....

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....ent shares can be brought to 2 percent or 3 percent . Reply By MARIAPPAN GOVINDARAJAN: The Reply: There is no provision in the Companies Act to remove the shareholders. Their shares may be bought. I....

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....f they are not willing to sell their shares further shares may be issued as to reduce the percentage of them.<br> Discussion Forum - Knowledge Sharing ....