if a company business is rent out 2 commercial properties to collect rental income and major shareholder buy out these 2 properties at huge discount to market price , how can this company carry on business ? can minority shareholder block the unfair buy

Answer :

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    LegalHelp

    answered on 13/05/2018

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    Whether the buy-back is allowed depends on the constitution of the company and any agreement entered into with the company. Minority shareholder may make an application to the court under s 216A of the Companies Act to block the purported transaction.

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