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Can a company forfeit shares of shareholders without their consent?

April 26, 2017COMPANY Consent Ethics forfeit government Law politics Shareholders Shares

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Can a company forfeit shares of shareholders without their consent?

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In any commercial matters the concept of time is very crucial.You have said that the company said-Quote- After that the shareholders have been offered for the exit route by offering them Rs. 1000 per share as the company is going to be unlisted after the said scheme of arrangement- unquote. You should have taken cognisense of this announcement. You did-not. The company also said that the Share are going to be unlisted. leave aside your claim after the court judgement , even after the lapse of the time specified by the company to opt for the payment has no consideration the company is right on its part to compensate as it deemed fit.