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lecture-37 - Ltd during the offer period(ii Your company...

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LESSON 37: TUTORIAL THE COMPANIES ACT, 1956 You are the company secretary of XYZ Ltd., a listed company, which is making a takeover bid to acquire control of ABC Ltd., another listed Company. XYZ Ltd. presently has no stake in ABC Ltd. Advise your Board of directors in respect of the following queries: (i) Govinda, your director, desires to be appointed on the Board of ABC
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Unformatted text preview: Ltd. during the offer period. (ii) Your company after acquiring control of ABC Ltd. desires to dispose of some assets of ABC Ltd., not in the ordinary course of business and its intention to dispose of such assets is not stated in the offer document. Notes:...
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