Amalgamation of company
Querist :
Anonymous
(Querist) 14 May 2011
This query is : Resolved
I purchased shares in one Public Ltd.company in 2005. The company was amalgamated with one Pvt.Ltd.Company with approval of scheme by High Courtin 2006.I was not informed about amalgamation nor offered shares in new company nor any compensation.Where do I lodge the complaint?
R.Ramachandran
(Expert) 14 May 2011
Dear Anonymous,
You purchased shares in the Public Limited Company. the said public limited company purchased/amalgamated a private limited company. After such amalgamation, the private limited company will not be there.
Therefore, naturally some shares have to be issued by the Public Limited Company to the share-holders of the private limited company and not to you.
I think you have a wrong idea.
abhay dholakiya
(Expert) 14 May 2011
by mistake of registar or company some cases happen like this but u will send all information me about ur complain and give me detail about both company i will check it
abhay dholakiya
(Expert) 14 May 2011
you also complain against new company on sebi@sebi.gov.in it is online complain and you also send CC msg to sebi branch on sebiwro@sebi.gov.in i am currently in sebi legal depa in western zone i will cheque it and msg you in a week msg all detail regarding comany me at abhi2786@gmail.co.in
abhay dholakiya
(Expert) 14 May 2011
and also give me information that the comany which u purchase in 2005 after purchasing shares could you transfer this share in your name or note? if shares not transfer on your name than might be posibility that new shares which provide after amalgamation is were send to old shareholder
Nu.Delhi.Law.Fora.
(Expert) 14 May 2011
Dear Querist,
Facts dont enable us to provide you appropriate advice. However, as it appears, you may consider filing of petition for re-opening the case in the same High Court seeking, inter alia, de-merger.
Since also as it appears that you are minority share-holder, you may have little thing to do.
Pl note that opinion is general and for specific advice, please consult your regular corporate lawyer/consultant or provide us better facts.
Trust this would suffice.
Rabin Majumder
Advocate-on-Record
Supreme Court of India.
