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Companies Law - Highlights / Catch Notes

Home Highlights August 2017 Year 2017 This

Membership of the private company exceeded 50 or not - Deemed ...


Court Rules Share Transfer Keeps Company Private; Membership Stays Under 50, Avoiding Public Company Status.

August 11, 2017

Case Laws     Companies Law     HC

Membership of the private company exceeded 50 or not - Deemed public company - The number of members of the compnay has not exceeded 50 by virtue of transfer of shares by the appellant (singly) to the appellant jointly with his children and wife - HC

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