Posted:
Exactaly.Originally posted by: shradhav
As per my very basic rudimentary knowledge of company law
1) If you hold more than 10% of the share and want to transfer it you need to give a written notice (unless its a limited company (Should have stayed awake in law class more often in bschool)2) Even if you are acquiring shares stealthily, you have to make an open offer at a particular trigger price which is <20%3) 26% gets you blocking rights on board decisions- she said 25% that means she can control BoD4) 51% gives you controlling majority (which Maan has, I think)
even in internatinal tradin if we do business joint venture with any other country my company must have minimum 51% to take the major decisions for the well being of country.
P. S. I m telling abt my country's rules & company biz law with many other country.
Ye Hai Mohabbatein
Mangal Lakshmi
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