Takeover agreement: by transfer of company shares

The document is well suited for addressing the concept of taking over a Company incorporated under the Companies Act, 1956 by transfer of shares; this is not for amalgamation or a merger.

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About this document

This document as designed is suitable for addressing the concept of taking over a Company incorporated under the Companies Act, 1956 by transfer of shares; this is not for amalgamation or a merger. The party taking over can be an individual, partnership, proprietorship or a Company.

When there is an intention to accomplish a property transaction through Change in Constitution of an existing Company, this agreement succeeds to address all the necessary eventualities in the concept.

Our document covers essential elements of the concept and addresses all the eventualities that are relevant in the arrangement. The details have been provided in the explanatory notes that accompany the document. The document is invaluable in comparison to the price quoted here.

Any individual, firm or Company seeking to take over another Company from its promoters or the existing Directors.

Application and features

  • Real law in plain and simple user friendly language; 
  • Detailed explanatory notes make it easier to understand the legalities involved; 
  • Appropriate legal provisions, warranties and exclusions; 
  • Addresses all eventualities to bring into effect the Change in Constitution of the Company subject matter of take over; and 
  • Protects the interests of all the parties.

Contents

  • Purchase price; 
  • Authorized Capital;  
  • List of Shareholders and shares held; 
  • Description of immoveable and moveable properties; 
  • Details of the debts and liabilities; 
  • Transfer of shares and method; 
  • Representations and Warranties; 
  • Limitation of liabilities; 
  • Dispute Resolution; 
  • Jurisdiction;
Draftsman

This document has been drawn by Rakesh Taneja, unconnected with Net Lawman. Rakesh Taneja will welcome your contact for further legal help. There may be a charge for Rakesh Taneja services.

IN-CPadm01 - Takeover agreement: by transfer of company shares

 
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