Section 235 of Companies Act - Power to acquire shares of shareholders dissenting from the scheme or contract approved by the majority

When a company acquires shares or gets assent from not less than 90% of shareholders of the transferor company, then the transferee company has right to acquire the balance 10% shares from the shareholders those who dissent from the acquisition offer made by the transferee company.

source https://www.caclubindia.com/articles/section-235-of-companies-act-47845.asp

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