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AYUSH0407
May 27, 2010, 11:40 PM
There was a Pvt. Ltd company who is a shareholder in another limited company. Now the Pvt. Ltd company who was a shareholder has been striken off by the ROC. I am indilemma as to how to treat the shares held by such pvt. Ltd company. Will it be forefeited. Reply??

AK lawyer
May 29, 2010, 10:44 PM
It would depend upon the law of the country where the stricken company was incorporated, but chances are the creditors and the shareholders can claim the shares in the other limited company.