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-   -   What will be the treatment of shares held by a defunct company in other company? (https://www.askmehelpdesk.com/showthread.php?t=474146)

  • May 27, 2010, 11:40 PM
    AYUSH0407
    What will be the treatment of shares held by a defunct company in other company?
    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??
  • May 29, 2010, 10:44 PM
    AK lawyer

    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.

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