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Share Purchase Agreement Companies Act 2013

Prior to that, any limitation on the transfer of shares under the shareholder contract/amicable agreement, as concluded between shareholders, is valid and binding as a “contract” between shareholders. If a limited company is also a party to such a shareholder agreement/amicable agreement, such a contract will also be enforceable against the limited company like any other contract. In the event of a breach of such a contract by a party, the victim may benefit from the remedies available in the event of a “failure”, including the specific performance of this contract under the Specific Relief Act of 1963.B. The enforcement, supply and enforcement of this Convention does not contrafly the law or to an agreement, order, judgment, decree in which the seller is involved. E. In light of compliance with the requirements of the above sub-clause (a) to d), the Company continues to update the legal records in order to account for the change in the composition of the board of directors and the transfer of the legitimate and economic beneficiary of the sale shares and returns to the purchasers the shares of origin duly confirmed. PARTIES- These contracts may exist between a buyer and an individual seller or between a single seller and several buyers. In the case of the latter, i.e. several buyers, If the acquirers are shell companies or companies created solely for the purpose of implementing a GSB and a lack of financial or administrative credibility, it is important to ensure that the adjudicating entities of these companies, i.e.

the officers of these companies, are formed of alliances or guarantors to ensure payment or compensation in the event of fraud or non-payment. The Board of Directors may refuse to register the transfer of shares for “sufficient cause.” The words “sufficient cause” in section 58, paragraph 4, fall within its jurisdiction not only to the contingencies in subsection 3, but also to other circumstances and reasons that could prevent the company from refusing to register the transfer of shares. There may therefore be several reasons, even if it is not possible to list all of them, and they may depend on the facts of each case, which would be a “sufficient reason” for a company to refuse to register the transfer of shares. one. At the end of a six-month period from the date of execution, the purchaser will immediately attempt to change the company`s management and participation structure; (3) ______________eine supporting documents of the Companies Act, 2013, which is headquartered in _________dated_____________ E. Each litigant bears its own procedural costs, with respect to the arbitration procedure, and the same is shared by the arbitrator, or as decided by the arbitrator. 5.1 Subject to the arrival of the diploma or closure under this agreement, the purchaser (“indemnity persons”) undertakes in solidarity to compensate the sellers, the company and their directors, senior executives, agents, agents and employees (“decided persons”) of and against all claims, Debts, shares, procedures, receivables, losses, costs, taxes, damages and expenses that may be collected or incurred by the compensated persons or are the direct consequence of such or such contracts resulting from the commercial activity or the sale/transfer of the sale shares from the date of execution of this contract until the full transfer of the shares to the purchasers of which they are created or related to them.

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