Forcible acquisition of minority interes | AccountingWEB

Forcible acquisition of minority interes

Directors of a private company own 98.5% of the share capital. The company does not feel it is in its best interests to send statutory accounts (they are welcome to the filed accounts)to individuals who have efectively no financial interest in the company but may have interests in competing companies. The company has approached the shareholders with an offer for their shares but received no response. Can the articles be changed so that the minority are efectively forced to sell their shares? Is there another mechanism to achieve this?
Max Lee

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Shareholders' agreement

max.lee |

shareholder agreements

Tosie |