ROFR

Restrictions on Transferability of Shares and the Right of Pre-Emption

RESTRICTIONS ON TRANSFERABILITY OF SHARES AND THE RIGHT OF PRE-EMPTION -Raghavi Viswanath INTRODUCTION The distinction between private and public companies is primarily based on the idea that the legislation intends to make available the advantages of corporate trading to private traders or private persons. These advantages are embodied in the form of privileges which are… Read More

Tags: Messrs HoldingRangarajROFRSection 111A

Right Of First Refusal: A Contractual Restriction On Transfer Of Shares

Introduction Among various provisions of incorporating documents such as shareholder™s agreement in a corporation, an item will often appear labeled ROFR / Right of First Refusal. ROFR is a contractual right that obliges the selling shareholder not to sell its shares in the company to a third party without offering his shares to another party… Read More

Tags: Companies Act 1956Company Law BoardCorporationDelhi High CourtPre-emption rightRight of First RefusalROFRShareholders' agreement

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