n Without Prejudice - A victory for minority shareholders : company law

Volume 9, Issue 9
  • ISSN : 1681-178X



S311 of the Companies Act, No. 61 of 1973, as amended, provides a mechanism through which, , an offeror may propose a scheme of arrangement between a company and its members, in terms of which the offeror will acquire the shares held by the members for an agreed consideration. This form of arrangement is generally referred to as a take-over or expropriation scheme.

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