WARNING: Private Companies to be cautious with share purchases, sales and other affected transactions!

The Companies Act, 2008 stipulates that a private company is classified as a Regulated Company if more than 10% of the issued shares of that company have been transferred (other than by transfer between or among related or inter-related persons) within the period of 24 months immediately before the date of a particular affected transaction or offer.

Regulated Companies are subject to more onerous requirements and it is therefore important that you consult us before entering into a sale or purchase of your entity’s shares.

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