PathPartner Technology Consulting Private Limited (PathPartner), a leading product engineering and technology consulting services provider, engaged Majmudar & Partners to address key corporate matters, including structuring and implementing various exit rights for its shareholders, including through a buyback of shares.
Facilitating the Transaction
Majmudar & Partners provided essential legal and advisory support in the following areas:
- Structuring Exit Rights: Assisted in drafting and finalizing the documentation to structure shareholder exit rights in compliance with the Companies Act, 2013, ensuring clarity on procedures for buybacks and other exit mechanisms.
- Compliance with Corporate Law: Guided PathPartner through the legal requirements applicable to a buyback of shares, including adherence to Section 68 of the Companies Act, 2013, and related guidelines issued by the Securities and Exchange Board of India .
- Tax Implications and Structuring: Provided strategic advice on the tax implications of the buyback transaction, helping PathPartner optimize the financial outcome while staying within the contours of Indian tax laws.
- Stakeholder Communication and Coordination: Facilitated communication between stakeholders, including existing shareholders and regulatory authorities, to align all parties on the legal and procedural aspects of the exit strategy.
- Regulatory Filings and Approvals: Managed all necessary filings with the Registrar of Companies (RoC) and other regulatory bodies, ensuring timely approvals and compliance with reporting requirements.
This transaction enabled PathPartner to implement a robust framework for shareholder exits while ensuring full compliance with corporate and regulatory standards. Majmudar & Partners ably supported the company in managing its shareholder relationships effectively and optimizing its corporate governance practices .
Majmudar & Partners provides expert legal counsel tailored to the needs of businesses that need to navigate corporate governance challenges or shareholder rights. Contact us today to learn how we can assist in structuring efficient and compliant solutions for your corporate transactions.