compulsory acquisition

compulsory acquisition
index condemnation (seizure), disseisin, requisition

Burton's Legal Thesaurus. . 2006

compulsory acquisition
In the context of a UK takeover offer made on or after 6 April 2007, where a bidder obtains acceptances of at least 90% of the shares it is offering to buy in the target company (which is not the same as 90% of the total issued share capital) and acceptances of at least 90% of the voting rights carried by the shares it is offering to buy, it can require the remaining non-accepting shareholders to sell their shares on the terms of the offer by following the procedures in sections 974 to 991 of the Companies Act 2006.
Related links

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Игры ⚽ Нужна курсовая?

Look at other dictionaries:

  • compulsory acquisition — comˌpulsory acquiˈsition noun [countable] another name for compulsory purchase * * * compulsory acquisition UK US noun [C or U] ► LAW, PROPERTY COMPULSORY PURCHASE(Cf. ↑compulsory purchase) …   Financial and business terms

  • compulsory purchase — comˌpulsory ˈpurchase also compulsory acquisition noun [uncountable] LAW in Britain, when a government organization has the legal power to make you sell them your land or property and pays you an amount of money as compensation. This usually… …   Financial and business terms

  • compulsory purchase — The compulsory acquisition of land by the state when it is required for some purpose under the Town and Country Planning legislation. Compensation is paid on the basis of market value. Compare requisitioning …   Big dictionary of business and management

  • Compulsory purchase in England and Wales — Compulsory purchase is the power to acquire rights over an estate in land, or to buy that estate outright, regardless of the willingness or otherwise of its current owner, in return for recompense. In England and Wales Parliament has granted… …   Wikipedia

  • Land Acquisition Act — The Land Acquisition Act of 1894 is a legal Act in India which allows the Government of India to acquire any land in the country.“Land Acquisition” literally means acquiring of land for some public purpose by government/government agency, as… …   Wikipedia

  • foreign language acquisition and teaching — The ‘English fever’ of the 1980s continues. The international tongue suggests one’s success and profit. Japanese is also popular. Xinhua News Agency reported in 2001 that China had over 3,000 foreign language institutions with the annual turnover …   Encyclopedia of Contemporary Chinese Culture

  • Eminent domain — (United States), compulsory purchase (United Kingdom, New Zealand, Ireland), resumption/compulsory acquisition (Australia), or expropriation (South Africa and Canada) is an action of the state to seize a citizen s private property, expropriate… …   Wikipedia

  • 2001 in Zimbabwe — See also: 2000 in Zimbabwe, other events of 2001, 2002 in Zimbabwe and the Timeline of Zimbabwe history. Events January * The Anti Personnel Mines (Prohibition) Act 2000” is incorporated into Zimbabwe’s domestic law. * One person is murdered in… …   Wikipedia

  • PART Three of the Constitution of India — NOTOC Part III consists of Articles 12 35 on FUNDAMENTAL RIGHTS. General Article 12 Definition. In this Part, unless the context otherwise requires, the State includes the Government and Parliament of India and the Government and the Legislature… …   Wikipedia

  • Capital gains tax in Australia — Capital Gains Tax (CGT) in Australia applies to the capital gain made on disposal of any asset, except for specific exemptions. The most significant exemption is the family home. Rollover provisions apply to some disposals, one of the most… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”