A notice under section 321(1) of the Act shall be sent to every shareholder who has not accepted the offer, by registered post at his last known address and shall inform him of the desire of the offeror to acquire his shares and shall include the following particulars:
| a) |
the number and nature of the shares held by such shareholder; |
| b) |
the name of the offeror; |
| c) |
the price or prices at which the offeror has acquired or proposes to acquire other similar shares of the company; |
| d) |
the number and nature of all shares of the company acquired by the offeror; |
| e) |
the price or prices at which the offeror desires to acquire the shares of the shareholder who has not accepted the offer; and |
| f) |
a notice that if an application is not made to Court by such shareholder who has not accepted the offer, within six weeks of the date of such notice, the offeror shall be entitled and bound to acquire the shares of such shareholder on the terms offered. |
Securities Transfer Tax Act, 2007
