Privatization

Privatization is the incidence or process of transferring ownership of a business, enterprise, agency or public service from the public sector (the state or government) to the private sector (businesses that operate for a private profit) or to private non-profit organizations. In a broader sense, privatization refers to transfer of any government function to the private sector – including governmental functions like revenue collection and law enforcement.

The term “privatization” also has been used to describe two unrelated transactions. The first is a buyout, by the majority owner, of all shares of a public corporation or holding company’s stock, privatizing a publicly traded stock, and often described as private equity. The second is a demutualization of a mutual organization or cooperative to form a joint stock company. Our team of proficient advocates would provide you with solutions to the legal issues involved in formation of joint stock Company with respect to privatization, Buyout of holding co s stock etc.

Astrea would provide with legal services with respect to the aforementioned issues involved in privatization. Others being the different modes of privatization-share issue privatization, asset sale privatization, voucher privatization, privatization from below. Issues like public private partnership and its legal implications, sub contracting of services. Outsourcing, partial ownership are some of the areas which require a solid knowledge base to make them a success. We at Astrea strive to provide you with the best we have.