Company selling all shares and impact on Tier 2 G applicant

[kumar84]

Dear Members,

Applicant is on Tier 2 General visa sponsored by [Company A] before January 2018

Now [Company B] planning to buy all the shares of Company A( this will happen after 11 January 2018).

[Company A] will continue to be managed as a separate company.

1. What is the impact of this on the Tier 2 applicant and PBS dependent?

2 Will the transfer of employee happen through TUPE? If so I understand no new CoS or BRP is issued.

3. Will PBS applicants and dependent's 'Leave to remain' start date ( because of transfer) change to post 11 January 2018. I am concerned as this will impact PBS dependent ILR as the 180 days rule post 11 Jan 2018 will apply ? [But without this transfer it is treated in accordance with the rules in force as on 10 January 2018 and no 180 days rule apply for PBS Depedent]

4. Is it correct that if after selling all the shares,[Company A] will not be managed as a separate company, [Company A] will have to handover all its license? If so will there be new CoS and VISA issues and this will have the start date/valid date post 11 Jan 2018?

5. All transfers should be taken care by employer, however As an employee how do I ensure there is nothing missed out?

Note- [Company A] & [Company B] have Sponsorship license.

Appreciate your guidance on this!

[kumar84]

Dear Members,
Can you kindly advice on the above situation pls?