In a modern and regulated capital market, natural and legal persons invest certain financial resources in a company shares. There is an option when the investment is not large enough for the investor to become the majority owner of a company, that is when one becomes a minority shareholder. The paper presents the rights of minority shareholders, the possibility of exercising these rights, the obligations of majority owners towards minority shareholders, including how these relations could be determined by the company, which institution supervises the takeover of the target companies, etc. The legal basis governing these relations is determined by the Act on Takeovers of Joint Stock Companies, which was published in 2007, and the subsequent amendments. The above stated Act was complied with the Directive on Takeover Bids 2004/25/EC of the European Parliament and of the Council of 21 April 2004.