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प्रश्न
Justify the following statement.
The Board of Directors can refuse transfer of shares.
उत्तर
Justification:
Transfer of shares means voluntary transfer of shares by a member of a company in favour of another person. A member has to apply to the company for transfer of shares by filling the ‘Instrument of Transfer’ and submit the share certificate along with the required transfer fees. The board of directors may refuse registering the transfer under following conditions:
- When the provisions for transfer of shares as given in the Articles of Association is not fulfilled by the member.
- When the instrument of transfer is not as per the rules prescribed under the Companies Act.
- When the Instrument is not accompanied by the Share Certificate.
- When the company has a lien on the shares to be transferred.
Hence, the board of directors can refuse transfer of shares.
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संबंधित प्रश्न
Select the correct answer from the options given below and rewrite the statement.
Voluntarily giving away one’s share to another person is called as______of shares.
Write a word or a term or a phrase which can substitute the following statement.
Person to whom transferor is transferring the shares.
State whether the following statement is true or false.
The member transferring shares is called as transferor.
Complete the sentence.
In case of transfer of shares, company has to issue to the transferee a new share certificate within ______
Answer in one sentence.
Name the parties involved in transfer of shares.
Explain the following term/concept.
Transfer of shares
Explain the following term/concept.
Blank transfer
Distinguish between the following.
Transfer of Shares and Transmission of Shares
Answer in brief.
What is Book Building Method?
Answer in brief.
State the provisions for Rights Issue.
When can the Board of Directors refuse the transfer of shares?
Answer in brief.
What is transfer of shares?
Justify the following statement.
A member of a Public company can transfer shares.
