Advertisements
Advertisements
Question
Explain the following term/concept.
Blank transfer
Solution
- When a member signs the Instrument of transfer without filling in the name of the transferee and hands it over to the transferee along with the share certificate, it is called a 'Blank Transfer.'
- The blank transfer enables easy to purchase and sale of shares as the blank transfer form can be sold any number of times. The intermediate buyers need not pay stamp duty. A holder of a blank transfer form enjoys all rights that a member is entitled to have.
RELATED QUESTIONS
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.
Complete the sentence.
The two parties involved in transfer of shares are transferor and ______
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.
Forged transfer
Distinguish between the following.
Transfer of Shares and Transmission of Shares
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.
The Board of Directors can refuse transfer of shares.
